Prices of vacant land in Greater Bangkok are growing at a slower pace due to the sluggish economy and the full collection of the land and building tax, which started this year.
Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the price index of vacant land in Greater Bangkok was 354.5 in the second quarter of this year, up 4% from the first quarter and 6.5% higher than the same period last year.
