Showing 1-10 of 28 results
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Tax perk for property buyers on the cards
Business, Wichit Chantanusornsiri, Published on 23/04/2019
» The Revenue Department has proposed a tax deduction for property buyers as part of a seven-measure package to prop up economic growth during the transition to a new government.
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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.
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Ministry urges help for homebuyers
Wichit Chantanusornsiri, Published on 25/12/2023
» Policymakers in the Finance Ministry recommend the government implement measures to improve the property sector, helping to stimulate the economy next year, says a ministry source who requested anonymity.
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Capital market leader for escrow transactions
Business, Wichit Chantanusornsiri, Published on 02/09/2023
» Fiscal Policy Office (FPO) data reveals for the 15-year period the country has had escrow legislation, escrow service transactions tallied 867 billion baht, mainly attributed to capital market transactions, according to an FPO source who requested anonymity.
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Phase two of low-cost house scheme in sight
Business, Wichit Chantanusornsiri, Published on 01/04/2021
» The government is set to roll out the second phase of the One Million Houses low-cost housing scheme worth 30-50 billion baht with a fixed rate of 2% for 10 years to help low-income earners buy a home and stimulate the domestic property sector.
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Dhanarak Asset casts wider net
Business, Wichit Chantanusornsiri, Published on 15/06/2020
» The Treasury Department has instructed Dhanarak Asset Development to branch into developing other types of property, starting with residential projects for civil servants, with the goal of boosting annual income remittance tenfold to 1 billion baht.
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Stimulus a band-aid for gaping wounds
News, Wichit Chantanusornsiri, Published on 28/11/2019
» Despite several "stimulus" measures launched by the government in the past year, the Thai economy is still being buffeted by the volatility of international trade. This year's growth projection has been adjusted to a level much lower than previous predictions due to a slowdown in exports, which account for 70% of the economy.
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Aid package for property under way
Business, Wichit Chantanusornsiri, Published on 19/10/2019
» An aid package for the property sector that includes a temporary cut of mortgage and transfer fees to a single rate of 0.01% for homes priced at up to 3 million baht will seek cabinet approval this month.
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Low-cost homes blocked by loans
Business, Wichit Chantanusornsiri, Published on 16/07/2019
» As many as 80% of loan applications for the state's low-cost housing scheme have been rejected, a hurdle that could force some project developers to stall plans amid subdued demand.
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Handout quota of 10m
Business, Wichit Chantanusornsiri, Published on 24/04/2019
» A 1,500-baht cash handout for spending in 55 second-tier provinces will be allocated to 10 million people who register to participate in the scheme on a first-come, first-served basis.
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