Thailand’s Crown Property Bureau

TRS13-15Editor-in-chief Kevin Hewison has reviewed a new booklet on Thailand’s Crown Property Bureau, authored by Porphant Ouyyanont.

Crown Property Bureau in Thailand and Its Role in Political Economy is published by Singapore’s Institute of Southeast Asian Studies, and is in its Trends in Southeast Asia Series.

Hewison points out that the inexpensive booklet re-uses material seen previously in Porphant’s previous two works in English on the CPB, including a breakthrough article in JCA in 2008.

He observes that Porphant includes an updated assessment of the value of the assets of the CPB in 2014. Having assessed this as $27.4 billion in 2005, Porphant estimates the CPB’s worth in 2014 is $43.8 billion. Hewison wonders if this is an underestimate as Porphant does not alter the land values used to calculate the 2005 and 2014 assets. In that period, media reports suggest large price rises in prime areas during this period.

Hewison notes that the booklet should prove popular when the current king dies and demand for information on the CPB will increase.

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