Prasert said that if the measures are not approved for the fourth quarter, the property market in Bangkok and its suburbs will grow by 10 per cent this year, with transfers to buyers worth Bt330 billion. However, if the measures become effective this quarter, the market will grow by 13 per cent, with transfers worth up to Bt350 billion.
He noted that when the property market is doing well, it has a knock-on effect on related businesses such as furniture and home appliances. This is the best way to boost the domestic economy, he said.
Meanwhile, Housing Business Association president Atip Bichanond said, the 33rd House and Condo Show should also help boost the property market this quarter, targeting sales worth Bt3 billion from the four-day event expecting 100,000 visitors.
Prasert said that if the measures are not approved for the fourth quarter, the property market in Bangkok and its suburbs will grow by 10 per cent this year, with transfers to buyers worth Bt330 billion. However, if the measures become effective this quarter, the market will grow by 13 per cent, with transfers worth up to Bt350 billion. He noted that when the property market is doing well, it has a knock-on effect on related businesses such as furniture and home appliances. This is the best way to boost the domestic economy, he said. Meanwhile, Housing Business Association president Atip Bichanond said, the 33rd House and Condo Show should also help boost the property market this quarter, targeting sales worth Bt3 billion from the four-day event expecting 100,000 visitors.
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