The FPO is reviewing measures to help real estate increase the loan for 1 million homes to 2 million baht

March 30, 2024 – Ms. Radclaw Inthawong Suwankiri, Deputy Spokesperson for the Prime Minister’s Office, revealed that Mr. Kritsada Chinewcharana, Deputy Minister of Finance, is preparing to study and review measures needed to assist the real estate sector. To grow and because it is an important driver that drives the economy to 10% of GDP, measures have recently been studied to reduce transfer registration fees from 2% to 1% and mortgage registration fees from 1% to 0.01%, and at the present time this measure only helps real estate. .Search for the trading price The estimated value of the property does not exceed 3 million baht, and the mortgage amount does not exceed 3 million baht, and will be extended to allow the purchase price to exceed 3 million baht to be eligible to participate in the procedure as well. But the rights are only given to the first 3 million baht.

Ms Rudclaw said that for financial measures the Million Homes Project, Phase III of the State Housing Bank, which stipulates that loans can only be granted to buyers of construction homes and that the maximum loan amount per person per collateral is not more than 1.5 million baht will be expanded to include the maximum For the price no more than 2 million baht because it is difficult to find houses whose price is no more than 1.5 million baht and it is not risky. As for reviewing land and building taxes that have been used for 5-6 years, the Ministries of Finance and Interior are meeting to review them appropriately. For example, regulating land types more clearly, including giving local government organizations (local administrative organizations) the power to exercise discretion where appropriate, such as vacant land where the owner has planted trees for horticulture. But it does not meet the criteria for agricultural land. Local administrative organizations can decide what standards they will fall into, and as for land and building tax rates, there is no idea whether they will increase.

“Modifying such measures and to stimulate the real estate economy, Mr. Cressada ordered the Fiscal Policy Office (FPO) to prepare details to present to the Cabinet meeting soon,” Ms. Radclaw said.

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