Price of a rai 2016

[liveforever]

Hello all,

Was just wondering what you guys are experiencing with the price of a rai on chanote land these days (arable or otherwise). I started a post some 4 years ago which seemed informative to all so how have things changed?

Kind regards

[chiang mai]

Wow, so many variables in this one.

 

Mae Rim, rice paddy building land, 15k talang wah (asking), getting 10/12k. (400 talang wah per rai so pushing 5 mill.

 

[The Fat Controller]

Paid 1.1 million for 0.25 rai in residential area of Warin Chamrap, Ubon.

 

Plot is between two houses.

 

Plan is to build an 18 room apartment block.

 

 

[blackcab]

760 million per rai (assuming you can actuallt get a rai) next to the British Embassy.

[juehoe]

In Khao Tao (Hua Hin) about 2 million back in 2006 and now 10 million and more.

In Hua Hin itself the beachfront price raised from 30 million to now 200 million and more.

In rural, remote areas the rai cost about 1 million, but no road, nor water and electricity.


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[blackcab]

The company I work for has 1 rai in Cha Am for sale. It's absolutely on the beach.

 

95 million.

[liveforever]

Does anyone have any idea on chanote paddy land rai price with good access between buriram/surin please.

[madmax2]

The thing is that the land they are trying to sell at ridiculously high prices which they increase every year even though they could not sell it at the previously high price has no infrastructure

In Phuket where we live they have increased the price in the last 4 years from 6m a rai to 12m or more and its not selling 

I am talking about land which may or may not have access to electricity and nothing else

No made road or water supply and quite likely to flood or get eroded away in the rainy season if you try to clear and develop it 

The agents here do not seem to have a clue how to value a property and just list for the owners asking price which seems to be up to twice its value

Typical example is a house on approx 400 sqm land , same age and design varying in asking price from 13m to 7m baht and they cannot sell any of them

Its cheaper to buy a established home than a block to build on in the same area quite regularly 

 

[chiang mai]

Can we get this thread back on track, I'm also curious to learn what current prices are.

[Strange]

3 minutes ago, chiang mai said:

Can we get this thread back on track, I'm also curious to learn what current prices are.

 

Surin Province 5 years ago, bought 2 Chanotes of 1 ngnaan each, or 1/2 Rai, with power, water, and internet available right on a concrete street that was undeveloped for 350K, and it didn't need any fill soil. I still added 600cm though. 

 

Now, the same area, you can not find 1 ngnaan for less than 500-600K and thats usually gonna need power brought in, a well drilled, probably at least a meter or more of soil. 

 

And Thais were buying it. I could not build a house for myself of anything less than 1/2 rai, so at the current price its about a million baht per 1/2 rai. Thats $30k. Too rich for my blood as a florida guy when you can't own it and its still in a 3rd world country, and in a semi-rural area of a 3rd world country to boot. 

 

Nobody is buying right now though. Lots of stuff for sale at this price and just sitting. Thais don't care, they will sit on it for 20 years before marking the price down. 

[ubonjoe]

13 hours ago, liveforever said:

Does anyone have any idea on chanote paddy land rai price with good access between buriram/surin please.

I have removed some off topic and some bickering posts between members.

I have moved it to the Isaan forum for local info.

[Rc2702]

Kaidee is great for checking this stuff out regionally.

[chrisandsu]

I have half a rai in ban Chang rayong , has government water right next to it , electric , paved road and fenced right next to the garden international school for 1.7 million . Perfect building lot . Why would anyone pay 1 million baht a rai of rice paddy ? Location location location 

[Get Real]

Between Surin-Buriram you can get a fair price from about 350K up to 550K per rai. Depending on how close you want to be to the cities the price will go up.
In almost all cases outside city you will have to add water, electricity and make a land fill of approx. 1 meter.

[Strange]

2 hours ago, Get Real said:

Between Surin-Buriram you can get a fair price from about 350K up to 550K per rai. Depending on how close you want to be to the cities the price will go up.
In almost all cases outside city you will have to add water, electricity and make a land fill of approx. 1 meter.

