Bangkok Post
Property stimulus extended a year
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The cabinet has approved a one-year extension of the measure reducing transfer and mortgage registration fees for real estate transactions to 0.01%, which policymakers claim can spur Thai GDP growth.
Key facts
- The cabinet has approved a one-year extension of the measure reducing transfer and mortgage registration fees for real estate transactions to 0.01%, which policymakers claim can spur Thai GDP growth.
- Under the normal fee structure, the transfer fee is 2% of the appraised value, while the mortgage registration fee is 1% of either the appraised value or the actual purchase price, whichever is higher
- She cited the Netherlands as an example, where the government guarantees up to 10% of mortgages for first-time buyers, helping younger households overcome financing constraints without distorting the wider market.
- The extension takes effect immediately upon publication of the Interior Ministry's notification in the Royal Gazette, remaining in force until June 30, 2027.
Summary
Under the normal fee structure, the transfer fee is 2% of the appraised value, while the mortgage registration fee is 1% of either the appraised value or the actual purchase price, whichever is higher. The fee reduction has been in effect since 2025 as part of efforts to stimulate the real estate sector, and was due to expire on Tuesday.
The extension takes effect immediately upon publication of the Interior Ministry's notification in the Royal Gazette, remaining in force until June 30, 2027.