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Published on December 28, 2007

Puntip Surathin, director-general of the Treasury Department, yesterday announced land valuations used for tax calculations between 2008 to 2011.

In Bangkok, the average price went up only 5.76 per cent. The highest was on Silom Road, where each square wah was worth Bt650,000, while the lowest was in Nong Chok worth only Bt260.

The average land price outside Bangkok jumped 26.97 per cent.

The department takes into account land use, the environment and economic conditions, Puntip said.

Among the regions, the average land price in the South rose sharply by 85.79 per cent.

Among provinces, land in Songkhla's Hat Yai was worth Bt400,000 per square wah. The lowest price was in Ranot district of the same province at only Bt15 per square wah.

Prices in the Northeast rose 22.97 per cent. A square wah in Khon Kaen's Muang district cost Bt200,000. But land in Sakhon Nakhon's Song Dao district and Chaiyaphum's Phakdi Chumpol district cost only Bt20.

Land in the North increased to an average price of 15.43 per cent. The dearest price in Muang district of Chiang Mai was Bt250,000 per square wah but in the same province land in Doi Tao, Mae Chaem, was worth only Bt10 per square wah.

In the central-eastern region, average land prices rose 11.71 per cent. The highest price in Muang district of Samut Prakan was Bt140,000 per square wah, while land in Sangkhla Buri district of Kanchanaburi cost only Bt10 per cent square wah.

The department reviews land valuations every four years. It evaluates 5.12 million plots in Bangkok and 3.32 million plots upcountry.

Wichit Chaitrong, The Nation