dauu Posted November 1, 2017 Share Posted November 1, 2017 How much should cost Rice field of 2.5 RAI In CHIANG RAI district 35 km southeast TO CHIANG RAI city Link to comment Share on other sites More sharing options...
Jip99 Posted November 1, 2017 Share Posted November 1, 2017 How long is a piece of string ? Access ? Road frontage? Water ? Electric? Link to comment Share on other sites More sharing options...
dauu Posted November 1, 2017 Author Share Posted November 1, 2017 Buying the field for growing rice Access ?--Field path Road frontage?--NO Water ?-Irrigation canal Electric?-NO Link to comment Share on other sites More sharing options...
Randell Posted November 1, 2017 Share Posted November 1, 2017 Hello Dauu I know this is frustrating but there is not simple cut and dry answer. You're best off to have your Thai partner find out how much land in the adjacent area is worth. Is there a small road beside it to facilitate harvesting etc. does it have a big klong feeding it or just a small one?There are a myriad of of things that will impact the price. But foremost unfortunately will be does the seller know that you a farang are interested and prepared to fund the purchase. That it self will do more to inflate the price than anything else. I know that doesn't answer you question but now you know there a lot more to the answer than a simple statement. Good luck Link to comment Share on other sites More sharing options...
dauu Posted November 1, 2017 Author Share Posted November 1, 2017 How much should cost +-20000 bhat Link to comment Share on other sites More sharing options...
glasswort Posted November 2, 2017 Share Posted November 2, 2017 Anything is only worth as much as someone is prepared to pay, Link to comment Share on other sites More sharing options...
cooked Posted November 2, 2017 Share Posted November 2, 2017 11 hours ago, dauu said: How much should cost +-20000 bhat If this is a question, then no, you'll get nothing worthwhile for ฿20 000. 4 Rai went for ฿45 bloody MILLION recently, near the road with water, here near Buriram. In addition to the variables mentioned above, there is the "Rich Farang coming" factor. Link to comment Share on other sites More sharing options...
Manassas Posted November 2, 2017 Share Posted November 2, 2017 The proper cost of farmland is a never ending question here and elsewhere. I've watched it in my area since I moved here. In my area most sellers are selling to pay off a bank loan and widely overestimate the value of the land. What I've done for my wife's land is keep track of costs and calculate the net profit after harvest. For us, that profit is very slim due to the dismal rice prices - I've seen it recently down to 6000 baht per tonne. This year I'm taking more land out of rice and trying some alternatives. Still I recognize that producing your own rice for family consumption is a big part of rural culture. All that said, I will continue to plant rice but am very hesitant to buy more land at inflated prices if it's only for farming. It depends on what your aims are for the land. If you are also building a house on the land that makes a purchase more justifiable. As someone else said, have your wife ask around and you will get on idea of what the gong local rate is. Then you have to decide if it's worth it. Link to comment Share on other sites More sharing options...
jaiyen Posted November 2, 2017 Share Posted November 2, 2017 Do your homework and ask locally and then make a low offer and see what the owner says. Too easy ! Link to comment Share on other sites More sharing options...
wombat Posted November 2, 2017 Share Posted November 2, 2017 as much as can be extracted from a farang would be my guess...business is business. Link to comment Share on other sites More sharing options...
MaeJoMTB Posted November 2, 2017 Share Posted November 2, 2017 Don't do it. You can't own it. Buy gold, it's easier for her to sell, and you won't be forced to live near her family. Link to comment Share on other sites More sharing options...
miamiman123 Posted November 2, 2017 Share Posted November 2, 2017 What ever price the buyer and seller agree on....it’s called “price theory Econ 101” Link to comment Share on other sites More sharing options...
bubba45 Posted November 2, 2017 Share Posted November 2, 2017 Before my wife bought in Chiang Mai, I thought “that’s a ridiculous price for land in the middle of nowhere. So we priced around and everything was MUCH higher. So we bought. That’s the only way to figure out what the price should be. Link to comment Share on other sites More sharing options...
