Reporters reported today (25 December 2023), a source from the Ministry of Finance revealed thatMinistry of FinancePrepare to present it to the Cabinet meeting tomorrow (26 December 2023), which is the last meeting of the year. To consider renewing the measure to reduce fees for registration of rights and legal acts for residences. which will expire on December 31, 2023
By reducing the registration fee for real estate transfers from 2% to 1% of the appraised or selling price. and reducing registration fees for real estate mortgages from 1% to 0.01% of the loan amount In order to stimulate the real estate sector
At the same time, if the measures to control housing loans (Loan to Value: LTV) are relaxed, it will help the Thai real estate sector even more. In addition, at present there are no signs of bubbles in the real estate sector like in the past, which is the reason that the Bank of Thailand has to issue the LTV measure to be enforced at present.
The real estate sector is a large business and plays an important role in helping drive the Thai economy. There are people who have greatly benefited from the growth of such businesses. Moreover, there are many supply chains involved. Therefore, if the relevant agencies Able to loosen criteria for various measures To support the growth of the real estate sector It’s probably a good approach.
While previously the Ministry of Finance had discussed withBank of Thailand The BoT has already lowered the LTV measure to support the real estate sector. This confirms that it is necessary to maintain the LTV measures according to the current rules. They reasoned that they still did not see the need to reduce the LTV criteria.
In addition, the source said that one must keep an eye on the Ministry of Finance’s presentation in order for the Cabinet meeting to consider renewing the transfer fee reduction measure. and further mortgage the real estate Which will end on December 31, 2023, will it be approved or not? Because it may lead to being noticed in the matter of Conflict of interest, including the present. Mr. Settha Thaweesin The Prime Minister holds the position of Finance Minister. In addition, he was previously a senior executive of a large real estate company.
2023-12-25 16:11:20
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