Tax relief and loan guarantees
Siripong Angkhasakulkiat, deputy leader of the Bhumjaithai Party, confirmed proposals aimed at stimulating the property and construction markets. The key measure is a 50% reduction in land and building taxes for 2026, initially for one year or until the economy stabilises.
In addition, the Thai Credit Guarantee Corporation (TCG) will expand its support to cover residential property loans for individuals. Previously, guarantees were limited to self-employed workers, online merchants, restaurant owners, and commercial property buyers.
Immediate measures for late 2025
The government is also rolling out short-term stimulus for the remaining four months of this year:
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Transfer and mortgage fees reduced to 0.01% for properties over 7 million Baht
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Extension of the “Baan Dee Mee Down” housing project
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Corporate tax reductions to stimulate domestic demand
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Accelerated payments for pending construction projects
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Stricter quality controls on imported building materials
Controversial 99-year lease law shelved
The long-debated 99-year lease law will not proceed. Siripong explained that limited government tenure and ongoing parliamentary debates make the law premature. The proposal would have allowed 99-year leases with land transferred to the Finance Ministry—a plan popular with foreign investors but criticised locally.
Why the sector matters
“The property sector is linked to many other industries, so targeted measures are essential,” Siripong stressed. The sector has suffered a prolonged downturn, affecting the wider economy. The planned interventions aim to stimulate purchasing power, support economic recovery, and boost housing construction, without favouring foreign intermediaries.
With immediate, practical relief prioritised over long-term reforms, Thailand’s government signals a clear focus on quick impact. The real estate market is optimistic—but only time will tell if these measures are enough to reignite growth.