Thai Border Prices Stabilise

Thai Border Prices Stabilise

High land prices on the Thai border are expected to stabilise in coming years, according to the Real Estate Information Center (REIC).

Property transactions in Sa Kaeo and Trat respectively dropped by 3.9 percent to 3,847 and by 4.3 percent to 1,697 in the first nine months of 2015 as investors wait for a clear SEZ development plan from the government.

Land near the Cambodian border in Aranyaprathet has soared in value, driven by booming trade at Rongklua market. Locations near the market fetched the highest prices of 10 million baht per rai due to strong demand from Thai, Chinese, Taiwanese and Korean investors.

In Trat, land prices in Mai Root subdistrict of Khlong Yai near the Cambodian border soared four times after the area was named as an SEZ.

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