Bangkok

Land prices in Bangkok rose once more during the first quarter of this year and have now increased by double digits for three consecutive quarters. According to the Real Estate Information Center (REIC), prices in suburban Bangkok are surging the fastest. “The top five locations securing the highest year-on-year increase in the price index of vacant land were all located outside of Bangkok. The growth...

The highest land price rises in Bangkok over the past few years were found in Huai Khwang, according to findings from the Thai government's recent assessment. That was to be expected given the increase of development in the area and its proximity to key hubs, such as Rama IX. The Treasury Department Director-General Chamroen Phothiyod noted that land prices in Huai Khwang soared by 21.5 percent when...

Land prices across greater Bangkok rose during the third quarter with the largest gains being recorded in suburban locations, according to data from the Real Estate Information Centre (REIC). the largest increases were seen in the Samut Prakan and Nonthaburi provinces where prices remain relatively low. In fact, land prices in the Bangkok city center grew at a much slower pace than in years past due to...

With tourism recovering and Thailand on many travelers’ list of must visit destinations, people want to know if now is a good time for Bangkok hotel investment. And while today is certainly not a bad time to buy a Bangkok hotel for sale, there are a few factors to consider. Let’s start by looking at the positives. First, the Tourism Authority of Thailand predicted tourist arrivals of more than 10...

The Bangkok Metropolitan Administration (BMA) wants to close land tax loopholes that have seen some owners turn their holdings in prime areas into makeshift banana and lime farms. This allowed them to enjoy the agricultural land tax rate of 0.01-0.1 percent as opposed to the 0.3-0.7 percent applied to undeveloped commercial plots. A source at the BMA told the Bangkok Post that up 12,000 land plots in...

Bangkok land prices continue to grow but at a slower pace than previous years, according to the Real Estate Information Center (REIC). There were a number of reasons for this, including Thailand’s struggling economy and the full collection of the land and building tax which went into effect this year. The REIC’s price index of vacant land in Greater Bangkok was 354.5 in the second quarter of 2022....