special report
Open the pattern of the Thai real estate market Organize a heavy campaign – get a loan of 100%
This is good news for people who are planning to buy a house. Especially people who buy second and third houses when the Bank of Thailand (BOT) or the National Bank Announcement to temporarily relax the regulation on mortgage loans and other loans related to home equity loans (LTV)
stipulates that private and government financial institutions can grant loans with LTV not exceeding 100% for all loan contracts and all price levels (from 80%-90%), effective from 20 Oct. 2021 – 31 Dec 2022.
Mr. Don Nakornthap, Senior Director Financial Stability Department The Bank of Thailand (BOT) said the Thai economy is recovering from COVID-19. Although the recovery is still fragile, the Bank of Thailand is looking for measures to stimulate the economy.
“Real estate is seen as an important and related business sector, accounting for more than 9.8% of gross domestic product (GDP) and employing more than 2.8 million people. Go to middle-income earners and above which has the ability to pay off debt is still quite good.”
Mr. Don said and said even in high household debt But I believe that commercial banks should be willing to give loans to this group of people. and if the government has fiscal measures to reduce transfer-mortgage fees to add
In addition, the overall economy has continued to recover after the city’s opening on November 1 and there are no events that affect the big economy as a whole. It is expected that this group should have the power to pay the debt. And will help generate money from new loans from commercial banks into the economy by about 50 billion baht.
However, if the Bank of Thailand sees the return of speculation is ready to suspend the relaxation measures immediately Just like being born in New Zealand
Mr. Wichai Ratkaphan, Inspector General of Government Housing Bank And acting director of the real estate information center, said the easing of LTV measures could stimulate those with purchasing power and the ability to pay off debt to buy and build housing debt. This will help drain about 283,500 new homes left on the market.
It is expected that sales in 2021 will exceed 100,000 units, amounting to not less than 500,000 million baht, which does not include second-hand housing with a supply of more than 100,000 units waiting to be purchased and various industries. related
While Krungsri Research stated that The easing of LTV measures is one of the measures that will further stimulate the economy. by focusing on extracting excess savings (excess savings) of those who have the power to spend And support the demand for buying that has been kept to come back to increase faster.
Krungthai Compass estimates that the housing market in 2022 will benefit from from government measures It is expected that the transfer value of housing in Bangkok and perimeter next year There is an opportunity at 646 billion baht and may increase to a maximum of 691 billion baht from the relaxation of the LTV criteria.
Residential developers ready to transfer ownership by the end of next year will benefit most from the easing of the LTV threshold and have the opportunity to boost the value of the Bangkok housing market. and the perimeter at the most, approximately 45,000 million baht, representing the highest upside of 7%
while real estate operators They have responded to the measures and are ready to launch marketing campaigns to stimulate the purchasing decisions of customers during the final curve.
Mr. Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, sees the real estate market in late 2021 showing better signs from the stimulus measures, which is good news for both buyers and entrepreneurs. Because the customer’s limit can be borrowed higher.
In addition, customers who already have a home But I want a condominium near my work place or near the children’s school, the customer group has the first house but wants to expand the family in a larger house Or the customer group already has a condo but wants a house-townhome with a price of not more than 10 million baht, etc.
“Sansiri gathers 12 ready-to-move-in housing projects. Both condominiums, detached houses, townhouses in all price levels ranging from 1.4-36 million baht. Organize a special discount campaign with free gifts and free of charge on every transfer day.
Especially every condominium project that participates in the program will be free for 2 years, such as the Oka House project, XT Ekamai, XT Huai Khwang, La Habana Hua Hin.
detached house project Get discounts from 2 hundred thousand baht – 3 million baht, such as Burasiri Rama 2 project, 7-15 million baht, Burasiri Watcharaphon, 13.99-22 million baht.
Townhouse projects such as Baan Saransiri Srivaree, price 5.29-12 million baht, receive a maximum discount of 1 million baht.
Such promotions when booking from today-31 Dec.
Mr. Piya Prayong, Chief Executive Officer of Pruksa Real Estate Public Company Limited, said that the easing of LTV measures will have a positive effect on the overall Thai economy. It also helps to strengthen the purchasing power of customers. especially for buyers in the price range of 2-5 million baht who have income ranging from 30,000-100,000 baht, reducing the burden of preparing the down payment
At the same time, Pruksa organizes a campaign “Special discount, big, does not grow” for single houses, townhouses, condominiums, which are completed and ready to transfer, with 140 projects, totaling more than 1,500 units, offering a maximum discount of 2 million baht.
Offers including free stay up to 36 months, central free up to 36 months, free electrical appliances Free of charge on the day of transfer with a guarantee that the loan does not pass, is willing to return the money (Only participating units) Only for those who book by December 31st.
While Mr. Opas Sripayak, Chief Executive Officer and Managing Director of LPN Development Public Company Limited, said that the relaxation of LTV, the opening of the country on November 1, including measures Stimulate the economy in different countries This is a good sign.
causing the company to launch a campaign “Lumpini Condo Fair” by offering condominiums ready in various locations, totaling 17 projects at a special discount price of up to 50%, starting from only 8.19 hundred thousand baht, with free transfer fees.
There are 4 projects out of 17 projects that can join the Million Houses Project of the Government Housing Bank (GHB) to receive special interest rates.
Nirvana Daii Public Company Limited Organized the campaign ‘Nirvana, pay less, get a lot’, bringing 8 ready-to-use projects, namely detached houses, townhomes and home offices, starting from 8.9-40 million baht, to organize special promotions of the year. Focusing on reducing the burden of monthly loan installments as low as 10,300 baht/month for a period of 24 months
Clients or investors can borrow 100% of the collateral on all contracts. The company also offers cashback from purchases worth up to 3 million baht, halving the burden on reservations and contracts. And free of charge on the transfer date within 31 Dec.
SC Asset Corporation Public Company Limited organizes the year-end campaign ‘SC FINAL SALE’, including 43 houses and townhome projects, with a total promotion value of over 95 million baht, starting from 2.39-45 million baht from today. -15 Dec.
Magnolia Quality Development Corporation Limited (MQDC) Organize a campaign ‘Whizdom Sense of Living’, a project that allows customers to pay installments up to 36 months and receive all expenses on the transfer date.
Only 3 ready-to-move condominium projects, consisting of Whizdom Avenue Ratchada-Ladprao, Whizdom Inspired Sukhumvit and Whizdom at Punnawithi Station. The starting price is 3.1 million baht.
Raimon Land Public Company Limited Organize a promotion of 11 special units ‘RAIMON LAND COLLECTION’, such as Tette Sathorn Twelve and The Estelle Phrom Phong, receive a maximum discount of 1.1 million baht, along with “RML Private Experience”, an exclusive gift. Luxe worth more than 400,000 baht from 1-30 November, starting price 209,000 baht / sq m.
Mr. Churat Chakonkul Managing Director of Lalin Property Public Company Limited said that the company launched 2 new home projects in both Bangkok and its vicinity. Starting with the Leo Prestige project in the Rattanathibet-Westgate zone. It is a townhome with a price of 2.7-3 million baht.
You will have to keep an eye on 14 months from now. How will applying for a loan for buying houses and condominiums with the maximum credit limit of 100% be lively and how much will it help to push the country’s economy?
