Weekly Thai Real Estate News Roundup, Week 51, 2021
Cabinet approved: Reduction of property transfer fee to 0.01% for 2022
On the 21st of December, 2021, the Thai Cabinet approved measures to stimulate and revitalize the economy in 2022, reducing the current property transfer fee for real estate transfers from 2% to just 0.01%. Additionally, the registration fee for mortgaged property has also been reduced from 1% to the 0.01%.
Transactions that are eligible for this reduced fee are as follows:
- Any type of residential building of (detached houses, twin houses, and row houses) or commercial buildings or land with buildings.
- Condominiums' price and need to have an appraisal value or mortgage line not exceeding 3 million baht.
This measure is expected be published and approved in the Royal Gazette by the 31st of December, reducing the expected income from real estate transfer fees by about 5 billion baht in revenue.
Source: https://www.prachachat.net/property/news-826082
4 real estate trends that actually attract all generations
- Digital Lifestyle Integration. Technology and innovation play a huge role in elevating and supporting a comfortable modern lifestyle, this can be seen from the concept of smart homes.
- Sustainable living. The Real Estate businesses had to adapt, especially during the epidemic. Consumers had to stay at home more, therefore, they’re looking for a home that comes with energy-saving and environmental protection functions.
- Home for the elderly. Thailand has become an aged society this year, with the population aged 60 years and over, reaching 20% of the total population. Many housing projects are designed and introduced to create innovative homes, especially for the elderly.
- Pet-Friendly. Homes for animal lovers is another popular trend among consumers. In the past, most of the condo projects often did not allow pets, due to noise concerns for neighbors or hygiene issues that may cause problems later.
Source: https://www.bangkokbiznews.com/business/978643
Developer Origin together with Gunkul adds “Solar Village” pilot to its Grand Britannia development
Origin and Gunkul, through their joint venture, continue to work and expand their Green Living Energy Innovation Homes. Presenting a 3-year plan to be rolled out across a variety of single-detached housing projects, the companies are looking to introduce Thais to more sustainable housing.
Zero-Carbon Emissions could be achieved through the installation of photovoltaic systems within 2 projects by 2022.
Source: https://www.origin.co.th/ข่าวออริจิ้น/ออริจิ้น-gunkul-บริทาเนีย-กางแ/
Supalai has been certified as a member of the Thai Private Sector Collective Action Coalition Against Corruption (CAC).
On December 22nd, 2021, Supalai has been certified as a member of the Thai Private Sector Collective Action Coalition in Anti-Corruption (CAC) at the Thailand 11th National Conference.
This confirms that Supalai has policies and guidelines against corruption and bribery, which align with the company's business policy - focusing on transparency, fairness, and verifiable by the government.
