News

Markets slow, outlook good

Property markets in resort destinations such as Cha-am and Hua Hin are expected to slow down like others nationwide in the fourth quarter, but prospects are promising, with the planned development of Bangkok-Hua Hin high-speed train and Pattaya-Pran Buri ferry port.

Property tax law delayed by one year

Thailand is first property tax law is unlikely to come into force by January as scheduled but will be delayed by another year to 2018, according to the finance minister.

Cabinet approves tax, fee cuts for home buyers

The cabinet on Tuesday approved a series of economic measures to revitalise the property sector with low-income earners to benefit most. The incentives include cuts in the housing transfer fee to 0.01% from 2%, and slashing mortgage fees to 0.01% from 1% from next Monday to the end of April.

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