The Greater Bangkok Land Price Index rose by double digits in the first quarter of 2023, driven by higher land prices on the outskirts of the capital


The increase in land prices on the outskirts of Bangkok was higher than in the central areas of the city. Growth rates ranged from 25.7% to 68.2%. The top locations were Nakhon Pathom (68.2%), Bang Phli-Bang Bo-Bang Sao Thong in Samut Prakan (52.4%), Samut Sakhon (39.1%), Muang Pathum Thani-Lat Lum Kaew-Sam Kok (28.7%) and Muang Nonthaburi Pak (25.7%).

A significant reason for the sharp increase in these places was the low base price. Due to affordable land prices, these areas are suitable for the construction of low-rise buildings. Investments in property development along existing and future public transport lines have also contributed to sharp increases in land prices in these areas.

The highest year-on-year increase in the vacant land price index among all locations near existing and future public transport lines was observed in areas near the Purple Line, which runs from Bang Yai to Nonthaburi.



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