However, Phuket's Muang district booked the highest sales by value, at B11.38 billion or 24.5 per cent from 2,925 units (6.3pc).
Kathu was third behind the Hua Hin and Pran Buri districts of Prachuap Khiri Khan province where the average unit price was B4.48 million compared to B3 million in Bangkok. Pattaya came in at fourth at B3.35 million, according to the Agency of Estate Affairs (AREA), a database service provider for the real estate industry.
Housing units were most affordable in Chon Buri province's Muang district, at B1.62 million a unit, said AREA chairman Sopon Pornchokchai in a statement released today (May 12).
The area was also the most active among the surveyed provinces, with the most launches (6,094 units or 16pc of all new units in the provinces) and the highest sales by unit (3,913 units or 8.4pc).
Overall, the provincial markets remained small, with the number of units combined half that of Bangkok.
The area with no launches last year were Map Ta Phut (Rayong) and Doi Saket (Chiang Mai) in line with sluggish sales.
Surprisingly, only 393 units were sold in Phetchaburi's resort town of Cha-am but 1,077 units were launched in 2014, Mr Sopon wrote.
The area with the largest remaining supply last year was coastal Pattaya, with 12,572 units available for sale.
The situation was most worrisome in Chiang Mai. In San Kamphaeng, the remaining units will be sold out in 25.4 months while Mae Rim will see the existing supply taken up in 20.4 months.
On average, the existing housing supply in the provinces will be sold out in 6.4 months, compared to more than 12 months in Bangkok.
Bangkok still paved with gold
Land prices in Bangkok and its vicinities rose 3.5pc on average in 2014 and are expected to climb further by 3pc this year.
The most expensive plots were those along the BTS mass transit line in Siam, Chidlom and Phloenchit, at B1.75 million a square wah or B700 million a rai. They are expected to rise further to B1.9 million to B2 million a sq w this year, Mr Sopon wrote.
Land prices on Sukhumvit Soi 1-21 near the BTS Nana and Asok stations, changed hands for B1.7 million a sq w last year, overtaking Silom, where prices were B1.5 million, for the first time.
Over the past 16 years, Bangkok land prices increased 84pc. They jumped 158pc in the heart of the capital compared to 69-89pc in the suburbs, thanks to mass transit expansion.
The cheapest plots could be found near Khlong 13 in Lam Luk Ka, Pathum Thani province, where they cost B2,500 a sq w or B1 million a rai, compared to B3,500 a sq w in 1996. This indicated the prices of land in the suburbs far from mass transit lines would stagnate or even fall over time.
Note: 1 sq w = 4 sq m, 1 rai = 400 sq w or 1,600 sq m
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