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Bangkok Post
Bangkok Post
Business

THE TRUTH ABOUT: Treasury seeks narrower gap in land appraisal prices - The Untold Story

Treasury Department
A sign advertises land for sale in Bangkok last year. The Treasury Department is adjusting its land appraisal price to be closer to the present market value. Chanat Katanyu

The Treasury Department is adjusting its official land appraisal price to more closely hew to the present market value, says director-general Akkaruth Sandhyananda.

The department's appraisal price is 30-40% lower than the present market price, and it wants to narrow the gap to 20-25% lower than the market price, he said.

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