BANGKOK: Thailand’s central bank is considering measures to support the property sector, an assistant governor said on Tuesday, after developers sought help amid weak demand and tight lending by banks.
Property developers have asked the central bank to introduce polices, such as relaxing the loan-to-value rules that stipulate what percentage of a property’s value can be given as a loans, Suwannee Jatsadasak told reporters.
Finance Minister Pichai Chunhavajira has said the property sector needs urgent support due to weak demand and rising bad loans and has called for an easing of the loan-to-value rules.
The central bank earlier said the current loan-to-value measures, at 90% to 100% for first residential properties, were appropriate.
