Housing
- 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…
- 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
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 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…
