Bangkok, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand thanked the government. Announcing several measures to stimulate the real estate sector, confident that they will actually stimulate the Thai economy. Mr. Sanan Angubolkul, Chairman of the Board of the Thai Chamber of Commerce and the Board of Trade of Thailand, mentioned As the Ministry of Finance has proposed to the Cabinet to approve the 2024 real estate stimulus measures, all 5 major measures include 1) reducing transfer-mortgage fees, 2) reducing income taxes, 3) home loans for low- to middle-income earners. Fixed interest for the first 5 years, 3%, credit limit not exceeding 3 million baht, 4) home loans including expansion, repair, and redemption, average interest rate for the first 3 years, 2.98%, credit limit not exceeding 2.5 million baht, and 5) BOI housing project provides tax benefits to That entrepreneur The Thai Chamber of Commerce would like to thank the government for accepting the private sector's proposal. T his is because the real estate market has been heavily affected during the COVID-19 crisis in the past. You will see a picture of an oversupply of real estate, causing at present part of the real estate sector There was no drive to create new projects, causing other businesses in related Value Chains to stagnate as well. For the government's use of measures to stimulate the real estate sector this time, Especially stimulating purchasing power in the real estate sector. Among those with middle to lower income levels will make real estate That remains in the market can be drained out. and lead to the expansion of new projects in the future, while also supporting people with low to middle incomes to have the opportunity to have access to purchasing their first home. This helps create equality and improve the quality of life of the people. However, if considering the expansion of the transfer registration fee reduction not exceeding 7 million baht and the mortgage registration fee. The mortgage amount does not e xceed 17 million, remaining at 0.01%, which is mostly in urban areas or in the provinces. Including medium and small business groups will mainly benefit from such measures. As the government comes to help this group, it will make the decision to buy a house faster as well. The Thai Chamber of Commerce believes that From the measures issued today It will help solve the overall economic problem. Because the real estate sector is considered a sector that guides the Thai economy. At the same time, it also helps create new employment. and encourage middle-income people to have houses to live in This will complement other measures of the government, allowing the economy to recover even more. However, the Chamber of Commerce would still like to see measures to support attracting foreign investment (FDI), especially considering adding or expanding BOI benefits, including benefits. In coming to live in and occupy real estate of foreigners who have extended the time longer than before To attract foreigners to invest an d foreigners with knowledge More and more highly skilled people come to work in Thailand. This part will help stimulate the Thai economy to grow and compete in the future. Source: Thai News Agency