Mr. Vichai Wiratthakpan, the inspector of the Government Housing Bank and acting director of the Real Estate Information Center (GHB), revealed the results of the land price index for undeveloped land in the fourth quarter of 2018. The index for undeveloped land in the Bangkok and surrounding areas stands at 223.2 points, an increase of 1.8% compared to the previous quarter, which was at 219.2 points, and a 32.6% increase compared to the same period last year, which was at 168.3 points. 

 

          This increase is attributed to the rising prices of undeveloped land near the construction routes of the electric train, particularly along the Green Line (Bearing-Samut Prakan). The top five locations with the highest increases in undeveloped land prices are as follows: the Phra Khanong-Bang Na-Suan Luang-Pravej area saw a 61.82% increase, Samut Sakhon increased by 56.1%, the Rat Burana-Bang Khun Thian-Thung Khru-Bang Bon-Chom Thong area increased by 55.24%, Nakhon Pathom increased by 55.1%, and the Bang Krui-Bang Yai-Bang Bua Thong-Sai Noi area increased by 49.8%.

          However, when considering specific locations with electric train routes, the top five areas with the highest price increases are: the Green Line (Bearing-Samut Prakan) with the highest increase of 44.6% due to the completion and opening of the service, leading to higher land prices along this route. The Green Line from Samut Prakan to Bang Pu, which is a future project yet to begin construction, also saw a 44.6% increase. The Blue Line (Bang Khae-Line 4) increased by 35.84%, the BTS Sukhumvit Line increased by 34.3%, and the Dark Red Line (Hua Lamphong-Mahachai) increased by 30.2%.

 

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