Housing
- Thailand News
Thailand’s new housing project targets lower income families
Lower-income Thai citizens will soon have access to an affordable housing project through the Homes for Thais initiative, which offers accommodation on state-owned land without requiring down payments. The programme instead implements a monthly rental system. The Transport Ministry will present the project details to Cabinet today, January 13. Prime Minister Paetongtarn Shinawatra will launch the initiative on Friday, January…
- Bangkok News
Dream homes for less: Thai govt rolls out affordable housing project
Thais earning under 50,000 baht per month are being offered a golden opportunity to own a home in the city through the government’s “Baan Pheu Khon Thai” (Homes for Thais) initiative, with registration set to open on January 20. The project, announced by Transport Minister Suriya Juangroongruangkit, aims to provide affordable, fully furnished housing near urban centres, leveraging land owned…
- Business News
Thailand’s debt drive: Putting the brakes on cars and homes
The financial woes of Thailand have taken centre stage as crippling debt levels put the brakes on car sales and curb the housing market, particularly among low-income households. With banks wary of non-performing loans (NPLs), many hopeful borrowers are seeing their applications for mortgages and car loans hit the skids. In response, the government is steering new initiatives to tackle…
- Thailand News
Thailand leases state land to improve citizens’ living conditions
The Government of Thailand has initiated a transformative project to lease state-owned land to citizens across nine provinces, aiming to improve their living conditions. Spearheaded by the Ministry of Finance, the initiative is said to benefit approximately 1,900 individuals over the next six months, covering around 7,000 rai (over 2,767 acres). Deputy Finance Minister Paophum Rojanasakul announced the launch of…
- Thailand News
Interest-ing development: Ministry slashes housing loan rates
The Ministry of Social Development and Human Security announced a significant reduction in housing loan interest rates by 0.5% for one year, aiming to support citizens during challenging economic times. Minister of Social Development and Human Security, Varawut Silpa-archa revealed this decision at a press conference at Government House at 10am today, May 28. The Community Organisations Development Institute (CODI)…
- Business News
Home loan difficulties lead to six-year low in housing transfers
Difficulties in securing home loans have led to a significant decline in housing transfers across the country in the first quarter, reaching the lowest level in six years and marking the fifth consecutive quarter of decline. The Acting Director-General of the Real Estate Information Center (REIC) Vichai Viratkapan reported that residential demand nationwide contracted in the first quarter, with housing…
- Thailand News
Affordable housing in Bangkok from 1,950 baht with vocational training offered
National Housing Authority (NHA) is inviting individuals who aspire to own a house but are not yet ready to purchase one, to visit their Sukhaphat Celebrating Bangkok project. Interested parties can immediately sign a rental contract with rent starting at just 1,950 baht per month. Additionally, the company offers free vocational training. Those adept at trading can immediately reserve a…
- Thailand News
Bangkok slum advocates unite: Demand for affordable housing echoes on World Habitat Day
Advocates from the Four Regions Slum Network approached Bangkok Governor Chadchart Sittipunt, demanding immediate action to alleviate the city’s affordable housing crisis for its underprivileged citizens. The plea took place during a protest at Lan Khon Muang Plaza yesterday, October 2, coinciding with World Habitat Day, an annual event observed. The protesters submitted a list of requests to the 57…
- World News
Singapore’s private home prices soar to US$1.2 million, topping Asia Pacific cities
The median price of a private home in Singapore reached US$1.2 million in 2022, making it the highest among Asia Pacific cities, according to a report by the Urban Land Institute (ULI) Asia Pacific Centre for Housing. Singapore is also ranked as the most expensive city in the region for renting a private home. The median private home price in…
