Cabinet approved measures on April 9, 2024 to boost property sector with fee reductions, tax deductions, and low-interest loans. Impact on market demand expected to be limited, cautious approach needed for new projects.
The Cabinet approved measures on April 9, 2024, aimed at boosting the property sector. These measures include a revision of registration fee reduction for ownership and legal transactions of residential properties, a reduction in transfer and mortgage fees for properties valued under 7 million baht, individual income tax deductions for home construction, low-interest housing loans, and a promotion of residential projects for low-income earners by the Board of Investment.
SCB EIC believes that the revised registration fee reduction measure will be effective in stimulating the property market, particularly in the mid-priced segment. This measure is expected to encourage…
