15 Oct '15, 4am

#singapore #property Thailand rolls out new property measures: The Thai government has

#singapore #property Thailand rolls out new property measures: The Thai government has

Comment E-mail to friend Bookmark & Share The Thai government has approved a series of economic measures in the hope of lifting the sluggish property market. The cuts in fees and taxes is designed to help low-income citizens who have struggled to secure mortgages. The incentives started yesterday, 14 October, and run until April 2016. These include reductions in the housing transfer fee to 0.01 percent from two percent, and bringing down mortgage fees to 0.01 percent from one percent. Meanwhile, another incentive will kick in at the start of 2016. Buyers of homes costing less than THB3 million (approx. S$117,091) will benefit from a tax deduction of 20 percent of the total price. At the same time, soft loans amounting to THB10 billion will be offered by the Government Housing Bank (GHB) for home buyers who have been rejected by commercial banks. If insufficient, the govern...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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