Land Rates / Mukdahan

[corkman]

Dear All,

 

Does anyone know of any published land cost rates, for farm land in Isaan? Specifically Mukdahan, about 45km from the city, within 1km of the Mekong.

 

Finally, the land is only worth what someone will pay for it, but if there was a somewhat independent and recognized 'rule of thumb' such as cost per rai, that would be a very helpful starting point.

 

Many thanks in advance.

 

[NanLaew]

600,000 baht/rai +/-10%

[cooked]

Impossible to answer, there are so many variables. It depends on who buys it and why, quality of soil, access to water and usable all season roads...

‎฿600 000 is a reasonable stab at it.

[NanLaew]

2 hours ago, cooked said:

Impossible to answer, there are so many variables. It depends on who buys it and why, quality of soil, access to water and usable all season roads...

‎฿600 000 is a reasonable stab at it.

There's also the type of chanote (title) to consider as well... if it has one!

 

Yes, it seems like a good, safe, nationwide ballpark figure as I have no specific knowledge of the area the OP is asking about.

[Issangeorge]

I know land prices have gone up, but ฿600,000 a rai is rediculous for farm land. I think ฿100,000 would be closer to the value, so figure somewhere in between.

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[CharlieH]

Considerations:

Location ?

Near a main road? (How far)

Water supply?

Electricity Supply?

Other residents how close? 

Access road ?

Who selling/why ?

What paperwork ?

 

Any and all of those will impact the price.

There is no "one size fits all"

[jeab1980]

All answers so true in the end it's worth what the seller will take and how desperate they are to get some money. 

My advise do not get involved with negotiations see farang or get a whisper farang is involved price is suddenly stupid money. We (because most people know my Mrs in our village and surrounding villages. Keep well out of it we get a friend from another province down to do the negotiation we give her a price we won't go above she haggled if she gets it cheaper we half the savings between her and us. Works a treat we have a good idea how much anyway so it's never usually more than 20 50k difference. Last week we bought 8 acre of farm land currently in sugar cane. Good road access and water lakes on land. 750000k so just under  100k an acre. Deal was they keep the sugar cane profit for the next year's crop I belive this year they got 200000k. Suits us they have just replanted sugar this year so we should get another 2 years out of it after next year. So if plans work out after 3 years we will have recived 400000 in sugar cane monies so the land will have cost us 350k With minimal work on it. 

Edited April 23, 2017 by jeab1980
Wrong figures entered

[corkman]

Many thanks for the replies.

 

Without a saga, the brief background is this. It is my wife's land. We are in the process of getting divorced. The land has been sitting there for 10yrs or so. It has (public) dirt road access with culvert water supply, usually used for rice. No electric. As part of the settlement, we'll be evaluating assets. Obviously the more it is worth the better for me, and the worse for her - so I am trying to get a feel for what to expect.

 

As such, no actual money will be changing hands. But the marriage (hence divorce) is being processed by an Irish court. So they will consider the value in offsetting other assets and liabilities.

[jeab1980]

Good luck will be sold to family at 25%value long before it goes to court.

[CharlieH]

13 minutes ago, corkman said:

Many thanks for the replies.

 

Without a saga, the brief background is this. It is my wife's land. We are in the process of getting divorced. The land has been sitting there for 10yrs or so. It has (public) dirt road access with culvert water supply, usually used for rice. No electric. As part of the settlement, we'll be evaluating assets. Obviously the more it is worth the better for me, and the worse for her - so I am trying to get a feel for what to expect.

 

As such, no actual money will be changing hands. But the marriage (hence divorce) is being processed by an Irish court. So they will consider the value in offsetting other assets and liabilities.

In that case the biggest single asset will be the paperwork. Chanote? other than that its basic agricultural land, no road, no mains water, no electricity etc. Hope its not part of a bigger parcel of land with basic paperwork as that will drive it down further.

[corkman]

yes. it has a Chanote. to be honest, it will be very hard to "prove" anything so its probably going to be a case of negotiating and assumed value. My initial position is to get an idea what it is "worth", add 20%, and then expect her to say its worth half..... which is what I'll agree to.  

[CharlieH]

3 minutes ago, corkman said:

yes. it has a Chanote. to be honest, it will be very hard to "prove" anything so its probably going to be a case of negotiating and assumed value. My initial position is to get an idea what it is "worth", add 20%, and then expect her to say its worth half..... which is what I'll agree to.  

At the end of the day its just farmland and my guess, to another farmer, no more than 50k per rai.

[swissie]

On 28.4.2017 at 0:08 PM, CharlieH said:

At the end of the day its just farmland and my guess, to another farmer, no more than 50k per rai.

Yeah, just farmland with little infrastructure.

Compare: Farmland 2 hours Northwest of BKK, with city water, electricity, adjacent to paved road in a booming resort area (105 Resorts in the area, very popular with the Hi-So crowd from BKK), this 1 Rai farmland plot with Chanote sold for 120'000 Bht recently.

600'000 Bht per Rai was mentioned in this thread. An "adventurous" price, to put it mildly.

Or is this the price of land, that Thai Families charge Farang-Husband-Investors these days? Oh boy...!
Cheers.