Is it a good time to buy rice/farmland.?

**Chico** · 30-10-2016, 11:56 PM

gee your rockefeller and your increase of 5- 10% per year,it just gets better.

**Luigi** · 31-10-2016, 12:16 AM

Originally Posted by Chico

gee your rockefeller and your increase of 5- 10% per year,it just gets better.

To be honest I never checked and haven't really been interested. No plans to sell them as they're for me in an emergency here, and to leave to the squid, were never thought of as an investment. Personally, I wouldn't invest foking anything in Thailand that mattered.

But that's just me.

Out of a slight interest since this thread has begun, looking at different sources report between 6-10% increase in value p/a over the past 4 years for BKk condos. Add in 5% roi via rental income and you're doing alright. Simple to sell. Simple to rent out.

(the CM condo was bought last Dec. since you're a bit over interested... and reckon there's a solid 50000-60000% increase just in that time alone. The Thai guy selling it said so to Mrs. Luigi)

Simple Sybil and Zzzzzzzzzzzzzzzener used to have a mate that was into his investing. A scouse chav in his 40's.

Bought a few sold a few in his time here. Forget his name. Anyway, PM him for more in depth info.

**jimbobs** · 31-10-2016, 02:41 AM

^ ooooerrrr take it easy luigi

And why is the scouser a fuckin chav?

Oh.....cos he's a scouser

**Pragmatic** · 31-10-2016, 06:32 AM

Originally Posted by jimbobs

We just got our chanote for the land

What is your interpretation of 'Chanote' Jimbob? I have 'Chanote' for my land and it doesn't relate to what many posters think it to be.

**jimbobs** · 31-10-2016, 06:40 AM

^ not a clue to be honest prag
Just went to the land office one day and got some papers
The officials and the wife and her family seamed happy
Not my house or land
I was more scarred the auntie would turn bandit and keep the land
Or the government would take the house down

**Chico** · 31-10-2016, 06:47 AM

Come on Jim we love them doing the sterotype thing.

**jimbobs** · 31-10-2016, 06:51 AM

How original ye fuckin clown

**Chico** · 31-10-2016, 06:53 AM

Jimbobs We have to amuse Luigi.

**Pragmatic** · 31-10-2016, 06:56 AM

The unfortunate thing is Jimbobs many farang think that cuz they have a land paper with Thai writing on it it's 'Chanote'. In the top right hand corner of the paper you have there is, written in Thai, the level of what your land is. Get that translated and use the article Chico posted #121 to find out what you actually have. If it doesn't belong to any of the underneath quoted titles then the land is not 100% yours, or should I say your wife's. Therefore to stop oneself from getting bitten on the arse, at some time in the future, I advise any farang who is land title ignorant to only buy those titles.

Originally Posted by Chico

NOTE: it is basically ONLY possible to register rights (sale, lease, usufruct, superficies, etc.) with the Land Department and obtain official building approval over land with a confirmed right of possession (the Nor.Sor.3 land titles) or full ownership title (Nor.Sor.4.Jor/ Chanote title deed)

**jimbobs** · 31-10-2016, 07:06 AM

^ nice one prag I will look at that when I get back I would be interested to see what she has actually got
I think I've spent 5 or 6 million on it all so it's a bit late now
Oops
Just your average fucked up ferang lost in Los
Good info thanks

**Pragmatic** · 31-10-2016, 07:25 AM

^ When one has to front up a large amount to ones wife/teelak, not knowing the full SP, I make sure I'm still in control. Luckily I had a great friend, Tsicar, who steered me in the right directions when I first came here. I couldn't/didn't understand why I was paying 400,000 Baht for my land when the similar land across the road was selling for 50,000 Baht. He put me right.
I think many posters on here will be sitting on Sor Por Kor titled land thinking they own it 100%. Unfortunately until it becomes one of the titles in here

NOTE: it is basically ONLY possible to register rights (sale, lease, usufruct, superficies, etc.) with the Land Department and obtain official building approval over land with a confirmed right of possession (the Nor.Sor.3 land titles) or full ownership title (Nor.Sor.4.Jor/ Chanote title deed)

you don't really own anything as it still legally belongs to the crown. If the crown wanted to take it away tomorrow then bye bye your investment. Your wife may try and tell you different. She has abided by village law all her life and it's always worked for her.

**Jofrey** · 31-10-2016, 07:28 AM

Forget his name.

that's good. doubt he would recall you either Tom.

**jimbobs** · 31-10-2016, 07:29 AM

^ as I said it was for her and the kids but I should have been more responsible
I will look into it but ce la vis
Done now isn't it , definitely worth looking into

**Chico** · 31-10-2016, 07:43 AM

Its called the Torrens title and even if they did want to take the land you have to be compensated.

Works the same way in many countries.

