Housing
- Thailand News
Thaksin plans one million homes for low-income Thais
Thaksin Shinawatra, the former prime minister of Thailand and de facto leader of the ruling Pheu Thai Party, announced plans to construct up to one million housing units for low-income Thai nationals. The announcement was made during a rally in Bueng Kan province. The government recently launched the Home for Thais scheme and Thaksin stated that around 31 million people…
- 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…
- Business News
Thailand reviews property tax law after five years
The Finance Ministry is currently reviewing the Land and Building Tax Act, which has been in effect for five years, marking a crucial phase in reforming Thailand’s property tax regime. Public hearings have been conducted to gather opinions from the public and stakeholders. Finance Permanent Secretary Lavaron Sangsnit says the amended version of the land and building tax law will…
- 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…
- World News
Singapore luxury home rentals surge amid high net worth individual demand
Demand from high net worth individuals has driven a surge in luxury home rentals in Singapore, with landed property rents experiencing a significant 14.5% increase in the first quarter. This comes after several consecutive quarters of growth, resulting in a year-on-year jump of 39.3%. Analysts have attributed the sharp rise to a low supply of luxury homes and strong demand…
- 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…
