‘Magic’ gives the Bank of Thailand policy to hold interest for as long as possible At least in this year ’65 to help alleviate the burden of the people. The real estate sector 65-66 continues to grow in response to the economic recovery.
On March 31, Mr. Arkhom Termpittayapaisith Minister of Finance gave a keynote speech on “Property Outlook 2022” at the Property Focus 2022: Mega Trend real estate seminar, accepting the new norm whether the economy will recover or not. The real estate sector will lead which the value of the Thai real estate industry accounted for 4.8% of GDP, but if including supplies in the building materials sector will account for 7.2% of GDP and if including the furniture or home furnishings will account for nearly 10% of GDP, which is now starting to see clearer signs as the amount of land allocation and construction permits that will start to increase in 2022, while the demand for live It was found that the demand was close to the supply (supply), so did not see the oversupply of the real estate sector. He also has a view on the Thai real estate sector in 2022, which continues until 2023, that new loans will definitely grow.
“Today, when the economy recovers The real estate sector will recover accordingly. Whenever a permit for land allocation and construction is requested, 3 months later, there will be investment in construction. The real estate sector will be an indicator of the economy whether the economy will recover or not. because when the real estate sector recovers Others will recover.“ Mr Arkhom said
Mr Arkhom said from the policy interest rate hike signal especially the United States The central bank has raised the policy interest rate by 0.25%, keeping the policy interest rate at 0.5% and is likely to increase further. to curb that high inflation in the part of Thailand Recently, the Monetary Policy Committee (MPC) has held the policy rate at 0.5% to facilitate economic recovery.
Mr Arkhom also said that In the past, it was found that the new lending of the Government Housing Bank (GHB) has increased quite well. due to the direction of interest to increase Including commercial banks are strict in lending. causing middle-income customers to turn to more loans from the Bank of Thailand GH Bank that wants low-income people to have their own residence Therefore, there is a policy to freeze interest rates as long as possible. or at least by 2022
Mr Arkhom said Past government measures have helped people affected by the COVID-19 epidemic. through debt restructuring measures, debt moratorium, while entrepreneurs have measures of the Bank of Thailand (BOT) in the debt suspension project For entrepreneurs in the tourism sector, the 100 billion baht credit line, which now has 11 financial institutions, has 253 debtors, totaling more than 34 billion baht.
“The government has also renewed measures to reduce transfer and mortgage fees. For houses priced up to 3 million baht, down to 0.01%, including the expansion of the Million House Project Phase 2, which now has a large number of registered participants. But the actual amount of legal acts is not yet full because it may wait to assess the situation first.” Mr Arkhom said
Mr Arkhom said while the land and building tax The reason why the government did not renew the measure Due to the 90% reduction in taxes in the past, the impact on local income is about 35 billion baht, which affects the budget used for local development, including roads, wastewater and the environment. as when the economy improves The real estate sector is investing more. Especially in Bangkok, Samut Prakan and Chonburi areas, there is a need for local administration and development. Therefore, the government did not renew the measure.
Mr Arkhom continued that Development of future real estate projects Things to consider include 1. The introduction of digital technology to facilitate the entire structure of the house. including the speed and stability of the internet system to be developed into a fiber optic system 2.Environment The system in the house must be environmentally friendly. since the design disposing of rubbish or waste and must consider energy saving 3. Elderly society In the development of housing, there must be a design of facilities for the elderly such as stairs, including various systems in the bathroom and linking to various systems in the house, etc.