**jimbobs** · 31-10-2016, 07:48 AM

^ compensation in Thailand?
Be lucky to get 50000b for the land
Fuck it more things to worry about
Good info tho for a newbie with a bit of sense

**Jofrey** · 31-10-2016, 07:56 AM

Originally Posted by jimbobs

compensation in Thailand?

highly unlikely unless you have friends in high places.

**Chico** · 31-10-2016, 08:21 AM

We bought a piece of land on a main road,and got told by the previous PYB that possibly the highways dept may want to widen the road in the future,though you'd be compensated but it was best before buying to make sure.

The wife went to see someone and was assured that there was little chance of this happening,and yes she would be compensated if it did happen.

Though they couldn't say how much.

**Maanaam** · 31-10-2016, 08:41 AM

Originally Posted by jimbobs

^ compensation in Thailand?
Be lucky to get 50000b for the land
Fuck it more things to worry about
Good info tho for a newbie with a bit of sense

I looked into the "Expropriation of Land Act" last year because the council wants to demolish all the houses on one side of my soi so as to widen the road and get access to a whole lot of unused land beyond the end of the soi. (Which land happens to belong to a person of the same surname as the mayor).
The council started quoting convenient sections of the Act...such as expropriation can occur, so best sell us your land without us resorting to legal means.

But....what they didn't tell the residents is:
The Act is quite clear: For the government to expropriate any privately owned land 3 things have to be satisfied: 1. the purpose of the expropriation has to be in the public interest. 2. A fair, market-based compensation has to be paid. 3.The order must be signed by HM The King.

**Pragmatic** · 31-10-2016, 10:31 AM

Originally Posted by Chico

Though they couldn't say how much.

I believe at any local Land Registry Office they will have a rough guide to land prices in their area. Chances are if land is commandeered then they're not going to give you the full value according to what land is currently fetching in your area.
If you're going to buy land IMO, and Thai lawyers, then you have to buy Chanote titled land if you want to build an house and be 100% secure.
Farangs teeraks will buy Sor Por Gor land, and build a house on it, in the belief that in the future it will become Chanote title. Good for her but it ain't her money so get Chanote to be sure to be sure, as Mick would say.

– Freehold Title Deed (Chanote Or Nor Sor 4)

This type of title grants the holder of this document full rights over the land, to deal with or to use it to the exclusion of others. Thus, if you’re planning to buy land in Thailand, this type of title deed is the best and most credible title deed to hold.
– Nor Sor 3 Gor

A land ‘awaiting’ a full title deed is granted the document Nor Sor 3 Kor.
The land is measured by the Land Department; therefore, it has its exact boundaries.
This type of land may be sold, transferred, or mortgaged in the same manner as land with freehold title deed (Chanote) as long as it is ready to be a full title deed.
In order to change the title to a Chanote, the owner of the land may file a petition to the Land Department to file a request to change it to a full title deed (Chanote), and the Land Department may do so if there is no opposition made against the petition.

– Nor Sor 3

The difference between this type of land title deed and the Nor Sor 3 Gor is that a land with Nor Sor 3 title has never yet been measured by the Land Department; hence the land has no exact boundaries.
The Nor Sor 3 title may later be switched to a Nor Sor 3 Gor then subsequently transform to that title to a freehold title deed (Chanote) in the future.

– Possessory Right

This type of title deed is least recommended. A land with a possessory right has never been substantiated by Department, but is only recognized by tax payments at the Local Administrative Office.

**Chico** · 31-10-2016, 10:57 AM

Pragmatic can you provide a link to your statement that they wouldn't buy back at full value.

Or is it just your opinion.?

**cyrille** · 31-10-2016, 11:26 AM

Originally Posted by Chico

even if they did want to take the land you have to be compensated.

it's becoming increasingly clear what role you play in the village.

**Auroria** · 31-10-2016, 12:17 PM

Unless you are giving the money away, it really isn't the wisest decision.

**GracelessFawn** · 31-10-2016, 01:25 PM

Now that the agriculture sector and rice prices are plummeting, would be a good time to buy land. A lot of landowners are ready to give up on farming and would want to try something different/new. This scenario puts rice farmlands at reasonable price levels.

I think that if you live in Asia, investing on land is a sound investment. Its a great legacy to give to your kids, wife, and relatives.

Even with the agriculture sector down, I still see it as having loads of potential. Rice is a food staple in Asia. The Asian population is fast multiplying, but land doesn't, and people will always need food.

**lom** · 31-10-2016, 01:45 PM

Originally Posted by cyrille

it's becoming increasingly clear what role you play in the village.

**rickschoppers** · 31-10-2016, 02:11 PM

I have yet to lose money buying and selling land. Houses and condos are a higher risk and depend a lot more on location and the economy. If anyone is in it for the long haul, land is the way to go.

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