Crazy land prices.

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JimboPSM
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Post by JimboPSM » June 15, 2013, 9:34 pm

It's amazing how quickly people can forget when there may be an incentive to forget :shock:

There was a thread on UM less than a year ago which included some info on the major flood in Udon in July 2000.
Thai Airways had to cancel flights to Udon because the runway and taxiway were submerged under some 30cm (a foot) of water:
And still existing in cyberspace from a local website before the days of UM:
Udon Thani Recovers from Flood.

People and business sectors start repairing their houses and properties. This water flooded into the town, causing the worst deluge in 100 years. Some lower areas still under water level and still need help from outside. Wave from big trucks damaged most of house doors.

Many people are suffering from water diseases. Central hospital and some private hospitals anounced free treatment to people who were infected by the water diseases.

The big flooding was caused by 274 mm of rain in one day. Governor Kiatipan Noymanee ordered to dig a channel across a highway and another at the base of railway track to drain water from Udon Thani. A steel structure from Bangkok was used to reinforce the railway track to let water run through and now train from Nong Khai can go through to Bangkok. A temporary bridge was also installed over a channel dug across the Udon Thani-Sakon Nakhon highway.

Bangkok Post report that out of the 47 square - kilometre municipality, about 45 square kilometres were flooded. Damage to to public utilities was estimated at 213 million baht, the governor said. Eleven villages in Tambon Samphrao and many farms were also flooded when water was drained out of the town.


Udon Thani Flood 2000

No one prepared for this disaster even the governor of Udon Thani. Lack of food spead around the city in all subroads. Some of 1 floor houses are completely underwater. Many people use roads in the higher area for their temporary home. People have to help themself while waiting for help from government section.

On 14th July, Ban Jun dam had some crack due to water overload. All force from government section and from public had to go to deal with the crack and finally they designed to dig at the back of the dam to release 2 million square meters water from the dam. This made water level in Udon Thai rose up. And to help release water from city area, the government had to dig the railway that connect Udon Thai to Khon Khan. People from Nong Khai above Udon Thani who want to travel to Bangkok have to go off the train at Udon Thani, use bus to transit to the next train station. Flight from Bangkok to Udon and in reverse must stop for 3 days dues to the water flood the runway. And just start flying on 15 July in the afternoon.

Fortunately, there is no heavy water during this few day after the heavy rain. The water level are going down today and some higher area have no flood. But there is still a bad news for the next 4 days.Meteorological Department predicted that there will be another storm on 19 and 20 July and all people in Udon Thani must be prepare to cope with the flooding situation again.

Reporter of Siang Issan News said that there are 4 people died in this flood. 2 were death by electric shock and 2 were drowned when they were trying to fishing in a flooding canal.

Link to original site: http://udon.loxinfo.co.th/~unthanin/news.html


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KHONDAHM
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Post by KHONDAHM » June 16, 2013, 6:46 am

The flood channels dug around the city since then have been doing their job quite nicely. 2011 and (I think) last year's rain season was worse than 2000 and just the usual areas were flooded.

I was recently pleasantly surprised to see a tractor clearing the vegetation from the channels in my area. Long overdue. The tractor wouldn't fit under the bridges connecting the back roads, so in typical Thai fashion, they didn't bother clearing the 1m++ vegetation found there. Meh...

On another note and more related to the topic, dirt farmers are making a KILLING and will continue to do so. As the city expands, just think how much dirt they'll be supplying outside the channel protected areas...
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parrot
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Post by parrot » June 16, 2013, 11:02 am

kd "The flood channels dug around the city since then have been doing their job quite nicely. 2011 and (I think) last year's rain season was worse than 2000 and just the usual areas were flooded."

Not close. The nearly 6" we got in July 2011 was half what we got in 6 hours in 2000. I'll guess Udon will fare better in a repeat performance due to all the improvements with drainage over the years, but I think it's too early to tell.
Yes, a drainage canal was added to the ring road after the big flood of 2000, but since then, nearly every sq meter of ringroad space has been filled in.......either parking lots or housing developments or big buildings. That's a lot of rain water that has to go somewhere.
A direct hit from a tropical storm (passing over Vietnam then here) will tell the story.

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semperfiguy
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Post by semperfiguy » June 16, 2013, 3:39 pm

parrot wrote:kd "The flood channels dug around the city since then have been doing their job quite nicely. 2011 and (I think) last year's rain season was worse than 2000 and just the usual areas were flooded."