 

Yep, but after its all said and done, land-fill (gets REALLY expensive, huge consideration), paying for power to be brought in, water well, etc... Sometimes works out more expensive than buying an "expensive" piece closer to town. 

 

And forget about having a good internet connection or strong electrical supply. 

[Get Real]

1 minute ago, Strange said:

 

Yep, but after its all said and done, land-fill (gets REALLY expensive, huge consideration), paying for power to be brought in, water well, etc... Sometimes works out more expensive than buying an "expensive" piece closer to town. 

 

And forget about having a good internet connection or strong electrical supply. 

You are right! I just took a little bit, and mostly everything gets better with a piece of land in or close to the city. Just get closer to many things that we need on a daily basis.

[chrisandsu]

Also once you bring the water/electric in every tom

dick and Somchai will be hooking up to the utilities that you bought in without a mention of sharing the costs . 

[Rdrokit]

Bought 5 rai in Non Sung city limits 10 years ago for 120,000/rai. It was on a dirt road with no power access. Since then they have paved the road and added power. Now up to 1 million/rai. 

[mick220675]

We have just had some land valued last week at the land registry office Buriram.  Farm on a black road with electricity and village water 300,000/rai.

 

I have herd of similar land selling for much less and have been offered similar land for much more. 

[elgordo38]

On 12/13/2016 at 3:48 PM, The Fat Controller said:

Paid 1.1 million for 0.25 rai in residential area of Warin Chamrap, Ubon.

 

Plot is between two houses.

 

Plan is to build an 18 room apartment block.

 

 

Hugs and kisses from the owner??

[elgordo38]

On 12/14/2016 at 0:56 PM, madmax2 said:

In Phuket where we live they have increased the price in the last 4 years from 6m a rai to 12m or more and its not selling 

Patience patience is the answer. Its obvious they are not in a hurry to sell. 

[elgordo38]

On 12/15/2016 at 9:34 AM, chrisandsu said:

Also once you bring the water/electric in every tom

dick and Somchai will be hooking up to the utilities that you bought in without a mention of sharing the costs . 

Yes they will piggyback you without a thank you. 

[elgordo38]

G/F bought 2 rai of land in Chiang Mai rural area. Has electric access chanote earth road no flooding problems 400,000 bahts. 

[whatproblem]

I got 4 rai in between buriram and surin with 3 houses on it ,1 good house ,1 guest house and caretakers house ,200 meter road frontage and you can have it all For 2 1/2 

[spidermike007]

On 12/13/2016 at 9:04 PM, juehoe said:

In Khao Tao (Hua Hin) about 2 million back in 2006 and now 10 million and more.

In Hua Hin itself the beachfront price raised from 30 million to now 200 million and more.

In rural, remote areas the rai cost about 1 million, but no road, nor water and electricity.


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And the amazing part of the Dark Tao conspiracy, is that they are all fake land deeds. The entire island is leased land. So, they have been paying off the land office for decades, to create these fake deeds. The crimes continue to this day.

[whatproblem]

In the sticks you can still get land  for 100,000 with chanote ,they all overvalue and it takes them 10 years or more to sell unless they find a farang and give misses a backhander

[misterphil]

Saraburi

 

1 rai of building land near main road, paved road to land, electric, water, drainage and internet. 1.1mil

 

4 rai paddy rice land off main road, no amenities 400,000. 

 

 

[how241]

Not many are talking about the different types of Chanotes... The full (Red Bird) chanote,  which is the highest and strong form of lad ownership,  will usually cost more... This land has been GPS recorded in the land office and on one can make a claim against it...

[ljd1308]

My wife has about 19 rai of land in Petchabun(Si Thep) they grow sugar cane on, any guesses to its worth?

 

She reckons it is only worth around 400k total, but looking at prices on here that seems low.

[samuibeachcomber]

How long is a piece of string?

Seriously go to the area you want to buy and check it out .

You want residential it'll be more than a farming land.

If its in a crap village no amenities it'll be cheaper than in a nice village with good roads,maybe have a 711 etc.

Your question is impossible to answer.