Property developers are launching promotional campaigns to lure buyers before stimulus tax breaks expire in March.

Promotional giveaways include one million air miles for Thai Airways International, gold bars and package holidays.

Tax breaks for buyers and developers consist of lowered transfer and mortgage fees to 0.01% from 2% and 1% respectively, and cut the special business tax to 0.1% from 3.3%, expire March 26.

Buyers of The Surawong condominium, a joint venture between Chewathai Co and United Motor Works (Siam), are being offered 1 million THAI air miles per unit sold plus a 100,000-baht cash discount. The campaign runs until March 12.

Other promotions are being offered at the 22nd Housing and Condo Festival at the Queen Sirikit Convention Center that runs tomorrow through Sunday.

Fragrant Property Co is offering a one million baht deposit, or a top up of 40,000 to 50,000 baht a month under its rental guarantee scheme for two years, for buyers of fully furnished penthouses at its The Prime 11 condominium on Sukhumvit 11.

The first 10 buyers at its 4-billion-baht Circle project on New Phetchaburi Road will receive discounts worth up to 200,000 baht.

At the fair, Pacific Star International (Thailand) is offering buyers of its Sathorn Gardens condominium fully furnished units and other sweeteners such as a free BlackBerry Bold handset and free utility bills for a year.

L.P.N. Development Plc is offering cash discounts or gifts worth up to 90,000 baht for buyers at several of its condominiums. People purchasing ready-to-occupy units can obtain discounts ranging from 10,000 to 50,000 baht.

Sansiri Plc is teaming up with Siam Commercial Bank and Kasikornbank to offer special mortgages for 170 buyers of residential units at 25 of its projects until March 26.

Siam City Bank is offering home loans with variable interest rates.