rooster59 Posted October 19, 2019 Share Posted October 19, 2019 Finance Ministry eyes new packages to support developers, home buyers By The Nation Finance Minister Uttama Finance Minister Uttama Savanayana said on Friday (October 18) that his ministry is considering issuing new measures to support home buyers who have been adversely affected by the central bank’s loan-to-value (LTV) regulation imposed in April this year. However, he did not elaborate on the kind of measures to be offered. An informed source from the Finance Ministry said the ministry plans to seek Cabinet approval for new measures to support people who want to purchase homes worth no more than Bt3 million. The ministry will propose a 2-per-cent reduction on transaction fees and 1-per-cent cut on mortgage fees, so they only account for 0.01 per cent each of the house’s value. For instance, home buyers currently pay about Bt30,000 in fees if they purchase a house worth Bt1 million. But if the fees are cut, they will only be paying Bt200 in fees. The reduced fees will be in place for six months as the ministry aims to cut down on the stock of unsold new homes, which in turn will also benefit housing developers, the source said. The source added that this new measure will be beneficial for the middle-income group after the government previously helped the low-income group purchase homes. The government recently introduced many measures to help boost the local economy amid the global and domestic slowdown. Source: https://www.nationthailand.com/business/30377542 -- © Copyright The Nation Thailand 2019-10-19 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Redline Posted October 20, 2019 Share Posted October 20, 2019 Will they make payments too ???? that’s where the problem is ???? Link to comment Share on other sites More sharing options...
loong Posted October 20, 2019 Share Posted October 20, 2019 On 10/19/2019 at 7:23 AM, rooster59 said: The reduced fees will be in place for six months as the ministry aims to cut down on the stock of unsold new homes, which in turn will also benefit housing developers, the source said. Maybe the developers should reduce the prices. Link to comment Share on other sites More sharing options...
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