GOV. AIDS 22% THAI REVENUE RISE

• Me Wathana
• 8 July 2016
• International News
• 1892 Views

Thanks to government measures to boost the property market, Thailand’s leading property developers saw their revenue rise by almost 22 percent year-on-year in Q4 2015.The government incentives made cuts in transfer and mortgage fees and gave a special interest rate for mortgages from the Government Housing Bank.

According to Property Report, the net profit of the country’s top 10 property developers rose by 7.27 percent from the same period last year which brought in a combined net profit of $1.08 billion during 2015.

According to estimates by the Real Estate Information Centre (REIC) those top 10 developers accounted for 72 percent of the residential market in Thailand last year.