PM discusses economic recovery with property sector honchos

By The Nation

 

 

Prime Minister Prayut Chan-o-cha held discussions at Government House with businessmen and entrepreneurs involved in the property sector on ways to drive the country's economy.

 

The prime minister and Deputy PM Supattanapong Punmeechaow met Pornnaris Chuanchaisit, president of the Thai Real Estate Association, and representatives from Home Builder Association, Supalai, Sansiri, AP (Thailand), Land and Houses, Pruksa Holding and Goldenland Residence.

 

Supattanapong said they had proposed various ideas and confirmed that customers, both domestic and overseas, still have purchasing power and there was still demand for properties in Thailand.

 

"This is an opportunity for the government to support the business," he said. "They offered opinions on various issues such as loans for buying properties, the loan to value measure, tax support and town planning that the government needs to study in detail later."

 

He added that the government would propose to the Centre for Economic Situation Administration, within two weeks, packages to encourage people to buy residences.

 

"The government will use comments from the property sector to help revive the country's economy," he added.

 

Source: https://www.nationthailand.com/news/30394006

 

-- © Copyright The Nation Thailand 2020-09-04

 

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I would love to be a fly on that wall.

 

" the economy is down the pan" "Yes". "what shall we do'? "Lets start a committee". "Is that it"?

Why buy a property in a place where visa extensions have been made complicated.

Edited September 4, 20205 yr by Destiny1990

4 hours ago, Laughing Gravy said:

I would love to be a fly on that wall.

 

" the economy is down the pan" "Yes". "what shall we do'? "Lets start a committee". "Is that it"?

With property developers, all sharks in the think tank together.

buy a condo, get a visa for life, would be a start or PR for 5+ million

Immigration and constant changing rules is why we left. Why anyone sorry why any expat would buy property in Thailand is beyond my comprehension. I just dont understand how anyone could now be thinking of Thailand as a place to retire in. 

50 minutes ago, hotchilli said:

With property developers, all sharks in the think tank together.

What part of property developing do you learn on a parade ground? Did the unelected "PM" learn about property developing at the military academy?

33 minutes ago, Bender Rodriguez said:

buy a condo, get a visa for life, would be a start or PR for 5+ million

And, relax the foreign quota rules while you're at it. 

59 minutes ago, Bender Rodriguez said:

buy a condo, get a visa for life, would be a start or PR for 5+ million

Sorry but more than half of the expats here can't scrape the 800,000 for a retirement visa.....where they gonna get the 5+ million. I have the money but wouldn't even consider it.

1 hour ago, Bender Rodriguez said:

buy a condo, get a visa for life, would be a start or PR for 5+ million

That would be progressive thinking. Something Prayuth is incapable of. That would also demonstrate vision. Something he was not blessed with. And it would require an easing of the xenophobia here. Actually doing something to make us feel welcome, for a change. HE, is not going to be the one to make that happen. 

 

For Prayuth to even be chairing a meeting like this, is a bit like asking an Eskimo to design a central air conditioning system for a mall. He is so out of his depth. But, I suppose he has to maintain appearances, and at least make it look like he is doing something. 

They may think things are rosy but wait untill all the people start defaulting on mortgages

2 hours ago, possum1931 said:

What part of property developing do you learn on a parade ground? Did the unelected "PM" learn about property developing at the military academy?

Absolutely, the military own and run many properties as part of their portfolio... within the last few days they boasted about opening their 5 star spangled hotel.

The vibe i have gotten over the last years is : They do want the investment but they don’t want the investor !

????

20 hours ago, Scot123 said:

Immigration and constant changing rules is why we left. Why anyone sorry why any expat would buy property in Thailand is beyond my comprehension. I just dont understand how anyone could now be thinking of Thailand as a place to retire in. 

Better than where I come from I would be 73. 

Thanks to low tax I can do in the next decade I'll be no more than 55. 

I think it's a good reason. 

I'm sure there are many more. 

And it's only because of my lifestyle I use too much money on cars and have too many. 

If I didn't do that I could do it now thanks to my wife and thailand. 

 

On 9/4/2020 at 11:43 AM, Scot123 said:

Immigration and constant changing rules is why we left. Why anyone sorry why any expat would buy property in Thailand is beyond my comprehension. I just dont understand how anyone could now be thinking of Thailand as a place to retire in. 

As a multiple (well 2) property owner in Thailand, I have to agree with you. Thailand is just too legally unstable for a foreigner who does not have family commitments to buy IMHO. When I bought things actually looked good (25 years ago) in terms stability and the possibility of more foreigner friendly rules/laws. Indeed in the Thaksin era land purchases for foreigners looked a dead cert to happen. 

 

But since things have never really changed for the better and recently the outlook just looks more bleak for equality under the law in Thailand.

 

I think it still has some attractiveness for retirees but not nearly as much as it used.