{"id":10966,"date":"2021-02-10T14:09:57","date_gmt":"2021-02-10T07:09:57","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10966"},"modified":"2021-06-04T15:59:49","modified_gmt":"2021-06-04T08:59:49","slug":"land-prices-in-greater-bangkok-to-surge-in-second-half-of-2021","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/land-prices-in-greater-bangkok-to-surge-in-second-half-of-2021\/","title":{"rendered":"Land prices in Greater Bangkok to surge in second half of 2021"},"content":{"rendered":"<p><span data-contrast=\"none\">Real Estate Information Center forecasts a promising 2021 for Bangkok <\/span><span data-contrast=\"none\">land-owners<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_10974\" aria-describedby=\"caption-attachment-10974\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-10974 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg\" alt=\"\" width=\"1000\" height=\"750\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_705761815.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10974\" class=\"wp-caption-text\">Fluctuations in land prices in Greater Bangkok is\u00a0the\u00a0result of land prices in locations\u00a0close to\u00a0mass transit lines. PichitTongma\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">According to the\u00a0<\/span><a href=\"https:\/\/www.bangkokpost.com\/business\/2065027\/land-prices-to-spike-in-h2\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Bangkok Post,<\/span><\/a><span data-contrast=\"none\">\u00a0land prices in Greater Bangkok are expected to surge\u00a0<\/span><span data-contrast=\"none\">rapidly in the second half of 2021, partly due to economic recovery.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Vichai\u00a0<\/span><span data-contrast=\"none\">Viratkapan<\/span><span data-contrast=\"none\">, acting director-general<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">of the Real Estate Information Center (REIC), mentioned that Greater Bangkok\u2019s land prices continuously increased in 2020, with a 17.1 percent year-on-year rise in the price\u00a0<\/span><span data-contrast=\"none\">index<\/span><span data-contrast=\"none\">\u00a0of vacant land\u00a0<\/span><span data-contrast=\"none\">in Q4.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">He said that the land price index soared since\u00a0<\/span><span data-contrast=\"none\">2019 but<\/span><span data-contrast=\"none\"> slowed down in Q3 2020 to 0.7 percent growth quarter-on-quarter. <\/span><span data-contrast=\"none\">However, in the fourth quarter, the quarterly margin increased to 7.3 percent. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cNew infections late last year mean the first half index will slightly increase,\u201d said Vichai. \u201cBut with an economic and property market recovery expected, a higher increase as in 2019 will likely be seen in the second half of this year.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As stated by REIC<\/span><span data-contrast=\"none\">, 2018 experienced the highest leap year-on-year for three successive quarters at 32.3 percent, 31.6 percent, and 32.6 percent<\/span><span data-contrast=\"none\">, the largest jump since the\u00a0<\/span><span data-contrast=\"none\">centre<\/span><span data-contrast=\"none\">\u00a0started the survey in 2012.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Vichai said the fluctuations in land prices in Greater Bangkok is\u00a0<\/span><span data-contrast=\"none\">the<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">result of land prices in locations\u00a0<\/span><span data-contrast=\"none\">close to\u00a0<\/span><span data-contrast=\"none\">mass transit lines, wh<\/span><span data-contrast=\"none\">ich spiked two to four times higher than the average land price.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.asiapropertyawards.com\/en\/phukets-mega-villa-property-sector-upswings-by-multi-millions-during-covid-19\/\" target=\"_blank\" rel=\"noopener noreferrer\">More: Phuket\u2019s mega-villa property sector upswings by multi-millions during COVID-19<\/a><\/strong><\/p>\n<p><span data-contrast=\"none\">Land prices near the Blue Line from Bang\u00a0<\/span><span data-contrast=\"none\">Khae<\/span><span data-contrast=\"none\">\u00a0to\u00a0<\/span><span data-contrast=\"none\">Phutthamonthon<\/span><span data-contrast=\"none\">\u00a0Sai 4<\/span><span data-contrast=\"none\">\u00a0was the highest growth rate in Q4 2020 at 67.6 percent year-on-year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The Green Line from Ku Kot to Lam Luk Ka jumped the highest in the land price index between Q4 2019 to Q2 2020, before dropping below the Pink Line\u00a0<\/span><span data-contrast=\"none\">during Q3 2020.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The second-largest increase in Q4 2020 was the Light Red Line from <\/span><span data-contrast=\"none\">Taling<\/span><span data-contrast=\"none\">\u00a0Chan to Sala Ya at 43.4 percent year-on-year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">There were three new mass transit lines that sprung up as the top five of price index growth, including the Gold Line in Thon Buri, the Orange Line from\u00a0<\/span><span data-contrast=\"none\">Taling<\/span><span data-contrast=\"none\">\u00a0Chan to\u00a0<\/span><span data-contrast=\"none\">the\u00a0<\/span><span data-contrast=\"none\">Cultural Centre, and the Blue Line from Hua\u00a0<\/span><span data-contrast=\"none\">Lamphong<\/span><span data-contrast=\"none\">\u00a0to Bang\u00a0<\/span><span data-contrast=\"none\">Khae<\/span><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Information Center forecasts a promising 2021 for Bangkok\u00a0land-owners\u00a0<\/p>\n","protected":false},"author":12,"featured_media":20996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[134,502,557,133],"class_list":["post-10966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-bangkok","tag-land-prices","tag-property-market","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Land prices in Greater Bangkok to surge in second half of 2021 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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