Housing demand remains but buyers hesitant

23 Sept 03:46 Key points summarised by AI

The third wave of Covid-19 shifted housing demand towards low-rise properties like single-detached houses and townhouses, as consumers prioritize work-from-home spaces and social distancing, prompting developers to adjust their focus.
Infrastructure improvements, particularly new light rail connections, are driving demand and price growth in suburban areas, leading to a wider distribution of housing projects outside the CBD.
Despite persistent demand and government tax incentives, buyers remain hesitant due to economic uncertainty, job insecurity, and insufficient purchasing power, opting to save rather than purchase homes.
The market faces ongoing pressure from a high inventory of unsold units, leading developers to exercise caution and resulting in projections of stable to slightly declining booking and transfer rates.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.