BANGKOK, 15 July 2012 – The Treasury Department is preparing to survey the capacity forreal estate-based economies in every province, with a projected completion time no more than three months from now.
Treasury Department Director-General Mr. Narit Chaiyasut stated that, for the first time in 12 years, he has ordered officials to survey every province regarding its capacity for real-estate based economies. The survey should take no more than 3 months. Furthermore, in regards to the value of government properties, the Treasury Department has adjusted property values to reflect the present circumstances in several provinces that were unaffected by the recent flooding. Treasury Department officials in each province have been asked to adjust its property values accordingly, and the adjustment is expected to finish before the end of the year.
The Treasury Department’s move is in line with the government policy of maximizing benefits for citizens, allowing citizens to rent, reside on, and farm on government land at fair rental prices.