Meesak Chunharuckchot, president of the Chonburi Real Estate Association, said the ceiling price of 1.2 million baht for homes entitled to the Government Housing Bank's low-interest-rate mortgages under the stimulus scheme of 1-million-units was too low. Most of them are between 1.5 and 1.8 million baht. The ceiling price of the scheme should be 1.8 million baht," he said. The higher ceiling prices of both schemes can help homebuyers reduce expenses from loan interest and fees and help absorb existing supply. "Foreign ownership quotas for condos should be higher than 49% to boost the property market," he said.

Source: Bangkok Post September 20, 2021 22:07 UTC