This 6 rai of land on the main highway is for sale in our village for 7,200,000 thb or 1,200,000 thb per rai.
The land sits 4′ below road level.
People here in rural Isaan are starting to sell land for ridiculous prices, with no actual value considered.
Most are selling family land to clear massive personal debt and they have that much debt.
It doesn’t matter how much the land is worth, they are asking for way, way, way more in order to clear all of their personal debt.
These days, with the prices of land for sale all over the place, the only place that can give you a realistic idea what the land is worth is the Provincial Land Office.
Even with the land being on the main highway, it would cost a fortune to fill it in to be able to use it for anything other than farming.