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

Caitlin Ashworth

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PHOTO: Unsplash: Paul Szewczyk

Silom Road, Bangkok’s nightlife district, is the most expensive area to buy land in Bangkok, followed by Phloen Chit Road, according to data the Treasury Department gathered from 2016-2019. The pandemic may have fluctuated the prices, but no data on land value for 2020 has been reported by the department. They also say only asking prices were recorded, so it’s unclear how much the price decreased by during negotiations.

On Silom Road, land prices per square wa are up to 1 million baht while land on Phloen Chit Road have been reported to cost up to 900,000 per square wa. A square wa is about 4 square metres. Land on Rajadamri Road ranges from 750,000 baht to 900,000 baht per square wa. The cheapest areas to buy land in Bangkok are farmlands in the Bangkhuntian district. Land prices range from 500 baht to 10,000 baht per square wa.

Properties on Silom Road are also the most expensive in Bangkok. The price for a 170 square wa 4 storey office on the road costs around 155 million baht, according to the data. The highest asking price was 7 billion baht for a 37 storey office building on Sathorn Road.

Here are the top 10 most expensive areas to buy land in Bangkok:

1. Silom Road at 700,000 baht to 1 million per square wa

2. Phloen Chit Road at 900,000 baht per square wa

3. Rajadamri Road at 750,000 baht to 900,000 baht per square wa

4. Rama I Road at 400,000 baht to 900,000 baht per square wa

5. Wireless Road at 500,000 baht to 750,000 baht per square wa

6. Sathorn Road at 450,000 baht to 750,000 baht per square wa

7. Yaowarat Road at 700,000 baht per square wa

8. Thaniya Road, Pattanapong Road, Pattanapong II Road at 600,000 per square wa

9. Narathiwas Rajanakarin Road at 280,000 baht to 600,000 baht per square wa

10. Ratchawong Road, Sampeng Road at 550,000 baht per square wa

SOURCE: Nation Thailand

 

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5 Comments

5 Comments

  1. Avatar

    Rinky Stingpiece

    Monday, September 14, 2020 at 9:06 am

    Prices, prices, everywhere, but not a fop to think.

    In New York, they expect prices in Manhattan to fall about 40% due to changes in working.

    …so much for breathlessly talking up land prices, estate agents can’t defy gravity.

  2. Avatar

    Mark

    Monday, September 14, 2020 at 9:07 am

    Sums up the crazy prices for over supply of units

  3. Avatar

    Toby Andrews

    Monday, September 14, 2020 at 2:01 pm

    Asking prices are not selling prices.
    Buyer previously were counting on recovering their investment, and perhaps making a profit.
    Now the present Thai government has destroyed Thailand’s credibility, the price of this land will fall.
    When foreign buyers take into account the protectionist Thai rules and regulations, which could become worse on the whim of the government, a land, and property buyer will look elsewhere.
    In London a land and foreign property buyer can lay the money down and buy, and have just as many right as a UK citizen.
    The stupid Thais with their racism and greed, have lost that market, perhaps for the next ten years.

  4. Avatar

    Albert Zweistein

    Wednesday, October 7, 2020 at 11:50 pm

    Are they just publishing out of the blue ? Silom is on street level a shabby road.

    • Avatar

      Khun plastic

      Friday, November 13, 2020 at 4:12 am

      It is the hub of the financial services industry if you look up from street level.

      Think the city or wall Street and this area is the Thai equivalent.

      Agree looks a bit shabby at ground level though,part of the charm!

      Some of the small soi’s off it have not been changed for decades and are well worth exploring in the day.lot of history round there.

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Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

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