Opening Rental Rates – Fees of State Property in the Special Economic Development Zone.

Opening Rental Rates – Fees of State Property in the Special Economic Development Zone.

Special Economic Development Zone.

           Investment in the Special Economic Development Zone by the Treasury Department will entice investors to develop state property land by giving investors the right to lease land at state property for up to 50 years while laying out the method of offering rental benefits and investment proposals developed in the Special Economic Development Zone that maximizes the country's benefits.

          Qualifications of Investment Offerors

          1.Be a juristic person under Thai law with a paid-up capital of at least 50 million baht. In the case of a joint venture, it must also be a joint venture of a business with a registered capital of at least 50 million baht.

          2. Must be a person who has never abandoned government construction work.

          3. Must be a juristic person with stable financial status by submitting a successful past three years or experience in developing at least one real estate project and presenting a statement of financial position dating back no more than three years. 

         4. Must not be a mutual beneficiary with other investors who propose investment projects.

         For the use of State Property, the rental rates and rental fees for State Property in the Special Economic Development Zone are determined as follows:

Province Rental Rate/Rai/Year (Baht/First Year) Rental Fee/Rai/Baht/50 Years Note
Trak 36,000 250,000 

 - Rental Rate: Lease term of 50 years
   and may be extended for another
   50 years rental rate / rai / year
   (15% increase every 5 years).

 - Rental Arrangement Fee :
   5-year installments,
   payable in the 6th - 10th year.

Sa Kaeo 32,000 225,000
Trat 24,000 160,000
Songkhla 40,000 300,000
Nakhon Phanom 8,400 140,000

 - Rental Rate : Lease term of 50 years
   and may be extended for another
   50 years rental rate/rai/year
   (9% increase every 3 years).

 - Rental Arrangement Fee :
   5-year installments,
   payable in the 6th - 10th year.

Nong Khai 2,100 35,000
Mukdahan 1,800 30,000
Kanchanaburi 1,200 20,000

Source: Thai Civil Rights and Investigative Journalism (TCIJ)


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