I'm looking around at land prices in Chiang Mai (outside the city in the NE parts) and there are plots up for sale everywhere but the prices are surprisingly high, at least 1 million per Rai. Not talking about in the city off big roads, just random plots around where I live.
Do people who know the land market know if these prices are normal or is there something happening right now?
For comparison here is 1.6 Rai in Columbia SC for $11,00 USD. A fraction of what you would pay in Chiang Mai. Not sure if these are comparable but still, the US land is much cheaper so it makes me wonder what's going on here. Is it really possible you can buy land in the US cheaper than in Chiang Mai?