Agency for Real Estate reveals the price of land at Asoke intersection, golden location, ranked 'TOP5', the most expensive location. The land is 2.9 million baht per square wah or 1,160 million per rai, equal to Witthayu Road. Benefit from BTS and MRT

From a survey of land prices by Agency for Real Estate, it was found that Asoke intersection is the area of the rich or Beverly Hill in Thailand, the land price is 2.9 million per square wa or 1,160 million baht per rai. The owner of the land was an old rich man. The price is the same as Wireless Road by virtue of the BTS and MRT. become a prime location The top five most expensive locations compared to the downtown area.

In the past year 2022, Agency for Real Estate Affairs has evaluated land prices in the 10 most expensive locations. For the most expensive land price per square wah for land of approximately 4 rai, as follows:

No. 1 Siam Square Square Wah 3.5 million baht or 1,400 million baht per rai

No. 2 in Chidlom, priced at 3.3 million baht per square wah or 1,320 million baht per rai.

No. 3 Ploenchit price 3.3 million baht per square wah or 1,320 million baht per rai.

Ranked 4 in various fields, the price is 3.3 million baht per square wah or 1,320 million baht per rai.

No. 5 Asoke intersection, price 2.9 million baht per square wah or 1,160 million baht per rai.

Ranked 6, the radio price is 2.9 million baht per square wah or 1,160 million baht per rai.

Ranked 7 in Phrom Phong, the price is 2.6 million baht per square wah or 1,040 million baht per rai.

Ranked 8, Sukhumvit 21, priced at 2.53 million baht per square wah or 1,012 million baht per rai.

Ranked 9 in Silom, the price is 2.5 million baht per square wah or 1,000 million baht per rai.

Ranked 10th in Sathorn, the price is 2.2 million baht per square wah or 880 million baht per rai.

At the same time, Agency for Real Estate Affairs has analyzed land prices in 10 such locations that

No. 1: Siam Square This location is the best retail location in Bangkok or all of Thailand, especially for trendy international products. It is like the Orchard Road area of Singapore that combines shopping malls. There are many shopping centers together. Including hotels that will facilitate tourists and the general public. The more electric trains expand out of the city. The more it will attract more people to the city center. This location has become more outstanding.

No. 2, Chidlom, No. 3, Ploenchit, No. 4, Nana All 3 locations are along the 6th cycle Chaloem Phra Kiat BTS SkyTrain (Green Line BTS) price of 3.3 million baht per square wah. This location is similar to Siam Square. And there will also be many new shopping center development projects, making this area equally outstanding. and make it the area with the top shopping places in Thailand

No. 5 Asoke intersection, this area, both around the BTS and MRT stations, costs 2.9 million baht per square wah or 1,160 million baht per rai, it can be seen that prosperity spread along the BTS sky train and this area is the area for the rich or being The Beverly Hills neighborhood in Los Angeles, Thailand. Owners of land in the alleys or at the mouths of alleys that used to be owned by old millionaires are now increasingly owned by foreign investors. There are many 5-6 star hotels.

However, even though Asoke intersection is the location where the land price is the 5th highest (2.9 million baht per square wah), but if it is in the middle of the alley (road) Sukhumvit 21, it is in the 8th place with a price of 2.53 million baht per square wah or 1,012 million per rai. baht, because it is not the intersection of development (TOD) as in Location 5, although there is an underground MRT train.

6th place, Witthayu has the same price as the Asoke area The price is 2.9 million baht per square wah or 1,160 million baht per rai. But it is in a prosperous area with office buildings, 5-star hotels, and in the future there may be further development of large plots of land.

7th place, Phrom Phong, price 2.6 million baht per square wah or 1,040 million baht per rai, wheeling along to 5th place is Asoke along the BTS line and this area is considered Mid Town, like in the island of Manhattan that is prosperous. very high led by the Emporium-EmQuartier Shopping Center And is considered a high-rise residential area from low-rise 60 years ago to become an expensive residential building. which is about 300,000 baht per square meter or more

Rank 9 Silom, price 2.5 million baht per square wah or 1,000 million baht per rai, although Silom is a financial center area. There are many financial institutions' headquarters. But the office space can be rented at a lower price than retail space. And with only 1 electric train (BTS) passing through, causing the price of land to fall to only 2.5 million baht per square wah, which is ranked 9th in Bangkok.

The 10th place is Sathorn, whose land price is 2.2 million baht per square wah, or 880 million baht per rai, because it is a road with a BTS train passing part of it, but land development is not as intense as Silom. therefore making land prices slightly lower

While the market price of land in the city center is as high as 3.5 million baht per square wah. But the appraisal price of property for registration of rights and juristic acts in Bangkok Instead, the highest price is only 1 million baht per square wah. And this price has been used for a long time.

While the market price has been at 1 million baht per square wah since 2009 or about 13 years ago, the land price according to the official appraisal price is 3 times lower than the market price! However, in the case of residential units The official appraisal price and the market price may not differ much. or may be close to the market price

Source:https://www.bangkokbiznews.com/property/1081162

Date 31/07/2023