The Finance Ministry expects the government's economic stimulus to help boost growth in gross domestic product to 3 per cent this year.
Somchai Sujjapongse, permanent secretary of the ministry, said its Fiscal Policy Office (FPO) had forecast economic growth of 3 per cent.
"Overall, the Thai economy may not expand well. However, we still expect next year to be good. In the meantime, the World Bank forecasts less growth [for Thailand] next year than this year. We must also look at other impacts that could arise," he said.
The World Bank projects Thai GDP growth at 2.5 per cent this year and 2 per cent in 2016.
Somchai said the proposed stimulus measures for the property sector had been forwarded to Finance Minister Apisak Tantivorawong.
Apisak is also reviewing additional measures demanded by private-sector lobbies, such as a reduction of the 3.3-per-cent specific business tax, according to an anonymous source at the ministry.
The FPO's proposed measures for the property sector are to cut transfer and mortgage fees to 0.01 per cent of appraised prices. The current transfer fee is 2 per cent of appraised prices, and the mortgage fee 1 per cent.