March 30, 2024 – Mrs. Radklao Inthawong Suwankiri, Deputy Spokesperson for the Prime Minister’s Office, revealed that Mr. Kritsada Chinawicharana, Deputy Finance Minister, is preparing to consider and review measures to help the real estate sector. to grow up Because it is an important engine driving the economy to 10% of GDP, recently measures are being considered to reduce transfer registration fees from 2% to 1% and mortgage registration fees from 1% to 0.01%. Currently, this measure only helps real estate. Find at the trading price and the appraised value of the property does not exceed 3 million baht and the mortgage amount does not exceed 3 million baht, which will be extended to allow the purchase price to exceed 3 million baht to be eligible to participate in the measure as well. But rights are given only to the first 3 million baht.
Mrs. Rudklao said that as for financial measures The Million House Project, Phase 3 of the Government Housing Bank (GHS), which stipulates that loans can only be given to buyers of construction houses and that the maximum loan amount per person per collateral is not more than 1.5 million baht will be expanded to a maximum price of not more than 2 million baht because Homes priced no more than 1.5 million baht are hard to find and aren’t too risky. As for the review of land and building taxes that have been in use for 5-6 years, the Ministry of Finance and the Ministry of Interior are coming together to review them appropriately. For example, organizing land types more clearly, including giving local government organizations (Local Administrative Organizations) the authority to exercise discretion as appropriate, such as vacant land where the owner has planted trees for gardening. But it does not meet the criteria for agricultural land. Local administrative organizations can decide which criteria they will fall into. As for the land and building tax rates, there is no idea of increasing them.
“Adjusting such measures To stimulate the real estate economy, Mr. Krisada ordered the Fiscal Policy Office (FPO) to prepare details to bring to the meeting. Cabinet soon,” Mrs. Radklao said.
2024-03-30 05:24:35
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