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BANGKOK 25 March 2019 10:16
Joe Walshe

Farm Land Prices

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My Thai wife’s family is going to sell their farmland, situated between Sakon Nakhon and Udon Thani. It’s about to be made very accessible by a new highway running along its boundary and riverside, and will be a good location for various developments. It seems the family don’t really know the best way to advertise the sale, so I’m just wondering if anybody could pass on hints about sourcing land for sale in Isaan. For example, would it be from agents? Newspaper adverts? Local signboards? Government offices? I could place an advert in the classified section here, but welcome thoughts on where best to attract interest on behalf of the family.

ddproperty . com (remove the spaces)

Better if you have a Thai reader/speaker to help navigate the site and write up a good description. Google Translate helps, but that can get tedious.

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My Thai wife's family is going to sell their farmland, situated between Sakon Nakhon and Udon Thani. It's about to be made very accessible by a new highway running along its boundary and riverside, and will be a good location for various developments. It seems the family don't really know the best way to advertise the sale, so I'm just wondering if anybody could pass on hints about sourcing land for sale in Isaan. For example, would it be from agents? Newspaper adverts? Local signboards? Government offices? I could place an advert in the classified section here, but welcome thoughts on where best to attract interest on behalf of the family.

ddproperty . com (remove the spaces)

Better if you have a Thai reader/speaker to help navigate the site and write up a good description. Google Translate helps, but that can get tedious.

Thanks so much for the info. Much appreciated.

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Maybe I asked my question in the wrong thread. The information I'm seeking is, what method of advertising, apart from sticking up a few posters and using word of mouth, do Thais use to market land they want to sell? (Originally asked in #38 above.)

I saw your posting, and I wanted to let you know that my wife and I have established a real estate marketing company that specializes in the Udon Thani area.

We will get your family more for Baht your property by posting signs, taking pictures of the property, and by advertising their property on our web site. Our marketing efforts will bring more potential customers to view the property. More customers = More Money! In addition, we pre-qualify the customers for you and then coordinate showing the property to interested buyers.

Best of all, we do not require an exclusive listing agreement. List with as many people as you like. There is no risk. If we sell the property for you we get 3% on the back-end, which is about half as much as other companies get who offer this kind of service.

We speak both native Thai (my wife and her mother) and native English (myself).

Our website is UdonRE <dot> com

Please let us know if we can be of assistance.

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Maybe I asked my question in the wrong thread. The information I'm seeking is, what method of advertising, apart from sticking up a few posters and using word of mouth, do Thais use to market land they want to sell? (Originally asked in #38 above.)

I saw your posting, and I wanted to let you know that my wife and I have established a real estate marketing company that specializes in the Udon Thani area.

We will get your family more for Baht your property by posting signs, taking pictures of the property, and by advertising their property on our web site. Our marketing efforts will bring more potential customers to view the property. More customers = More Money! In addition, we pre-qualify the customers for you and then coordinate showing the property to interested buyers.

Best of all, we do not require an exclusive listing agreement. List with as many people as you like. There is no risk. If we sell the property for you we get 3% on the back-end, which is about half as much as other companies get who offer this kind of service.

We speak both native Thai (my wife and her mother) and native English (myself).

Our website is UdonRE <dot> com

Please let us know if we can be of assistance.

I've already replied to the PM you sent, thanks all the same.

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Jezz while I wish ozzyfan269 and his wife success with their business I believe you will miss out on a huge percentage of buyers relying on internet advertising alone.

I base this on my wifes close family and their dealings over the past 5 or so years. Over a dozen properties have been purchased ranging from rubber plantations to commercial buildings. I should add they've looked at many more in their searches.

All were found through word of mouth. While some are internet savy most aren't and the internet savy ones weren't interested in searching for property online.

Over the past 2 months there's been an increase in the number of random inquiries by potential investors for vacant land they own. People drive past a plot, decide they like it, make a few inquiries through neighbors then show up on the doorstep with an offer.

Best of luck with your sale.

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Jezz while I wish ozzyfan269 and his wife success with their business I believe you will miss out on a huge percentage of buyers relying on internet advertising alone.

