Car scheme hits lower-end house sales

Business > Marketing

Published: 18 Dec 2012 at 00.00
Newspaper section: Business

Sales of lower-end townhouses and single houses are feeling the pinch from the first-time car buyer scheme and are likely to take 3-5 years to recover, says developer Tararom Group.

Managing director Wasan Kiangsiri said the government programme would definitely absorb some spending of prospective homebuyers in the two housing segments.

Townhouses priced 1-2 million baht and single houses priced 2.5 million baht require monthly repayments in line with the car scheme.

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DONHUAN
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Discussion 2 : 19 Dec 2012 at 01.542
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This PT government have a perchance for solving a problem with a new problem. Maybe they will build a new Capital city to replace Bangkok or move all the factories to the western provinces near Myanmar’s Dawei.
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boons
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Discussion 1 : 18 Dec 2012 at 03.181
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Home sales in a slump? This government will soon undoubtedly unleash a Greece-style strategy to make it easier for rice farmers to buy beachfront mansions. What could possibly go wrong?
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Car scheme hits lower-end house sales | Bangkok Post: business