Silom Road tops as the most expensive area to buy land in Bangkok

Lands on Silom Road are the priciest, according to data on estimates in Bangkok gathered from 2016-2019 and reported by the Treasury Department on its website.

Silom had the highest estimated price at Bt700,000-Bt1 million per square wah (4 square metres), followed by lands on Phloen Chit Road (Bt900,000 per sq.wah) and lands on Rajdamri Road (Bt750,000-Bt900,000 per sq.wah).

Meanwhile, the cheapest lands in Bangkok are farmlands in Bangkhuntian district, which are estimated at Bt500-Bt10,000 per sq.wah.

The 10 roads with the costliest lands in Bangkok are:

1. Silom Road (Bt700,000-Bt1 million per sq.wah)
2. Phloen Chit Road (Bt900,000 per sq.wah)
3. Rajdamri Road (Bt750,000-Bt900,000 per sq.wah)
4. Rama I Road (Bt400,000-Bt900,000 per sq.wah)
5. Wireless Road (Bt500,000-Bt750,000 per sq.wah)
6. Sathorn Road (Bt450,000-Bt750,000 per sq.wah)
7. Yaowarat Road (Bt700,000 per sq.wah)
8. Thaniya Road, Pattanapong Road, Pattanapong II Road (Bt600,000 per sq.wah)
9. Narathiwas Rajanakarin Road (Bt280,000-Bt600,000 per sq.wah)
10. Ratchawong Road, Sampeng Road (Bt550,000 per sq.wah)

Properties on Silom Road are also one of the costliest in Bangkok. A four-storey office of 170 sq.wah on Silom Road could go for up to Bt155 million, or around Bt900,000 per sq.wah. Meanwhile, the recorded highest asking price of land and property sale in Bangkok is a 37-storey office building on Sathorn Road, area 4 rai and 8 sq.wah, with asking price of Bt7 billion or Bt4.35 million per sq.wah.

The department also mentioned that it had recorded only the asking prices of land and property, which might go down during negotiations.

Source: The Nation