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The impact of the 1901 Land Title Deed Act on Bangkok's urban land market.

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Název: The impact of the 1901 Land Title Deed Act on Bangkok's urban land market.
Autoři: Vechbanyongratana, Jessica1 (AUTHOR) ajarn.jessica@gmail.com
Zdroj: Economic History of Developing Regions. Dec2025, Vol. 40 Issue 3, p173-201. 29p.
Témata: *PROPERTY rights, *ECONOMIC activity, *LAND tenure, *REAL estate business, LAND title registration & transfer, CITIES & towns
Geografický termín: BANGKOK (Thailand), THAILAND
Abstrakt: In a bid to maintain sovereignty, Siam strategically adopted the Torrens system of land administration in 1901, effectively converting traditional secure usufruct rights to fully transferable private property rights with absolute exclusion rights. Using plot-level data collected from 9,840 Bangkok orchard land deeds issued in the 1880s, this study analyses the incidence of land transfers before and after the enactment of the 1901 land law. The analysis shows that the shift from secure usufruct to fully transferable private property rights is associated with increased land transfers in Bangkok after 1901. Furthermore, the lifting of agricultural land use restrictions resulted in an acceleration of property transactions in urbanized areas and for properties located adjacent to the Chao Phraya River and roads – transportation methods that were important for commerce and trade but not for agriculture. Siam's strategic adoption of a colonial land institution to maintain sovereignty had the unintended consequence of vitalizing Bangkok's property market and supporting the growth of new economic activities at the turn of the twentieth century. [ABSTRACT FROM AUTHOR]
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Databáze: Business Source Index
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Abstrakt:In a bid to maintain sovereignty, Siam strategically adopted the Torrens system of land administration in 1901, effectively converting traditional secure usufruct rights to fully transferable private property rights with absolute exclusion rights. Using plot-level data collected from 9,840 Bangkok orchard land deeds issued in the 1880s, this study analyses the incidence of land transfers before and after the enactment of the 1901 land law. The analysis shows that the shift from secure usufruct to fully transferable private property rights is associated with increased land transfers in Bangkok after 1901. Furthermore, the lifting of agricultural land use restrictions resulted in an acceleration of property transactions in urbanized areas and for properties located adjacent to the Chao Phraya River and roads – transportation methods that were important for commerce and trade but not for agriculture. Siam's strategic adoption of a colonial land institution to maintain sovereignty had the unintended consequence of vitalizing Bangkok's property market and supporting the growth of new economic activities at the turn of the twentieth century. [ABSTRACT FROM AUTHOR]
ISSN:20780389
DOI:10.1080/20780389.2025.2554574