Land price of special economic zones soared 100%.
Mr. Naris Chaiyasoot, Director-General of the Treasury Department, revealed that he has already signed a Memorandum of Understanding with the Department of Land to set up a land valuation appraisal account in 2015. It aims to expand the land valuation areas by piece of land basis covering across the country in response to the draft Land and Building Tax Act. The Treasury Department will share information with the Department of Land on map data, land registration, condominium information, including land trading information. Then, these information will be analyzed to determine the valuation before making a valuation appraisal account for sending to the Department of Land to further use to register the rights and juristic act.
