Thailand Business News – Thai Real Estate Association president Kittipol Pramoj na Ayudhya said his organisation and the Thai Bankers’ Association had submitted a letter to Prime Minister Abhisit Vejjajiva on Sunday, asking for the extension. Before yesterday’s decision, the … Thailand Business News

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Property tax incentives extended for two more months

In spite of these positive signals, figures from the Real Estate Information Centre indicate a lack of confidence from the banking sector in approving new loans, which has tightened criteria to require presales of 40-50% versus 30% a year ago. With the availability of debt finance in Thailand still limited, many expect an increase in foreign fund providers from Malaysia, Israel and Singapore to start driving the recovery of Thailand’s condominium market.