Not close. The nearly 6" we got in July 2011 was half what we got in 6 hours in 2000. I'll guess Udon will fare better in a repeat performance due to all the improvements with drainage over the years, but I think it's too early to tell.
Yes, a drainage canal was added to the ring road after the big flood of 2000, but since then, nearly every sq meter of ringroad space has been filled in.......either parking lots or housing developments or big buildings. That's a lot of rain water that has to go somewhere.
A direct hit from a tropical storm (passing over Vietnam then here) will tell the story.

The drainage canal that parallels the Ring Road between Global House and the area north of Big-C hasn't had a cleaning out in over two years. It's overgrown with vegetation, not to mention all the garbage, tree limbs and construction debris that has been tossed in. In some areas the concrete slabs have caved in and some of the lateral drainage pipes carrying run-off from the Ring Road have also caved where they empty into the canal. It seems that no one is paying attention to this problem and it doesn't take a rocket scientist to foresee what's going to happen when the "big" deluge comes again. All of that debris is going to dam-up somewhere and then there will be flooding as if there is no canal. I just don't get it!!!!!
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Post by kubotatim » June 16, 2013, 5:06 pm

This is typical of Thailand NO maintenance of anything only do something when it goes very wrong, just as bad in Bangkok.

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KHONDAHM
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Post by KHONDAHM » June 16, 2013, 7:27 pm

@Parrot - 274 mm = 10.8 inches (the entire day). 6 inches in an hour is a lot. I'll take your word on that. I seem to recall reading somewhere previously that the 2011 rain season was the worst in 100 years in Udon. Hmmmmm...not worth researching to me, though. I just hope the channels protect MY place. :)
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Barney
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Post by Barney » June 16, 2013, 7:49 pm

Maybe land prices would not be so crazy in certain locations if newbies were made aware of past flood zones in the UT area, me included. Is this information available from the land office??? In aussie land you are made aware of the 100yr flood zones and possible impacts. Supposedly determines what you can construct that may affect the water drainage.

One could decide on extra costs if the house needs to be raised or not and if a raincoat or waders should be purchased for those rainy days. :D

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FrazeeDK
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Post by FrazeeDK » June 16, 2013, 8:46 pm

flood canal built in 2000??? nah, it was dug around late 74 in response to a mongo heavy rainy season that had all downtown flooded and Rte 2 nearly washed out near where the present day ring road intersects with it....... Back then it wasn't concreted, and to my recollection wider... I went fishing in it back in those days with a big net just south of the overpass intersection...
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parrot
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Post by parrot » September 12, 2013, 6:33 pm

The Udon Treasury Department reported on land appraisals in the province.......top honors for a piece of land goes to: Phosri Rd, 60,000,000 Baht per rai. (No further info given on exact location).
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Prenders88
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Post by Prenders88 » September 12, 2013, 9:09 pm

Wow!!!
Must be lots of people who own land along Posri Road who are sitting on a fortune.
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Post by GARYZX6R » September 13, 2013, 7:51 am

Prenders88 wrote:Wow!!!
Must be lots of people who own land along Posri Road who are sitting on a fortune.
Its not just Posri Rd Prenders, some advert on here has 20 rai outside of Udon for million baht per rai ! :lol:
Now thats expensive for rice fields ! :lol: And not chanote ! :lol:

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FrazeeDK
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Post by FrazeeDK » September 13, 2013, 7:57 am

an older lady who owns through inheritance 7 rai of undeveloped land beside our place said she'd consider selling it for 2 million per rai.. Her mid-30's son, standing beside her said, "no, we'll wait for it to go up higher." This land is near the horse racing track, about 6km east of the ring road.. Other land in the area has recently sold for 1.25 and 1.5 million a rai. Another 7 rai on the other side of us (completely undeveloped) was sold a few months ago for about 750,000 per rai. The buyer cleared the land (a half-arsed job) and intends to sell it in one rai parcels for 1.5 million per rai....
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Post by Svein66 » September 13, 2013, 8:26 am

FrazeeDK wrote:This land is near the horse racing track, about 6km east of the ring road..
The horse racing track is less than 2km east of the ring road... ;)

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BigBubba
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Post by BigBubba » September 13, 2013, 11:21 am

Svein66 wrote:
FrazeeDK wrote:This land is near the horse racing track, about 6km east of the ring road..
The horse racing track is less than 2km east of the ring road... ;)
I understood what he was saying. The LAND is 6km from the ring road, "near" the racetrack... hmm let me guess, about 4km away :-" But to make it more clear, I'll rephrase Dave's sentence. The land, about 6km east of the ring road, is near the horse racing track. :-k

The shophouse we rent is about 7 years old. I'm fairly sure the units were under a million each when new. Last year the unit next to us sold for 2.9 mil (Cliff can verify or rebut these figures). The double unit on the end is presently being offered, I hear, for 9 million! And that's with NO land, or even a place to park your car.

