Land prices see sizeable hikeLand prices in the fourth quarter of 2019 resumed double-digit growth as developers fled the intense condo market and chased plots to develop more low-rise housing projects. According to the REIC, the price index of vacant land in Greater Bangkok in the fourth quarter soared by 27.6% from the same quarter of 2018. "The increase in vacant land price in the fourth quarter was attributed to locations near terminal stations of mass transit lines that are going to open soon," Mr Vichai said. The third-highest rise in vacant land price was in Taling Chan-Salaya near the Light Red Line. The location saw a rise of 15.8% in the fourth quarter.

Source: Bangkok Post February 09, 2020 23:38 UTC