News that Thailand’s government intends to announce measures to help the country’s property sector within the next two weeks will surely be welcomed by everyone involved in the industry.
Yesterday Finance Minister Apisak Tantivorawong (pictured) told the media his government will aim to help developers facing sluggish domestic demand.
The question now must be what help will be given? Will it be directly towards developers, many of whom are still making profits, or will measures be introduced to tackle major concerns about oversupply in some parts of Bangkok and upcountry aimed at increasing real demand among consumers and investors?
Ultimately location and price are drivers for demand, but it will be almost impossible for the government to influence those factors quickly.
The industry will be waiting with baited breath for the next couple of weeks to see what measures will be announced, and how they will boost demand for Thailand property and real estate.
What measures do you want to see? Have your say in the comments section of this story?
