President of the Condo Association promotes 4 policies to stimulate GDP, supporting First Jobber to purchase the first home priced not more than 5 million, easing the LTV measure. "Midterm visa 3-5 years" allows foreigners to buy housing not exceeding 25% of the project. President of the Housing Business Association. Warning to increase wages, consider carefully

Mr. Peeraphong Charoon-ek, President of the Thai Condominium Association and Chief Executive Officer of Origin Property Public Company Limited said that stimulating the economy, society and finances is an urgent agenda for Thailand, who sees that the fourth quarter will see various measures from the government, especially digital policies. A 10,000 baht wallet is considered a money helicopter. who came to scatter money To stimulate economic circulation 1-2 times

“You have to look at the details. But I want it to be specific to the target group in order to create multiple rounds of money circulation as the government wants. This should be used in business sectors with high local content, such as tourism and food. The money earned will stay 100% within the country.”

In addition, I want the new government to drive forward policies to stimulate the economy through the real estate sector. Because it is an upstream business that creates enormous added value. It is almost 100% local content. The 4 measures that we would like the government to support include the first home policy. To stimulate the domestic market, from 3-4 years ago, few people bought their first home. because it was affected by Covid But this year the situation is better. Labor returns to work The government should stimulate the market similar to the first car policy that uses tax deductions for first-time homebuyers with a price not exceeding 5 million baht.

The second policy allows Thai people to buy a second or third home by exempting from LTV-loan to value measures for 2-3 years (2024-2025). It is believed that speculation is gone. Gone Only real demand remains, which is the need for a second home to be close to work. near children's school or do extra work

The third strategy is to stimulate foreign purchasing power by offering a 3-5 year "midterm visa" to foreign customers who purchase a condominium in Thailand priced at 3-5 million baht, instead of focusing on those with high wealth to come. Living in Thailand Because nowadays you can work anywhere in the world.

The fourth policy is to solve the problem of nominees in horizontal businesses. By forcing foreigners to purchase projects allocated not more than 25% (24.9%) in the project, in Bangkok The price level is not more than 10 million baht. In other provinces, the price is not less than 6 million baht in order not to affect the purchasing power of most Thai customers of people in the price level of 3-5 million baht.

"Although the price of houses sold to foreigners is 10% more expensive than using nominees, I believe foreigners can accept them. These 4 policies should help stimulate the economy better."

Mr. Wasan Kiangsiri, President of the Housing Business Association Mentioning the policy of increasing the minimum wage to 400 baht per day and 600 baht per day by 2027 from the original minimum wage of 353 baht per day, an average increase of 14-15%, all of which must pass the committee on wages.

“Wages are high but there is no work. If it is too high, business owners will reduce workers. Comparatively low rates, but there is work. The government must take a long-term view on investment. Foreigners entering Thailand with neighbors Everything has a balance point. wage increase But there is no mention of controlling product prices. Even if the wages are increased But if the price of goods increases more than wages, it will come back to affect the people. We have to look at many aspects."

Source:https://www.bangkokbiznews.com/property/1089362

Date 20/09/2023