Pattaya Daily News

21 January 2009 :: 15:01:47 pm 3400

Property Stimulus Packages to Benifit Investors

Property stimulus packages issued by the government on Tuesday to boost economic growth will encourage people to decide to buy houses without any delay.
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bangkok, the 21st of January 2009 [TNA]: Athip Peechanont, director and senior executive vice president of Supalai Pcl, said the packages would benefit potential homebuyers because they could save money on both the ownership transfer and mortgage fees.

In addition, buyers are able to get the principal and interest deducted from taxes.

Overall, it meant the government helps bear the burden of around Bt400,000-500,000 for people who purchase houses priced around one million baht or more.

He said that single houses and townhouses left in stock or under construction would benefit most from the measures. Mr. Athip conceded the government had issued measures in a larger number than expected to stimulate the property sector.

“I have never seen (as many) measures as this before in the past 30 years. It seems the government has issued many measures to stimulate the property sector this year,” he said.

This, coupled with the lower interest rate, would help lessen loan burdens borne by the general public. At the same time, many property developers are refraining from raising house prices and are offering attractive promotions.

Because of this, he believed, this year business in the property sector will grow close to that of last year with total sales of around 70,000 units. (TNA)

Reporter : Methawee   Photo : Methawee   Category : Business News

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