Cabinet Cuts Property Transfer and Mortgage Fees to 0.01% to Boost Market

Cabinet Greenlights!!!🚦

Transfer and Mortgage Fees for Real Estate Reduced
from 2% down to 0.01%
to Stimulate the Property Market
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The Cabinet has approved
a measure to reduce the registration fees
for property transfer and mortgage
to only 0.01%,
down from the previous 2% and 1%, respectively.
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This measure will take effect from May 1, 2025,
until June 30, 2026,
aiming to stimulate the real estate market
and clear existing housing stock.
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It covers single houses, twin houses,
condominiums, and land with buildings
with a purchase price not exceeding 7 million baht,
including mortgage contracts
not exceeding 7 million baht per agreement,
excluding partial transfers.
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The measure aims to reduce financial burden
for the public and support real estate developers
in releasing remaining housing and condominium stock
in the market.
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This is also in line
with the relaxation of LTV regulations
by the Bank of Thailand.
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The real estate sector
plays a crucial role in Thailand’s economy,
linking with several other industries
both directly and indirectly.
This measure is expected
to stimulate growth and expansion
across multiple related sectors.
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📷 Image Credit: Thansettakij
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