Land Price

[simba]

Hi,

Can any body give me a rough price for land around Chiang Mia ( thinking Hang Dong area),

and the size of a Rai and Ngan in real money ie feet & inches/meters.

Thank you.

[Rinrada]

Bit of Info on Chiang Mai but suggest prices may have gone up a wee bit.......

Consider 1 acre@ 4 Rai (in Thai Lie)=1600sq mts...approx.

Land Prices

The highest land prices in Chiang Mai are mostly in municipal zones. Particularly in Muang Chiang Mai, the prices are about 250,000 baht/square wah, the highest of the province.

The lowest land prices are in such districts as Mae Chaem and Doi Tao, as well as Doi Lo sub-district where they are about 10 baht/square wah.

Prices of Buildings

The prices of detached houses in Chiang Mai averaged 46,875.50 baht/square meter. Those of townhouses averaged 4,500.00 baht/square meter. Shop houses were 4,522.22 baht/square meter

The prices of factory buildings average 4,550.00 baht/square meter, or about the same as residential buildings. The maximum price of detached houses is at 4,900 baht/square meter and the minimum price is 5,000 baht/square meter.

The maximum price for townhouses is at 4,650 baht/square meter and the minimum price is at 4,350 baht/square meter.

As for shop houses, the maximum price is 4,350 baht/square meter and the minimum price is 4,800 baht/square meter. The prices of offices and warehouses averaged 5,050.00 baht/square meter and 3,600.00 baht/square meter respectively

Table: Lan Appraisal

Unit Baht:sq.wa District/Minor District

Highest Prices Lowest Prices

Muang Chiangmai 250,000.00 3,000.00

Chomthong 5,000.00 50.00

Chiangdao 3,000.00 75.00

Chaiprakan 6,250.00 150.00

Doitao 1,250.00 10.00

Doisaket 5,000.00 200.00

Fang 5,000.00 75.00

Phrao 5,000.00 150.00

Maechaem 1,250.00 10.00

Maetaeng 5,000.00 75.00

Maerim 20,000.00 250.00

Maewang 3,000.00 150.00

Maeon Minor district 20,000.00 400.00

Maeai 3,000.00 65.00

Wianghaeng 800.00 50.00

Samoeng 3,300.00 30.00

Sankamphaeng 25,000.00 300.00

Sansai 20,000.00 400.00

Sanpatong 12,500.00 375.00

Saraphi 12,500.00 375.00

Hangdong 20,000.00 1,000.00

Omkoi 625.00 25.00

Hod 2,500.00 50.00

Source: Central Validation Authority

http://www.investmentthailand.com/en/PropDet.asp?p=p04

[chanchao]

Reading that sounds an awful lot like it came from some MBA student's 'independent study'.

On points it raises as many questions as it answers doesn't it..

"The maximum price of detached houses is at 4,900 baht/square meter and the minimum price is 5,000 baht/square meter. :

Huh.. the maximum is lower than the minimum..? And where did that figure of a whopping 46,875.50 baht/square meter come from..?

This kind of casts doubt on everything else in the article, though the land prices quoted seem reasonable/possible. One thing it doesn't take into account *at all* is the exact location: Being on a main road, even in a distant sub-district costs more money than somewhere up a field. Then the type of land registration affects price, and the availability of electricity and telephone.. For farm-land, an irrigation source makes a huge difference.

Ok this is all a very elaborate way of saying : Your mileage may vary.

Personally, land that I *liked* (I.e it's nice and not much more than a 30 minute drive out of town) came to between 500,000 and 800,000 baht per rai. Close into town, i.e. off the Canal Road, prices are mostly 6000-8000 baht per square wah. (400 wa's in a rai)

Oh, and those are real units to me. I'd probably convert acres to rai first when evaluating land size/prices elsewhere in the world.

Cheers,

Chanchao

[simba]

Thank's guys that helps alot,

will have to do plenty of shopping around on my return.