Policy dynamics: Lowering transaction rates to stimulate the market

On April 8, 2025, the Thai Cabinet approved a proposal from the Ministry of Finance to significantly reduce the transaction fee for properties with a total price of less than 7 million Thai baht (approximately 1.489 million RMB) from 2% to 0.01%. This measure will come into effect after being published in the Royal Gazette and will be valid until June 30, 2026. It applies to detached villas, townhouses, storefronts, and high-rise buildings. Intended to alleviate the burden on homebuyers, assist developers in reducing inventory, and stimulate demand in the real estate market. According to Deputy Minister of Finance of Thailand, Bhumibol Adulyadej, such policies have had a positive impact on the real estate market in history and can facilitate sales and home purchase channels.