Thailand’s Ministry of Finance could be set to implement short-term measures to boost Thailand’s property and real estate markets later today.
Many Thai media channels have reported this morning that the expected reduction in transfer fees – down from the current rate of 2.00 percent – to 0.01 percent – could be set to be confirmed shortly.
At the same time mortgage tax fees may also be reduced from 1.00 percent to the same 0.01 percent for a period of at least six months.
These measures were first proposed to the Thai cabinet on October 6 this month.
The Public Relations Department of the Royal Thai Government, as of 7.30am this morning, had yet to confirm any details of confirmed measures, although it is understood the property stimulus measures will be discussed at a further cabinet meeting later today.