Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Thailand’s government has decided to extend reduced ownership transfer and mortgage registration fees for another year in an effort to support the country's struggling property sector. The concession, which lowers both fees to 0.01% for eligible residential properties, will now remain in effect until June 2027. The move is aimed at encouraging home purchases, easing financial pressure on buyers, and helping revive demand in the real estate market, which continues to face challenges from weak economic conditions and slower property transactions.
Thailand's cabinet has approved a one-year extension of reduced ownership transfer and mortgage registration fees to provide continued support to the country's struggling property sector.
Under the decision, the ownership transfer fee and mortgage registration fee for eligible residential properties will remain at 0.01% until June 2027. The extension is intended to encourage homebuyers, improve property transactions, and support the broader housing market.
The fee reduction was introduced earlier as part of the government's measures to revive the real estate sector, which has been affected by subdued domestic demand, high household debt, tighter lending conditions, and slower economic growth. By extending the concession, the government aims to reduce transaction costs for buyers and improve market activity.
Thailand's property market has continued to face pressure over the past few years despite various support measures. Developers have also been dealing with slower sales and cautious consumer sentiment, prompting the government to continue policy support for the sector.
Source Reuters
Advertisement
Facebook
Whatsapp
