PROPERTY prices on Phuket continue to soar with the asking price for a single rai of premium real estate in Patong now at 80 million baht, the Director of the Thai Real Estate Information Centre, Dr Sophon Pornchokchai, said yesterday.
Other west coast beaches also reflected dramatic increases in the past five years, Dr Sophon added. He was on Phuket for talks.
Back in 2006, land at Phuket's then relatively undeveloped Mai Khao beach fetched five million baht a rai, Dr Sophon said. Today the price had gone up 60 percent.
Back in 2006, land at Bang Tao fetched 7.5 million baht. Prices there had risen 50 percent, he said.
Surin and Kamala prices were nine million baht a rai in 2006, Dr Sophon said. Now real estate in Kamala was going for 70 percent a rai more, he said.
Back then, Karon beach was fetching 20 million baht a rai, while nearby Kata was fetching half that. Nai Yang was at six million baht, with Nai Thon at seven million baht. Dr Sophon did not provide updates on those beaches.
However, he did say that the most expensive property in Patong, Phuket's most enduringly appealing and most developed west coast destination, was going at an asking price of 80 million baht a rai, double the price of 2006.
Phuket Share Touts Fined at Airport: Crackdown CallOther west coast beaches also reflected dramatic increases in the past five years, Dr Sophon added. He was on Phuket for talks.
Back in 2006, land at Phuket's then relatively undeveloped Mai Khao beach fetched five million baht a rai, Dr Sophon said. Today the price had gone up 60 percent.
Back in 2006, land at Bang Tao fetched 7.5 million baht. Prices there had risen 50 percent, he said.
Surin and Kamala prices were nine million baht a rai in 2006, Dr Sophon said. Now real estate in Kamala was going for 70 percent a rai more, he said.
Back then, Karon beach was fetching 20 million baht a rai, while nearby Kata was fetching half that. Nai Yang was at six million baht, with Nai Thon at seven million baht. Dr Sophon did not provide updates on those beaches.
However, he did say that the most expensive property in Patong, Phuket's most enduringly appealing and most developed west coast destination, was going at an asking price of 80 million baht a rai, double the price of 2006.
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Talking up his product?
What are the median prices?
Posted by Evilbaz on April 9, 2011 13:40