Gradual recovery expected for residential market

13 Sept 07:08 Key points summarised by AI

Thailand's residential market is projected for a gradual recovery in 2022, driven by balanced supply-demand and eased loan regulations, with a full return to pre-pandemic levels not expected until 2023.
The Bank of Thailand significantly boosted the market by relaxing the loan-to-value (LTV) ratio, allowing up to 100% mortgage lending until the end of 2022, aiming to stimulate demand and support related industries.
Despite positive indicators, economic uncertainty from the pandemic continues to delay home purchases due to income loss and financial concerns; further government tax incentives are sought to bolster local demand as foreign buyers remain absent.

Speculation growing over merger between Bhumjaithai and Kla Tham parties

Today 16:46 Key points summarised by AI

A dinner between Bhumjaithai and Kla Tham party leaders sparked rumors of a potential merger, though Bhumjaithai's leader, Anutin, downplayed it as a casual meal.
The meeting is widely interpreted as a strategic message from Bhumjaithai to the Pheu Thai party, signaling alternative support ahead of an upcoming no-confidence debate.
Thailand's Constitution (Section 99) currently prohibits direct mergers of parties with sitting MPs during the House's term, a rule designed to prevent the 'buying and selling' of MPs.
While direct mergers are restricted, MPs can still switch parties if dismissed by a three-fourths party vote or if their party dissolves, allowing for indirect political realignments.
Kla Tham's voting behavior in the censure debate will demonstrate its loyalty to the government, potentially influencing future political dynamics despite current merger restrictions.