Bangkok: The Ministry of Finance is currently awaiting approval for the “6+1” measures aimed at revitalizing the real estate market. Three real estate associations are scheduled to meet on November 21st to deliberate on transfer reductions, tax reductions, and strategies for reducing household debt.
According to Thai News Agency, the Thai Condominium Association, the Housing Business Association, and the Thai Real Estate Association will convene with the Ministry of Finance on November 21, 2025. The agenda includes discussions on the “6+1” real estate market stimulus package, which was previously submitted to the Prime Minister. Deputy Prime Minister and Finance Minister Ekniti Nitithanpraphas has designated Assistant Minister Benyarong Suwannakiri to attend the meeting and evaluate the proposals.
The proposed measures by the associations primarily focus on reducing transfer and mortgage fees to 0.01% for properties valued up to 7 million baht. They also aim to expand the role of the SME Bank as a partial loan guarantor, implement risk-based pricing for loans, and reduce land and building taxes by 50% for a period of 1 to 2 years. Additionally, the measures propose a warehouse debt measure, allowing homes to be used as collateral to refinance informal debt, and suggest lowering the policy interest rate to 1% to enhance purchasing power. The “+1” proposal includes extending residential leases from 30 to 60 years by amending the Property Rights Act.
Moreover, the associations intend to highlight the necessity of addressing household debt. They propose a debt consolidation strategy that combines various debt types into a single lump sum, using housing as collateral to reduce interest burdens, thereby enabling debtors to maintain their mortgage payments. Additionally, the home loan guarantee measures are expected to increase financial institutions’ confidence, reducing the loan rejection rate, currently at 40%. These initiatives are anticipated to rejuvenate the real estate market and significantly ease the persistent debt burden faced by the public.