1FinickyOne Posted November 2, 2017 Share Posted November 2, 2017 There are so many variables that unless someone knows this specific area, responses are not terribly valid... often times here, prices are partly determined on what people will guess might be happening in the future in that area... and so, the value of rice production is not the ultimate driving force in the value of the land... There is no substitute for knowledge. The price of a rice field near me is irrelevant if they are going to put in a University nearby your rice field and the land might be converted to residential for dormitories.. for example. Link to comment Share on other sites More sharing options...
cardinalblue Posted November 2, 2017 Share Posted November 2, 2017 4 rai for 45 million baht in burirum? Really hard to believe since it would be the most expensive non bkk land in the country....my guess 4.5 million IF choice land..put it on par with CM farm lands... Link to comment Share on other sites More sharing options...
KKr Posted November 2, 2017 Share Posted November 2, 2017 13 hours ago, dauu said: How much should cost +-20000 bhat 20.000 per TW ? looks quite rich i.e. 8.000.000 per rai. 20.000 / Rai I'd take immediately if it is NorSor Sam, or even if NorSorSong, and I like the location. Then find one of the local Farmers to grow rice, and share the crop 50/50 (if not Chanote, difficult to Get Superficies on the Land though) Mueang Chiang Rai outskirts near new government center asking price about 500.000 - 600.000 per rai and more if close to a paved road. add 1 - 1.5 meters landfill if you intent to build a house. (1600 x 1.5 x 450 B = upto 1.000.000 B per rai) Link to comment Share on other sites More sharing options...
rwill Posted November 2, 2017 Share Posted November 2, 2017 you can try looking at similar lots on ddproperty. Link to comment Share on other sites More sharing options...
Lucky mike Posted November 2, 2017 Share Posted November 2, 2017 In a previous life I was a property auctioneer, here it still never ceases to amaze me the pricing structure ! Sellers have 3 prices 1.dream price, 2. would like 3.would take. Buyers also have 3 prices 1 would steal it for, 2. Would pay, 3. Would not let someone else buy first. So in transaction these prices must meet to enable a sale. You being a falang being involved in purchase will ensure the seller seeking a premium..as others have said see what comparable properties have " sold" for knowledge is power. Cash is important therefore can offer shorter settlement period. Don't be afraid to start at lesser price.....but not ridiculous. Better if Thai does neg even better if the seller does not know falang is buyer, good luck Link to comment Share on other sites More sharing options...
namatjira Posted November 2, 2017 Share Posted November 2, 2017 3 hours ago, cardinalblue said: 4 rai for 45 million baht in burirum? Really hard to believe since it would be the most expensive non bkk land in the country....my guess 4.5 million IF choice land..put it on par with CM farm lands... Somebody might have paid too much by just a little bit, never mind. prices always go up .... just sit back and wait about 1000 years and it should be about right Link to comment Share on other sites More sharing options...
lvr181 Posted November 2, 2017 Share Posted November 2, 2017 1 hour ago, namatjira said: Somebody might have paid too much by just a little bit, never mind. prices always go up .... just sit back and wait about 1000 years and it should be about right "just sit back and wait about 1000 years and it should be about right " Thailand will be a part of China by then or a 4th world country if the Kingdom still exists Link to comment Share on other sites More sharing options...
khunPer Posted November 2, 2017 Share Posted November 2, 2017 18 hours ago, dauu said: How much should cost +-20000 bhat What is the title of the deed..? Farmland and ricefields can be anything from some ten-thousand baht a rai to a million baht a rai, depending of the deed and location; the latter already mentioned by other posters. Link to comment Share on other sites More sharing options...
dick turpin Posted November 2, 2017 Share Posted November 2, 2017 6 hours ago, cardinalblue said: 4 rai for 45 million baht in burirum? Really hard to believe since it would be the most expensive non bkk land in the country....my guess 4.5 million IF choice land..put it on par with CM farm lands... Try Khao Yai currently15-20 million baht for one rai. Link to comment Share on other sites More sharing options...
uffe123 Posted November 2, 2017 Share Posted November 2, 2017 Don't buy any land or house in Thailand, you might regret it later. Link to comment Share on other sites More sharing options...
Foozool Posted November 2, 2017 Share Posted November 2, 2017 12 hours ago, cooked said: 4 Rai went for ฿45 bloody MILLION recently, near the road with water, here near Buriram. That must be at golden location❗️? Link to comment Share on other sites More sharing options...
cooked Posted November 3, 2017 Share Posted November 3, 2017 11 hours ago, Foozool said: That must be at golden location❗️? Out in the sticks, & Km from the main highway, not particularly good rice land. Link to comment Share on other sites More sharing options...
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