value of land in Mablethorbe

Post by **PAINTER01** » Wed May 09, 2007 11:40 pm

When in HH last month I was told that 1 rai up by the temple of soi 102 is now 6-7 mill baht

Post by **STEVE G** » Thu May 10, 2007 12:18 am

Painter01, thatâ€™s a lot of money, is that on a hill with a sea view or something?

Post by **PAINTER01** » Thu May 10, 2007 12:44 pm

Yes that is on a hill with a sea view but not a full view as its obscured by other developments and condos's.

Post by **Onlyme** » Fri May 11, 2007 12:59 am

To anyone reading the previous posts........Take them with a pinch of salt!
ESPECIALLY if YOU are coming to Thailand to retire.
The stated prices for land could be way off the mark. I know where you can buy land ( can't own if you're a foreigner) far cheaper than the previously stated prices, access to electric and gas.
Buyer, beware!
Don't believe all the "bullshit" you read on these pages!
Onlyme.

Post by **STEVE G** » Fri May 11, 2007 1:17 am

Iâ€™m sure some developers around could think of a reason why 1 rai is worth 6-7 million baht, but I certainly wouldnâ€™t pay that sort of money for it. As Onlyme says, there are areas not so far away where that sort of money would buy you a country estate.

Post by **Onlyme** » Fri May 11, 2007 1:20 am

Or even buy a C**** an estate!

Post by **Guess** » Fri May 11, 2007 3:54 am

STEVE G and Onlyme are both right in my opinion.

To add my bit, the OP was very vague. Land 100 meters from another piece of land can sell for double the price for no obvious reason.

I am sure that there are plenty of bits of land that can be picked up for 1 million Baht per Rai within 5 km of Hua Hin center but they will be running out soon and that price will require that you buy a multi rai plot.

The price differentials in this region are probably as great as anywhere in the world. I was offered land for 60,000 Baht per Rai just the other side of the by-pass only two weeks ago.

In Nebkerhardt road there is a plot that is about 1,5 Rai that is up for sale at 70 million Baht.

I understand that there are smaller plots that are even more per Rai.

The restriction imposed on some farang purchasers has had a minor impact but if there is a slow down in lad price rises is is more likely to be connected to the general lowering of consumer confidence.

The vast majority of land transfers in this region are Thai to Thai or to be more precise Chinese Thai to Chinese Thai. Virtually all the high value plots in central Hua Hin are owned by a group of wealthy Chinese Thai families or the SRT.

Post by **JimmyGreaves** » Fri May 11, 2007 9:34 am

PAINTER01 wrote:When in HH last month I was told that 1 rai up by the temple of soi 102 is now 6-7 mill baht

Never seen a temple on Soi 102. it's a straight road running from Petchakasem and now nearly through to another main road albeit alot of dirt at the far end and now a few semi lakes to navigate

. Enlighten me

Post by **PAINTER01** » Fri May 11, 2007 11:06 pm

Apologies Soi was 116 and that was the definite price being touted to me.
As an aside I pulled out of my "land purchase" because of the associated problems everybody is aware of now. My villa was sold on straight away to a Farang perchaser with a 50% increase in the price to what I would of paid if I had gone through.

All the agents told me whilst there that they were still busy, whether this was true I do not know.
From my observations from being there in Sept last year some prices have gone up and some hadn't. With the same ratio being applied to properties being sold over the same period (if that makes sense).