Developers are advocating for an increase in foreign ownership quotas for condominiums in select regions to help stimulate economic growth. This comes after observing a sustained rise in demand from international buyers last year, a trend that is expected to persist.
The Cabinet approved the transfer and mortgage fee cuts on Tuesday and also raised the limit from 3 million baht to 7 million baht for condo and house prices. Normally, the transfer fee is set at 2% of the transaction value and the mortgage fee at 1% of the transaction...
BANGKOK: On Tuesday (Apr 9), Thailand will unveil a set of new initiatives aimed at the property market, as announced by the finance ministry. These steps are part of broader efforts to rejuvenate the economy of Southeast Asia’s second-largest nation.
A recent study by C9 Hotelworks shows the increasingly blurred distinction between major hotel chains and the real estate sector as the destination reaches new developmental milestones.
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