I base this on my wifes close family and their dealings over the past 5 or so years. Over a dozen properties have been purchased ranging from rubber plantations to commercial buildings. I should add they've looked at many more in their searches.

All were found through word of mouth. While some are internet savy most aren't and the internet savy ones weren't interested in searching for property online.

Over the past 2 months there's been an increase in the number of random inquiries by potential investors for vacant land they own. People drive past a plot, decide they like it, make a few inquiries through neighbors then show up on the doorstep with an offer.

Best of luck with your sale.

Couldn't agree with this more!. Word of mouth in these parts in the absolute best way to sell land, and if you don't believe in the power of this method then just do some small thing wrong that embarrasses you, and see how long it takes to get all around. B)

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Jezz while I wish ozzyfan269 and his wife success with their business I believe you will miss out on a huge percentage of buyers relying on internet advertising alone.

I base this on my wifes close family and their dealings over the past 5 or so years. Over a dozen properties have been purchased ranging from rubber plantations to commercial buildings. I should add they've looked at many more in their searches.

All were found through word of mouth. While some are internet savy most aren't and the internet savy ones weren't interested in searching for property online.

Over the past 2 months there's been an increase in the number of random inquiries by potential investors for vacant land they own. People drive past a plot, decide they like it, make a few inquiries through neighbors then show up on the doorstep with an offer.

Best of luck with your sale.

Couldn't agree with this more!. Word of mouth in these parts in the absolute best way to sell land, and if you don't believe in the power of this method then just do some small thing wrong that embarrasses you, and see how long it takes to get all around. B)

I agree also, number one method jing jing! :D

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I have read this thread with interest and the price of land seems to have risen at a very fast rate.

I do not understand this because I thought that the young did not want to farm anymore and they were working in factories or construction in Bangkok.

Surely this would make farm land have little demand and fall or at the most stay the same?

I have been looking at land in Kumpawapi (Udonthani province) because the Thai girl's family live there and have already 20 rai.

Her farm land is 500 metres from the main road Bangkok to UdonThani.

I have been offered 20 rai next to her farm for 100,000 bt per rai.

It is Sugar Cane and Rice with a pool.

The Sugar cane factory is about 2 kms from her farm.

The asking rate seems to be from 80,000 bt to 500,000 bt.

This appears to be the asking rate around Kumpawapi.

Whether they sell is another question.

How can a Thai on 400 bt a day ever buy farm land at 100,000 bt per rai?

Maybe you clued up farmers can give me insight into this all.

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Good evening.

You guys keep talking about the price of land per "rai".

Could you tell me how many square meters in one rai? 1,600?

Thanks.

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sirratana sisaket..100000 a rai..bad access, no electric..floods very easy....well over priced...as said if a falang is involved the price doubles..

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I have read this thread with interest and the price of land seems to have risen at a very fast rate.

I do not understand this because I thought that the young did not want to farm anymore and they were working in factories or construction in Bangkok.

Surely this would make farm land have little demand and fall or at the most stay the same?

I have been looking at land in Kumpawapi (Udonthani province) because the Thai girl's family live there and have already 20 rai.

Her farm land is 500 metres from the main road Bangkok to UdonThani.

I have been offered 20 rai next to her farm for 100,000 bt per rai.

It is Sugar Cane and Rice with a pool.

The Sugar cane factory is about 2 kms from her farm.

The offer sounds very good, if you have the funds I think you should go for it.

As for the prices going nuts - that's a lot of speculation and investment of unneeded money from Bangkok.

In Germany the prices range from 50k to 200k for a rai of average farmland, but the returns are far bigger there than here...

Bye,

Derk

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The prices being asked these days often border on the absurd. Surely this bubble must burst at some stage. What with the political unstability in Thailand at the moment, I'm not sure that I would invest any sort of money right now. Thank goodness I bought when real estate was cheap.

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Good evening.

You guys keep talking about the price of land per "rai".

Could you tell me how many square meters in one rai? 1,600?

Thanks.

Yes indeed 1600sqmt, also 2.5 rai=1 acre wai2.gif

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