Developers are seeking help from the state to boost the property sector. Patipat JanthongProperty developers are calling on financial institutions to ease their stringent home loan approval criteria to aid the sector. This will eventually help boost the property sector amid the current unfavourable sentiment, said Atip Bijanonda, president of the Housing Business Association. Mr Atip said financial institutions should use the same loan approval criteria as it used in the past. Even worse, some developers have found the home loan rejection rate hitting 70%, particularly in the low-priced segment.

Source: Bangkok Post November 20, 2016 23:53 UTC