PUBLISHED : 29 Mar 2024 at 08: 35 People browse home and condominium offers at a residentialorcommercialproperty fair. (Photo: Houseandcondoshow Facebook page) The Finance Ministry might thinkabout raising the rate limitation for realestate systems eligible for federalgovernment assistance, intending to promote development in the genuine estate sector. Speaking at the yearly residentialorcommercialproperty workshop on Thursday hosted by the Housing Finance Association, Deputy Finance Minister Krisada Chinavicharana stated the ministry is thinkingabout the problem, as proposed by the personal sector. Houses priced less than 3 million baht are presently entitled to federalgovernment rewards, makingup transfer charges decreased from 2% to 1% and homeloan registration charges lowered from 1% to 0.01%. Houses priced less than 3 million baht account for up to 75% of the realestate loan portfolio. Mr Krisada stated for the “One Million Homes Project” managed by the Government Housing (GH) Bank to aid propertybuyers discover inexpensive homes with low-interest loans, the ministry might boost the homeloan limitation to 2 million baht per un
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