PROPERTY firms are preparing to launch promotional campaigns to drive sales in the remaining months of the year while Cabinet approval of a stimulus package for the real-estate market is delayed.
"We want the government to be clear on whether it will launch the measure or not," said Thai Condominium Association president Prasert Taedullayasatit, after the Finance Ministry failed to propose such a stimulus to the Cabinet yesterday.
"If not, that will clear the way for property developers to do their business and people will decide whether or not to buy homes. Customers have been delaying the transfer of their homes for the last two weeks, since the Finance Ministry announced its plan to launch the measure."
He added that even if the gov-ernment does not initiate measures to boost the property market, realestate firms would strive to do it themselves with promotional campaigns. However, clarity on the government's policy on this issue is still needed.