I've seen prices of small parcels of land near the father-in-law's house in Nongsamrong TRIPLE in the 5+ years since I first came here. I'm trying to talk the wife and father-in-law into selling that house and invest the equity in a new larger and nicer house in a less flood prone area, but it falls on deaf ears.
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Svein66
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Post by Svein66 » September 13, 2013, 11:42 am

BigBubba wrote:
Svein66 wrote:
FrazeeDK wrote:This land is near the horse racing track, about 6km east of the ring road..
The horse racing track is less than 2km east of the ring road... ;)
I understood what he was saying. The LAND is 6km from the ring road, "near" the racetrack... hmm let me guess, about 4km away :-" But to make it more clear, I'll rephrase Dave's sentence. The land, about 6km east of the ring road, is near the horse racing track. :-k
I live 6km east of the ring road, but I won`t say I live "near" the race track. I would say I live near Sookasam.
Abyway, the prices are going up around here too, and someone are waiting for them to go up even more before selling...

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FrazeeDK
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Post by FrazeeDK » September 13, 2013, 12:17 pm

picky picky... Our house as the crow flies is about 700 meters east of the race track.. On the village back road its a bit more than a kilometer.. Driving from the Big C intersection to our house is in fact just under 6km. Of course, "as the crow flies" the race track is indeed (I checked it on Google Earth) 2km dead east of the ring road.
Dave

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LoveDaBlues
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Post by LoveDaBlues » September 13, 2013, 1:18 pm

wynnsiensheng wrote:Ha, ha, ha, don't think I have ever heard of a falang leaving Thailand with profits. Shirt on his back, yes, but more than that......
I bought land outside of Udon about 7 years ago for 540,000 baht. Sold in November of 2011 for 1.8 million baht. Do the math.

I paid 1.2 million baht 4 years ago for the lot I currently live on. It's conservative worth is now 2.4 million baht; based on ACTUAL SALES of near land and not 'asking prices'.

Money can be made here on land/houses. But, if you try to apply the same principles with buying/selling land in Thailand with the USA you're making a very big mistake. This market is MUCH DIFFERENT. I bought/sold houses and invested in 1st trust deeds for years in the USA with success; this allowed me to retire early to Thailand at age 48. My current age is 57.

Again, comparing Thai/USA/UK markets is a mistake! Just my opinion perhaps I'm wrong and just got lucky in both the USA and Thailand.

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Post by rct » September 13, 2013, 2:51 pm

LoveDaBlues, what would you have sold your land for in 2013 or 2014? I should have bought your land in 2011 !!!

"I bought land outside of Udon about 7 years ago for 540,000 baht. Sold in November of 2011 for 1.8 million baht. Do the math."

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parrot
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Post by parrot » September 13, 2013, 3:41 pm

parrot wrote:The Udon Treasury Department reported on land appraisals in the province.......top honors for a piece of land goes to: Phosri Rd, 60,000,000 Baht per rai. (No further info given on exact location).

Just to clarify.......the 60mil is an appraisal.....not what the land sold for.

On a separate but somewhat related note: The shophouses at ring road kilo 5 (Nadee) and the shophouses across from the Srisuk Post Office......one at each occupied....construction finished 6ish months ago. Several other scattered shophouses around town completed but empty.
There are now 3500 condo units slated for construction in the next year and a half.
Homehub, Global2, DoHome all slated to open in the next 6 months.
Four or five more new hotels in the process of being built.
Huay Luang Reservoir about 40% full with just a few weeks left in the rainy season.

I've been searching for my rose colored glasses.....usually keep them handy, but today can't find them.

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LoveDaBlues
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Post by LoveDaBlues » September 13, 2013, 4:51 pm

rct wrote:LoveDaBlues, what would you have sold your land for in 2013 or 2014? I should have bought your land in 2011 !!!

"I bought land outside of Udon about 7 years ago for 540,000 baht. Sold in November of 2011 for 1.8 million baht. Do the math."
I can't answer that question; would a buyer be available in 2013? If not, the land wouldn't sell at all. In 2011 I had a cash buyer willing to pay my price. I more than tripled my money and have no regrets in selling.

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