THREE real-estate associations have asked the government to decide quickly whether to launch measures to boost the property market, as some buyers have delayed taking delivery of their homes after the government said last week that it had such a plan.
"We hope the Cabinet will finalise the measures at its meeting next week and that they will be effective immediately," Thai Condominium Association president Prasert Taedullayasatit said.
He was speaking after a press conference to promote the 33rd "House and Condo Show", which will take place from October 8-11 at Queen Sirikit National Convention Centre in Bangkok.
Besides Prasert's group, the Thai Real Estate Association and Housing Business Association will press the Finance Ministry to move ahead with the measures.
Earlier, the three associations proposed four measures to the ministry to help the property market, especially the lower-income segment.
The first of these was easing the qualifications for mortgage approval, especially for lower-income people who own a business or freelance.
The second measure would extend the mortgage-repayment maximum from 30 years to 50 years so as to reduce monthly instalment amounts.
Third, they proposed doubling the maximum to Bt3 million on loans getting a special interest rate from the Govern-ment Housing Bank.
The final proposal was a reduction of transfer and mortgage fees to 0.01 per cent.
The current final quarter of the year should see Bt120 billion worth of residential projects in Greater Bangkok transferred to customers