Land prices in Thailand’s Eastern Economic Corridor (EEC) rose sharply in Q1 2025, with the index increasing 24.9% year-on-year. Rayong led the surge with a 43.5% jump, driven by a wave of foreign investment in industrial zones.
The Real Estate Information Centre (REIC) reported the undeveloped land index in the EEC at 332.2 points, up 2.6% compared to Q4 2024. Foreign investment reached 47 billion baht in Q1 2025, marking a 31% rise from the previous year, based on figures from the Department of Business Development.
Japanese investors accounted for the largest share, followed by Chinese and Singaporean investors. This inflow accelerated new housing developments to support the growing number of Thai and foreign workers moving into the area.
Rayong’s land index hit 259.2 points, rising 27.3% quarter-on-quarter. Investors acquired plots both inside and outside industrial zones to establish manufacturing bases. The shift was influenced by global trade tensions, U.S. trade restrictions, Thailand’s political neutrality, and the strength of its infrastructure and logistics networks.
Chon Buri followed closely, posting a 33.6% year-on-year increase and a 4.6% quarterly gain, raising its land index to 468.4 points. Pattaya saw increased demand for housing and condominiums, mainly from foreigners using privileges under the Board of Investment (BoI) program to purchase property for residence or corporate use.
In contrast, Chachoengsao experienced a downturn. The land index there dropped 13.5% from Q1 2024 and fell 18.6% quarter-on-quarter to 161.0 points. The area faced a temporary dip in housing demand and lacked the industrial activity seen in neighboring provinces.
Bang Lamung district in Chon Buri posted the highest district-level growth, with land prices soaring 126.5% year-on-year. Most land there was allocated for residential development to meet tourism-linked housing demand.
Si Racha, also in Chon Buri, recorded an 88.6% increase. Developers targeted this area for housing aimed at both local and foreign residents, particularly Japanese employees working in nearby industrial estates.
Ban Khai district in Rayong ranked third, with a 47.9% rise. Its strategic location near industrial zones and ongoing infrastructure expansion drew developer interest.
Mueang Chon Buri recorded the fourth-highest increase, with land prices climbing 33.5% from the previous year. Pluak Daeng in Rayong followed with an 11.2% rise.
