The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored. It is…Continue reading
Property experts have urged the government to launch further measures to drive the market by attracting more foreign investors and boosting the low-income segment, following the tax allowances announced for the sector on January 20 Continue reading
Commercial banks should loosen their home-loan approval conditions including income and employment requirements in order to help the property industry, suggests Atip Bijanonda, president of the Thai Condominium Association. Due to the global financial crisis, many banks in Thailand have tightened screening of mortgage applicants for fear of non-performing loans…Continue reading
Suchart says industrya key economic driver The Finance Ministry may extend tax and fee-reduction incentives for real estate purchases beyond next March, said Finance Minister Suchart Thada-Thamrongvech. Real estate associations submitted a request for an extension yesterday, along with other proposals, including one that the Bank of Thailand cut interest…Continue reading
Lehman was a major Bangkok landlord The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand’s prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman’s global assets, listed at $639 billion as of May…Continue reading
Market buoyed by profit potential, removal of 30% requirement.
Foreign investors are expected to invest up to Bt70 billion in the Thai property sector this year, following the lifting of the Bank of Thailand’s 30-per-cent capital reserve requirement. Continue reading