Land purchase in Buriram

[ken.p]

Hi,
Farm land purchase in Buri ram, 9 rai secondary position currently full of gum trees producing what I been told a glue like resin that’s sold and collect buy some company.
People who have this land for sale are asking 800,000baht

Does this sound a reasonable price?

Ken.

[Spitfire]

Sounds like rubber trees to me, check if the resin is white, and if it is, then that'll probably be the case then.

As for the price of land, it depends on exactly where it is as a kilometer or two can make all the difference and it sounds like it not great rice land otherwise they probably wouldn't have planted all the trees there.

Does it have access to the road or do you have to cross, or going down the side of, another farmers land?

Lots of variables with this one as you haven't given that much info.

How close is it to Buriram city?

How close is the nearest village?

Can you tell good from bad rice-growing land to good house building land from the topography of the area?

Some trees that get planted really screw-up the land with their roots if you ever want rid of them and do a change.

Do a bit of research and try to look for the catch or the genuine reason for the sale.

Check the 'chanote' (land deeds) if you can as there can be problems with this if you're not careful. If the seller can't or won't produce it willingly with their name on it then there are 'red flags' flapping.

The list of things goes on an on, maybe if one of the property gurus sees this they will give a clearer answer than I can.

Could be a deal but really depends on location and whether there is any infrastructure around like electricity/water available nearby you can get hooked up to. Access is a major thing to look at, especially if it isn't adjacent to a public road.

Good luck and sorry I can't be more helpful.

[STEVE G]

We have a small farm in Buriram, some 15km North of Nong Ki and I've often been offered farm land for sale, normally in the range of 20-50,000 a rai depending on variables as mentioned above and adding that available irrigation is another big factor which could add greatly to the value. Having said that, I've no idea whatsoever what the trees on it are worth as around us, it's mainly rice, sugar or cassava.

[PJG]

Not likely to be Rubber trees in Issan do not think they have enough rainfall. Most likely to be Aussie gum trees like Eucalyptus.

[Spitfire]

You might be right PJG, but I thought they grew Eucalyptus to sell to the wood mills to produce paper like Double A because it grows so fast.

[STEVE G]

Not likely to be Rubber trees in Issan do not think they have enough rainfall. Most likely to be Aussie gum trees like Eucalyptus.

There's no rubber near to our place but I have seen small plantations of it over towards Nangrong. It's easy to spot as you can see the diagonal strips cut into the bark with small suspended plastic cups to harvest the latex.

[ken.p]

Update,
They are rubber trees.
Steve G, My wife’s home town and the 9 rai, is 30 miles from Nangrong.
The land has water for irrigation, which is pumped from a river near by.
Rice, was once farmed on the land, but these trees produce a better income, I’m told.

The people who are selling are moving north and selling all but their property.
A road runs past the 9 rai so access is not a problem, electricity near by. Domestic water, a well would need to be done, so building is possible. The village is also a mile away. Buriram city approx. 40 miles.
This area is popular with us expats, land prices are rising at a steady pace.

Ken P

[Takiap]

Not likely to be Rubber trees in Issan do not think they have enough rainfall. Most likely to be Aussie gum trees like Eucalyptus.

I think you'll find times have changed. When I first came over, there were only rice paddies in the area my wife grew up in, but today there are loads of rubber plantations since the profits are a lot higher. Many are also growing Eucalyptus, but it's not seen as being very profitable. I think a large tree 3 - 5 years old) only fetches about 50 baht. Then again, they grow like weeds, so no work is required, and that means there's more time to............


You'll also find that a lot of land up in Isaan doesn't come with a 'chanote' (land deeds). While this sort of land can't be used as security for loans and etc, it is still recognized as being your land. My wife's one grandmother is forever buying and selling land, and even bought each of our kids a few rai when they were born. In fact, I'm sure she's secretly happy that we're not having anymore because it was becoming expensive for her. The Thais up there don't seem to be obsessed with ripping each other off.


Ken.P...... if you have the money to spare, and you like the area and the land, then I would say go for it. You only live once, so live the dream.

[STEVE G]

I would just add that it's wise to be wary of anyone who directly approaches you to try and sell land in Issan as they're usually relying on the fact that you are richer and less agriculturally aware than the locals to sell you a lemon.
If you've just found out about the land being offered for sale to anyone, then you've more of a chance of getting a fair deal. People up there often sell land to finance something else, so you can get some bargains if they're desperate for the money, I'm still kicking myself for not buying a plot in the centre of my partners village which I was offered for 15,000bt a few years ago. (It was too near the crematoriam and ghost ridden apparently!)