Economic Headwinds Threaten Thai Property Market

Amid fears of an economic slowdown triggered by the US trade war and a devastating earthquake in Myanmar, Thailand's leading property associations are calling for urgent government intervention to buoy the housing sector.

Buyer Confidence Wanes as External Pressures Mount

The Thai Condominium Association, Thai Real Estate Association, and Housing Business Association highlight the dual impact of trade tensions and natural disasters on the market's vitality, predicting a sharp decline in Q2 sales.

Stimulus Measures Fall Short, Developers Say

Despite recent fiscal easing, industry leaders argue for more aggressive measures, including tax breaks and loan condition adjustments, to counteract rising construction costs and faltering demand.

Long-Term Solutions Proposed for Market Stability

Proposals extend beyond immediate relief, advocating for extended lease terms for foreigners and the development of specialized estates to attract international investment and ensure long-term growth.