Thai authorities and financial institutions have been able to manage the potential risks by tightening credit, setting appropriate loan-to-value ratios and introducing greater scrutiny of loan applications. While this has made it difficult for buyers to get loans, it has been done to prevent a high number of loan defaults. RHB noted that the recent property stimulus package was carefully crafted with an intention to clear existing inventories within six months. Many developers had a significant backlog of units and had been unable to move a majority of these.