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The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
Three real estate associations are urging homebuyers to make a decision this year as new residential development costs will affect housing prices in the second quarter of 2023.
Property market may not return to pre-pandemic levels until 2024, due to a slower-than-expected economic recovery amid a new coronavirus outbreak and higher inflation, the research unit of the Government Housing Bank said on Friday.
Real estate players want tax perk continuation published : 17 Dec 2020 at 04:00 10 The government should extend the property tax incentives that expire on Dec 24, temporarily revoking the lending curbs to provide a longer visa for foreign buyers, which would support the housing market in 2021, say three real estate associations. Chaiyarat Thampeera, a director of the Thai Condominium Association, said the government should offer incentives to help the economy and the property sector during the downturn. "Measures that are about to expire should be extended or reus...