Make a package to buy real estate to support capital.

Finance Ministry holds Cabinet meeting to release real estate stimulus package Reduce transfer-mortgage fees for houses priced not more than 7 million. Deputy Spokesman of the PAD supports “buy-build-repair” housing to stimulate the economy, urges the “Bank of Thailand” to reduce interest rates in line with calls for “Moving Forward” to hold back. Settha” hopes to release stocks Warning for the emergence of policies to support the 1000-dollar capital group Point out that the people who benefit are foreign purchasing power. It is recommended that we start with affordable house prices in the middle of the city.

On Monday, Mr. Kritsada Chinavicharana, Deputy Minister of Finance, revealed that at the Cabinet (Cabinet) meeting on April 9, the Ministry of Finance will propose a package of real estate stimulus measures for the meeting to consider. There will be both monetary and fiscal measures. To help stimulate the real estate business and to reflect the current real estate price situation that has increased

“The proposed measures include expanding the reduction of transfer and mortgage fees. Including the loan measures of the Government Housing Bank (GH Bank), which already has a special credit limit to cover more real estate groups,” Mr. Krisada said.

The Ministry of Finance has informed that on April 9 at 2:30 p.m., the Ministry of Finance executives will announce measures to stimulate the economy through the real estate sector. and preparations to support the process of elevating Thailand to a world-class industrial city center (Thailand Vision) at Naree Samoson Building, Government House. There will be Mr. Kritsada Chinawicharana, Deputy Finance Minister, and Mr. Chulaphan Amornvivat, Deputy Finance Minister, along with Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance, and Mr. Pornchai Teeravej, Director of the Fiscal Policy Office (FPO). .) as the speaker, there was also Mr. Withai Rattanakorn, Director of the Government Savings Bank, and Mr. Kamonpop Veerapala, Managing Director. Government Housing Bank (GH Bank) also joined in the announcement.

Mr. Chanin Rungthanakiat List of MPs and Deputy Spokesman of the Pheu Thai Party said that the current economy is still growing below its potential. One of the main reasons is the lack of adequate and diversified investment capital. which stimulates investment that can create a chain effect to other businesses The most profitable is the real estate sector. Therefore, we strongly believe that the measures that the government is preparing to announce will encourage buying, building, and repairing homes. to draw money into the system through employment Purchasing construction materials and production, which will also have an effect on stimulating GDP. He would like to have measures aimed at helping those with low to middle incomes. You can also own a quality residence yourself. Because this group is the largest market. In addition to creating an economic impact, It can also raise the quality of life standards of the people according to government policy.

Mr. Chanin said In addition to the measures that the government can take. I would like to appeal to the Governor of the Bank of Thailand. Consider reducing the policy interest rate as has been demanded for a long time. To help reduce the interest burden of home loan borrowers. and relax the LTV (Loan-to-Value) measure so that buyers can borrow a higher percentage or 100% to make it easier for people to access home loans and become homeowners. Because housing is a necessary product. and has an average price that continues to grow over time Not a luxury product In addition, the bank’s loan consideration must also consider the borrower’s repayment potential. It is believed that if the restriction on how many percentage of the value of this property can be borrowed is released. It will have a positive effect on the economy. And there are also consequences that help stimulate the buying and selling of both new and old houses. Help bring money back into the system in another way as well.

“I am confident that the Prime Minister Settha can revive the Thai economy. and the quality of life of the people can be improved together But financial measures themselves are very important in driving economic policy. If the national bank can work as a team with the government It will be most beneficial to the country,” Mr. Chanin said.

Meanwhile, Mr. Suphanat Minchainan, MP for Bangkok, Kao Klai Party, mentioned the case of Mr. Settha Thavisin, Prime Minister and Finance Minister, preparing to propose measures to stimulate real estate. This is a reduction in the amount of transfer fees and mortgages for residences to 0.01% from the original house price not exceeding 3 million baht to a house price not exceeding 7 million. It will be submitted to the Cabinet meeting on April 9 that if In other words, it is a way to release stock to the real estate sector. Because at present real estate In Thailand it is difficult to vent. Because the high interest factor may be a factor. This affects large capital groups whose financial costs are affected. This is another angle that the Prime Minister wants to push for low interest rates. Let people buy to sell real estate. However, it may be viewed that It is a policy that benefits the real estate group. which may be linked to the Prime Minister So be careful.

Mr. Suphanat said As for the base adjustment, houses worth 7 million will receive that benefit. He considered it too high. If the Prime Minister wants to do it, he should push for cheap houses in the city center. It is better for the government to use such policies to release private sector stocks. Because a house priced at 7 million is a small purchase. The purchasing power of the people is low. Most of them will come in the form of nominees. If a foreigner wants to buy, they will use a nominee using a Thai person’s name and go in and buy. Because after looking at the current statistics Myanmar people come to buy real estate. in Thailand a lot However, the government wants to issue measures like this. I think it’s because foreigners have purchasing power.

“As I said before about city planning. In foreign countries, if you want to build a large condominium, part of that area must be developed into condominiums. at an affordable price In Thailand, if it can be done, it will make people with low incomes He will have a cheap place to live in a good location. Because today, if we look at the push for housing projects, the Housing Authority will have to find bad locations. Even if people with low incomes have a real place to live. But he had to incur additional financial and travel expenses. Therefore, we must be careful about this issue whether it is in favor of real estate investment groups or not. This matter has been linked since the city planning dimension,” Mr. Suphanat stated.

Mr. Suphanat also said that But from another perspective, it is seen that there is a drain on the supply here. It will allow for drainage in the construction materials sector. Once you can vent, you can start a new project. It will create employment. which can look at this dimension For the construction sector, it’s not about whether you sell to the high end or the low end. You just hire workers for the same price. Whether it’s a condo Expensive or cheap condominiums, you are better off marketing at the lower level. If the price of a frame house does not exceed 5 million, it may be enough for people in the city, but if it is 7 million, it may be middle class people instead of what the government wants to stimulate. You are stimulating condos. Luxury or not, a condominium costing 7 million per room is definitely a condominium. Luxury can be sold, but suddenly people who don’t have money will buy condos. Why go luxury?