Price of rubber plantation per rai

[Mark1971]

Thanks Bosse...but I've been here to long for that. I already think it's over priced. Even at 3 million, the ROI of 6.3% doesn't make sense.

Why would ANYBODY consider paying that much for this plot of land considering the poor prospect of future return?

My question is "Am I missing something?"

3 Million Baht for 30 Rai of good Rubber trees, on Chanote land title is a resonable investment for a local Thai family who want to tap the trees themselves.

Excluding speculation on future land value, which is very specific to the local area.

As a plantation owner it is a marginal investment at best.

As a farang who can't even own land in Thailand, it isn't even worth considering.

5.5M Baht for 30 Rai = 183k Baht / Rai

10 Years ago the same land was selling for 18k Baht / Rai