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If you have money to burn, a few extra billion baht in your account or a very friendly banker, you might consider buying property in the Siam Square-Ploenchit area. 

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The most expensive land in Bangkok is found right here: the Siam Square-Ploenchit area.


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Bangkok land prices

If you have money to burn, a few extra billion baht in your account or a very friendly banker, you might consider buying property in the Siam Square-Ploenchit area.

There, according to a survey by Agency for Real Estate Affairs (AREA), you will find the highest land prices in Bangkok – and probably Thailand. Land prices there are approximately 1.5 million baht per square wah (four square metres), or 600 million baht a rai (1,600 sq m or 400 sq wah).

The surrounding area isn’t cheap either. The Witthayu Road-Sukhumvit Soi 1-21 area is the second most pricey, at 1.3 million baht per sq w, or 520 million baht/rai and the Silom - Ratchadamri area is third at 1.25 million baht a sq w, or 500 million baht/rai.

The lowest land value in Greater Bangkok is in the area around Liab Klong 13 Road, at 2,500 baht a sq w, or one million baht/rai, while the area near Bangsai Arts and Crafts Centre is next cheapest at 4,600 baht a sq w or 1.84 million baht/rai.

Overall, AREA says, land prices in Bangkok have rise by 3.7% in the past year.

AREA reported that land around The Mall, Bang Kae branch, has increased the most in one year (33%) in  rising from 105,000 to 140,000 baht per sq w. Land around Liab Klong 13 Road has fallen the most in five years from 3,500 to 2,500 baht per sq w.

AREA president Sopon Pornchokchai  said areas near public transport and areas in the central area of Bangkok have had an exceptionally high land value increase.

Land near the On Nut-Bearing BTS extension line is up 14.9% over the past year, while land near the MRT's blue line had a 14% increase, and near the MRT's purple line, values had gone up 11.5%.

Adapted from a story on bangkokpost.com

money to burn – having a very large amount of money so that you can buy almost anything you want
(bank) account – a written record of money that a person has in a band บัญชี
consider – to give careful thought to something before making a decision พิจารณา
property – land owned by someone ที่ดิน, อสังหาริมทรัพย์
survey – the act of examining and recording available information การสำรวจ, การหาข้อมูล
real estate – property อสังหาริมทรัพย์
approximately – used to show that something is almost, but not completely, accurate or correct โดยประมาณ
surrounding – all around a place  บริเวณรอบๆ
cheap – costing little money or less money than you expected ถูก
pricey – very expensive ซึ่งมีราคา, แพงมาก
overall – total; including all the things or people that are involved in a particular situation; general  ทั้งหมด
public transport – the system of buses, trains, etc. provided by the government or by companies, which people use to travel from one place to another ขนส่งมวลชน
exceptionally – unusually strong, high, good, bad, etc. อย่างมาก, พิเศษ
extension – something that is added to make something longer, bigger, etc. การยืดออก, การยืดขยาย, การเพิ่ม

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