Prices Rise on Land For Sale in Koh Samui
The Thailand Treasury Department has revealed government estimates which overwhelmingly suggest that land for sale in Koh Samui in the southern part of Thailand have increased overall by a substantial amount, their figures give 85.79 percent over an average nationwide increase of 26.9 percent.
Koh Samui Land Valuations
The Director General of the Thailand Treasury Department, Khun Puntip Surathin, announced the Samui land valuations for tax calculations during the period 2008 to 2011. The Thailand Treasury Department reviews land valuations every 4 years and evaluates well over 5 million plots in Bangkok and more than 3 million plots country wide. The Thailand Treasury Department reaches the figures reported by collating the information recorded in its extensive surveys and takes into account the exact use the particular land for sale in Koh Samui is being put too, the local environment and current economic conditions.
Land Cost Rises on Koh Samui
In stiff contrast to the southern Samui land prime cost hikes, the average Bangkok land price increased by just under 6 per cent. Still, the values that have been placed on land for sale in Koh Samui and land for sale nationwide differed greatly across various areas, for example Bangkok observed prices ranging from Bt 260 per square wah in Nong Chok to Bt 650,000 on or near to Silom Road.
Land Prices Increase in the Province of Issan
Amongst the Thai provinces, land for sale in Hat Yai, Songkhla was put at a value of Bt 400,000 per square wah. Ranot district was one of the cheapest places in the country to buy a plot of land. Prices were also on the increase in and around the large Northeastern province of Issan, which price hikes estimated at a level of 22.97 per cent. A square wah in Khon Kaen’s Muang district cost Bt 200,000. However, there were again variations within the region with land in Sakhon Nakhon’s Song Dao district and Chaiyaphum’s Phakdi Chumpol district priced at at a lot lower rate.
Chaing Mai Sees Large Land Price Increases
Land in the North of Thailand increased to an average price of 15.43 percent with the most expensive land being in the Muang district of Chiang Mai, which was priced at Bt 250,000 per square wah. However, land in Doi Tao, Mae Chaem, which is in the same province as the northern city’s Muang district, was estimated to be worth a lot less.
In the Central Eastern region of Thailand, average prices of land for sale in Koh Samui rose 11.71 percent with the highest price rise nationwide recorded in the Muang district of Samut Prakan at Bt 140,000 per sq wah. The diversity within individual regions was again evident, with land in the Sangkhla Buri district of Kanchanaburi costing only a fraction of that in Samut Prakan.