The land buying and selling is booming.
Mr. Weerapath Metawatananan, the Advisor to the Khao Yai Tourism Association, said that the purchase of land in the Pakchong district of Nakhon Ratchasima province began to rise from the end of 2021 to February 2022.
Buyers come to look for land to build a second home or a luxury villa for permanent living. Khao Yai is one of the largest national parks in Thailand and located near Bangkok. You can get there by car in just 2-3 hours. It is considered the 7th largest source of ozone in the world. Land prices began to rise due to the buyer's interest.
Many real estate developers focus on running a health or wellness business, providing their clients with properties in green areas. The target audience is the clients who care about their health and pensioners.
Demand will be different from what it was 7-8 years ago in this place. High season is expected this year, especially in Pak Chong. The area is a popular tourist destination for Thais. This leads to the fast economic recovery.
Under the influence of the pandemic, people began to value the comfort and sustainability of their houses more, as we spent more time at home. People look for properties in nature in order not to be locked in the city during the quarantine.
There are major development companies that already have land in Khao Yai. Now the demand for land in the area has increased. The sale of another 480,000 m2 of large areas was announced recently. Villa projects in Nong Saray, Klong Muang and Phaya Yen subdistricts in Pak Chong area are for sale.
Prices from 75,000 THB per are increased to 175,000 - 187,500 THB, which is still quite cheap compared to the land in the Tanarat Road area. This is the main road to Khao Yai where the price has risen to more than 625,000 THB per are.
In connection with that the Khao Yai real estate market has 2 main forms:
- Construction of housing units and condominiums for vacation.
- Land plots for the construction of private houses.
TOP 3 places in Khao Yai with the highest price for free land and residential projects:
- Khao Yai-Vang Nam Khieu Road, a high-end market location with golf courses and many brands of holiday villas. The price of a free land located away from the road starts from 1,375 THB per m2, land plots near the road - from 9,500 THB/m2.
- Tanarat Road, the main road of Khao Yai. The average price for houses and apartments is lower than in the Khao Yai-Wang Nam Khieu area. The sale starts at 5 million THB per property, while the price of a free land increases from 1,250 THB to 9,000 THB per m2.
- In the area of the Kood Khla - Phanan Syk road, the price of free land is 750 - 6,750 THB per m2.
As for the trends in the Khao Yai real estate market, it was found that over the past 5 years (2017-2021), Khao Yai-Wang Nam Khieu and Nong Saray areas became new areas for the construction of housing units. There is a construction of condominiums, villas and townhouses. Residential spaces continue to expand under the demand.