Posted 4/8/2024, 11:43:00 AM
Thailand Unveils New Property Stimulus Measures to Spur Growth
- Thailand to announce new property measures on Tuesday to stimulate economy
- Measures aim to boost real estate sector and support Thailand becoming a global industrial center
- Proposals include reduced transaction fees for homes under $190K, tax deductions for new construction
- Seeking to extend foreign ownership rules like 99-year leases and allowing foreign buyers
- Thai PM said big stimulus still needed as Q1 2024 growth likely under 1%
