housing boom

[BEVUP]

Just thought i would update the status in Korat

Looked at property within 1 - 2 km of Mall & hospital (city centre) ect a year ago in some new Moo Baans

Ok didnt purchase then but have just done so

3 brm / 3 bth double story for 3 min - All the single story 3br / 2bth sold 2.1 mln - 2.4 sold

Noticed land price per Talang Wah (4m2) on the (Yard) around house went from 29000 to 35000 = up 6000 bht or app 20 perc

And they say it will keep rising

I tried to explain to developer that Thailand have many so must come down soon

So whats the go in other areas

OH & not in a low lying area of the Muang

[PattayaPhom]

I you think they must come down, why did you purchase, surely would be best to wait...or do you really believe they will keep increasing

[rgs2001uk]

Meanwhile, back in the real world, you could have bought land for at least 25-30% cheaper outside of a moo baan.

3 brm / 3 bth double story for 3 min - All the single story 3br / 2bth sold 2.1 mln - 2.4 sold

Noticed land price per Talang Wah (4m2) on the (Yard) around house went from 29000 to 35000 = up 6000 bht or app 20 perc

Lets assume, using your figures, 29k per tw, average cookie cutter house on say 60 t/w, thats us at about 1.8 million, gawd knows what sort of quality house you will get for 3 million - 1.8 = 1.2 million, that doesnt even factor in the developers profit.

Head to Pak Tong Chai, the land is cheaper.