Developers take a hit as LTV easing ends
The expiration of the easing of loan-to-value (LTV) limits has had an impact on two-thirds of listed developers, resulting in residential sales revenue declining year-on-year in the first quarter of 2023.
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The expiration of the easing of loan-to-value (LTV) limits has had an impact on two-thirds of listed developers, resulting in residential sales revenue declining year-on-year in the first quarter of 2023.
SET-listed developer Lalin Property Plc is aiming for growth of at least 10% in 2023 as the normal loan-to-value (LTV) limits will have a minimal impact on target customers in the real demand segment.
Real estate stocks will directly benefit from the Bank of Thailand (BoT)'s decision to raise the loan-to-value (LTV) ratio for mortgage lending to 100% to revive the property sector, said analysts from Maybank Kim Eng Securities (MBKET).