The eight proposals are as follows:
1. Changing the criteria for government’s measure that reduces property transfer and mortgage fees to 1% and 0.01%, respectively, to cover property priced 5-7 million baht (from currently not over 3 million baht). Alternately, the measure should be applied to the first 3-million baht of a property priced at 5-7 million baht.
2. Granting an income tax break for people who wish to build their house on their own land at 10,000 baht per 1 million baht of house value, capped at 100,000 baht tax break.
3. Granting a soft loan (3% interest rate) to low-income earners who wish to buy their first house, as well as providing 100,000 baht as down payment subsidy for first house buyers.
4. Amending the Interior Ministry’s criteria for land for residential and commercial purposes. Criteria for detached houses should be lowered from minimum 50 sq.wah to…
