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Govt makes it easier to buy a home

Nov 08. 2019
Charnkit Detvitak
Charnkit Detvitak
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The Finance Ministry, Government Housing Bank (GHB), three real estate associations and several small property firms will mount a campaign this month and next for people who want to own their own homes.

Charnkit Detvitak, a vice minister attached to the Prime Minister’s Office, said the campaign would run from Monday (November 11) to December 31.

The GHB will offer mortgage loans with fixed annual interest of 2.5 per cent over three years, totalling Bt50 billion in value.

Buyers of single, attached and town houses, homes in commercial buildings and condominium units will be exempted from paying transfer and mortgage fees.

They will also benefit from promotional offers and discounts from the participating developers.

The project covers only homes worth up to Bt3 million.

The realty groups participating in the campaign are the Thai Real Estate Organisation, Thai Condominium Association and Housing Business Association.

Charnkit said the campaign would welcome developers across Thailand and invited them to contact any GHB branch.

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