Land Prices in Udon Thani

I've found a plot of land I would like to buy outside Udon's ring road. It's 5 minutes from Big C and not far from the horse racing track. The land is unfilled, approximately 200 talangwa and the road it's on is unpaved. It's up for sale at 600,000 baht.

I've no idea the price of land in Udon and my wife's knowledge of land prices is limited to farming land 40 or so clicks outside the city. Therefore does 3,000 baht per talangwa look like the right price? Is there an official land price guide or is it simply up to the seller what he charges?

Sounds ludicrously expensive IMO... I'm about 5Km outside the ringroad, got double that size land, raised up but not walled off... 150K.

There is no official price guide for land prices, it's what is negotiated for each transaction.

The land you have identified looks very expensive to me. I know that land close to Big C tends to be expensive because it was the first area populated by many farang, but I have two parcels of land which are both 4 km outside the ring road. They are closer to Lotus and Carrefour than big C, but can't say that makes much difference to me. One piece of land is on a paved road and I paid 200k per rai for it. The other is close by but on an unpaved road, so the price was 100k per rai. Both have access to electicity and water. Of course, as a farang I paid a premium.

Two other farangs have since bought building plots faily close by (I can see the new houses from my balcony) and I understand they each paid about 250k for 1 rai, but that is hearsay from locals rather than from the farang themselves.

Land that can be used commercially is more expensive, also if it is on a main road (because it can then be used commercially), so maybe that is why the asking price is so high?

With so much land close to the ring road available, IMHO I think you could find a nice piece for a more reasonable price.

Sunny
That is far too expensive. Even within the ring road it's cheaper.
A friend of mine is selling 5 Rai for 500,000 for each 1. She will sell separately if required. I told her it's still too expensive and I believe she would accept 400,000. It's about 6 km from Big C. Even then I don't think it's cheap. If you're interested send me PM.
Good luck.

sunny you have a pm

b0llocks. I've just sold half a ria for 400k. Ive also got another, amongst others, that I've been offered 440k on. Another piece, less than threequaters of a rai I bought for 500k has just had an offer of 600k. Everything is within the ring road. Who the fcuck wants to buy a worthless piece of rice farming sh1t. Not OT.

OT...........

old-timer wrote:Who the fcuck wants to buy a worthless piece of rice farming sh1t.

People that don't want to be awakened every morning at 5:30 by advertising trucks and motos racing up and down the streets at all hours, and people honking and ringing and clacking selling all sorts of garbage, and some dickweed neighborhood administrator sharing his crap taste of music (via community speakers) with the residents for hours on end, and ...

Wow, I'm pleased I asked here first before jumping in lock, stock, and barrel. Anyway thanks for the advice everyone.

BTW If anyone knows of a reasonably priced piece of land, not too far out and not over 1 rai, please send me a pm. Thanks.

Well Sunny I would hope you would do a little investigation before making such an investment, that you will never own , unless you are filthy rich and money doesn't matter

firsttimebangkok wrote:Well Sunny I would hope you would do a little investigation before making such an investment, that you will never own , unless you are filthy rich and money doesn't matter

Well Firsttimeinbangkok.....You are wrong. I suggest you do more homework. I am not "filthy rich" but own my own business and will not need a Thai (lovely as they are) to enable me to have my own home, land, business and car. If you own a Thai Ltd Co this can be all circumnavigated.
Don't get downhearted Sunny......All things are possible

And all rules can be changed in Thailand at the whim of the government, so be careful, and best of luck.

firsttimebangkok wrote:And all rules can be changed in Thailand at the whim of the government, so be careful, and best of luck.

I understand that the rules where Farangs could buy land or property by forming a company have changed. This of course is ' Hearsay'.
Anyone know about the current legislation?

sunny wrote:I've found a plot of land I would like to buy outside Udon's ring road. It's 5 minutes from Big C and not far from the horse racing track. The land is unfilled, approximately 200 talangwa and the road it's on is unpaved. It's up for sale at 600,000 baht.

I've no idea the price of land in Udon and my wife's knowledge of land prices is limited to farming land 40 or so clicks outside the city. Therefore does 3,000 baht per talangwa look like the right price? Is there an official land price guide or is it simply up to the seller what he charges?

Official statictic can be seen in yellow books which are in the land office. You can also get copies if needed. there is a map with numbers left and right you can see desription plus prices. Remember that price is only the one buyer has been adviced to register.

[quote="eagle"][Official statictic can be seen in yellow books which are in the land office.......... Remember that price is only the one buyer has been adviced to register. quote]


Eagle, thanks for a valuable and informative post. A very useful research tool

gulfman wrote:

eagle wrote:[Official statictic can be seen in yellow books which are in the land office.......... Remember that price is only the one buyer has been adviced to register. quote]


Eagle, thanks for a valuable and informative post. A very useful research tool

Good that it could help someone.

Please remember that prices are really informative. Our land was valued around half of the real price and that was done by officers, not us. Location in map does not tell everything. I have been visiting all plot shown in above map and distance can be closer to BigC and land look better, but still it is cheaper. Do you get electricity, water etc. matters and of course land itself. Still most important is to find seller who base his price on those yellow books or rumours.