Landowners wanting to sell a portion of their land are facing difficulties in finding a buyer. However, unlike in the past, the demand for land in Sarpang has significantly decreased. The buyers, according to the landowners, are mostly the retired civil servants, and landlords including contractors, especially from Thimphu and Paro. On the other hand, the immediate need for finance for the family is the most reason the land owners cited for selling lands. The government compensation rates for Sarpang ranges from Nu 2,767.33 to Nu 47,044.80 per decimal for dry land (Kamzhing), Nu 2,490.60 to Nu 16,465.68 per decimal for wetland (Chhuzhing), and Nu 3,804.58 to Nu 47,044.80 per decimal for orchard. So lands are being sold at the best price compared to the government compensation rate,” said a land owner in Dekiling. “Many think we would not be able to get the expected rate in the future. Landowners in thromde and gewogs of Gelephu, Samteling, Dekiling, Gakiling, and Senggye, who talked to Kuensel, said they have witnessed a sharp increase in land sellers in their gewogs. But the double rise in land prices in other gewogs is probably due to city development plans,” a resident said. “The land prices in thromde and nearby gewogs have already increased due to high demand for residential land. While it is not possible to tell the exact reasons for the fastest acceleration in prices, residents say, many landowners are selling at high prices due to a probable mega city project in Sarpang. The sudden spikes in land prices over the months have also created pricing inconsistencies for lands in the same location.įor instance, in Jigmeling, a landowner sells a 35-decimal plot at Nu 75,000 per decimal while another landowner in the same location wants to sell a 50-decimal plot at Nu 150,000 per decimal. And the land price within and around thromde is over Nu 200,000 a decimal and over Nu 65,000 a decimal in Umling. In Senggye gewog, the land price has increased from about Nu 30,000 to Nu 75,000 per decimal. The land that was selling at Nu 75,000 a decimal in Dekiling, and Gakiling gewogs in March now costs Nu 150,000 per decimal or even more depending on the location. According to residents, the current land price in Sarpang is the fastest price growth recorded. In two months, the cost of the land in the area has jumped by 100 percent on average. The surge is seen mainly within a 40-kilometer radius of Gelephu town along the Gelephu-Sarpang highway. The extra touches: Massage services for females only.Price of land in Sarpang has risen significantly in the past two months.
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