The Treasury Department has released a new list of land price appraisals, citing Silom as the most expensive area in Thailand. The new price appraisals are effective from July 1st onwards.
Deputy Finance Minister Wirun Techapaiboon said the ministry has told the Treasury Department to enforce the new price appraisals on July 1st this year until 2015. The new price was scheduled to be enforced in January this year, but was delayed by another six months due to the flood crisis in 2011. He said the ministry will no longer delay the enforcement of the new price appraisals given the situation in the nation has returned to normal now.
Silom will remain the most expensive area in the kingdom, appraised at 850,000 baht per square wa, a 31% increase from the current price of 650,000 baht.
Land prices on Ratchadamri (from Ratchaprasong Intersection to Khlong San Saeb), Rama I, and Ploenchit Roads will be appraised from around 400,000 baht to 800,000 baht per square wa.
The highest land price in the South will be in Hat Yai District of Songkhla, at 400,000 baht per square wa.
In the North, the most expensive area will be Muang District of Chiangmai, which will go for 250,000 baht per square wa. Meanwhile, Muang District in Khon Kean Province will be worth 200,000 baht per square wa , the highest in the Northeast.
The new appraisal list will cause housing transfer and registration fees to go up in accordance with the new appraised prices. (NNT)