Thailand's leading real estate agent

SEZs Poised for 39% Surge in Land Prices

By on Dec 28, 2015 in Investment-Land

New land appraisal prices in special economic zones (SEZs) for 2016-19 are set for an increase of 39% on average compared with the average rise of 28% nationwide from 2012-15.

Treasury Department director-general Chakkrit Parapuntakul said the new prices would take effect on New Year’s Day next Friday.

The SEZs span six provinces, with the highest average increase in Songkhla (45.7%), which is intended as a zone for food and farm processing and a multimodal transport hub for the South and neighbouring countries.

The biggest rise in Songkhla is for a plot near Phetkasem Road that will see a 142% increase to 60,500 baht a square wah.

The second-highest average increase among the SEZ provinces is in Tak, earmarked for an international cross-docking facility and labour-intensive manufacturing.

Appraisal prices are up 42.8% in the province, with Mae Sot district tallying a 92.3% rise.

Rounding out the top five are Mukdahan (up by 38% on average), Nong Khai (33%) and Sa Kaeo (26%).

The lowest increase among SEZ provinces is in Trat, with appraisal prices up 8% on average.

The Treasury Department has finished land appraisals for 32 million plots, with prices up by 27.8% nationwide.

Bangkok’s appraisal prices are up 15.8% on average.

The highest appraisal price nationwide is on Silom Road from Soi Sala Daeng to Narathiwat Road at 1 million baht per sq w, up by 17.6%.

The cheapest price nationwide is in Chiang Mai province, with land going for 10 baht per sq w.

Source: Bangkok Post, 26 December 2015

Contact CBRE Valuation Service to help check your land price.

No comment


emailSubscribe Via Email

Privacy guaranteed. We will not share your information.

Follow Me on Twitter

Follow Me on Facebook

Subscribe via RSS Feed

Copyright © 2021 CBRE (Thailand) Co., Ltd. All Rights Reserved.