Showing 1 - 10 of 14
Homebuyer confidence dips
Kanana Katharangsiporn, Published on 01/06/2024
» The housing purchase confidence index (HPCI) in Greater Bangkok for the first quarter of 2024 dropped from the fourth quarter of last year, likely the result of gradually increasing policy interest rates throughout 2023.
Anticipated rate cut expected to bolster residential market
Kanana Katharangsiporn, Published on 20/05/2024
» The expected dip in interest rates by 25 percentage points in the second half this year is expected to help the residential market, resulting in projected growth of 5.5%, in contrast with a decline of 0.7% without a rate cut.
Struggling to recover
Kanana Katharangsiporn, Published on 06/05/2024
» With an unfavourable economy and expiration of discounts for the land and building tax this year, property developers are thinking twice about acquiring new land plots, shifting instead to draining inventory.
Reaping the property stimulus rewards
Business, Kanana Katharangsiporn, Published on 18/04/2024
» The cabinet last week offered Thai New Year's gifts to potential homeowners, approving measures that extend the price range of houses eligible for a cut in transfer and mortgage registration fees to 7 million baht, up from a ceiling of 3 million baht.
Cabinet endorses property stimulus
Business, Published on 10/04/2024
» The cabinet on Tuesday approved fresh property measures, including new cuts of the transfer fee and raising the limit for home and condo prices eligible for the transfer and mortgage registration fee benefits to 7 million baht, up from the current level of less than 3 million.
Property perks ‘could lift GDP growth to 4%’
Published on 09/04/2024
» The economy could grow by slightly more than 4% this year, driven by measures to boost the property sector approved on Tuesday, the Ministry of Finance said, as the government attempts to revive economic activity.
Price limit change to aid would-be buyers
Business, Wichit Chantanusornsiri, Published on 02/04/2024
» The Finance Ministry looks set to propose an increase in the limit on home prices eligible for a reduction in the transfer fee and mortgage registration fee to 5 million baht, from the current level of less than 3 million baht, in an effort to stimulate the real estate sector.
Residential property market remains tepid this year
Business, Kanana Katharangsiporn, Published on 17/02/2024
» Though Thai GDP growth is forecast at 2.8-3.2% this year, the residential market may post marginal gains as demand remains weak, according to the Real Estate Information Center (REIC).
Sansiri to launch 46 residential projects
Business, Kanana Katharangsiporn, Published on 24/01/2024
» As global uncertainties persist, SET-listed developer Sansiri will launch 46 new residential projects worth a combined 61 billion baht and aims for a transfer growth of 10% to 43 billion baht by year-end.
Reduced property fees extended
Business, Wichit Chantanusornsiri, Published on 27/12/2023
» The cabinet approved extending the reduced ownership transfer and mortgage fees for another year, which is expected to increase GDP by an additional 0.5%, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.