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Big Bangkok Property Developers Pushing Up Land Prices

By on Feb 15, 2016 in Property News, Residential

Some of the top property firms bought land worth 16 billion baht in the last 2 months of 2015.

November 2015 saw a THB 9 billion deal go through on Ratchadaphisek Road this amounted to THB 170,454 per square metre. December 2015 a deal of almost THB 7 billion closed for a joint venture between BTS Group Holdings and Sansiri for 40 rai on Vibhavadi Road.

This months deal is for 700 rai near Krungthep Kreetha Road, owned by Bangkok land and is looking for a sale of at least 8 billion THB with several leading property firms.

The view is this year will be a difficult year for small and medium sized property firms to do business when the big firms, such as Singha Group, TCC Land, CP Land and Central Group began increasing their investment in the property market in 2015. The result is land prices going up.

Source: The Nation, February 4th 2016
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