On Tuesday, Suwannee Jatsadasak, assistant governor of the Bank of Thailand, revealed to reporters that the central bank is weighing measures to bolster the country’s real estate sector, as developers urged for support amid slump demand and strict conditions for loans from banks.
Property developers have requested supporting policies from the central bank, such as easing the loan-to-value measure that sets the limit of a property’s value that can be loaned out, said Suwannee.
Pichai Chunhavajira, Minister of Finance, also supported the relaxation of loan-to-value measures, saying that the real estate sector is in dire need of support due to sluggish demand and rising bad loans.
Earlier, the central bank affirmed that the current loan-to-value policies, sitting at 90-100% for the purchase of first residential property, were already appropriate.
