27/2/2568
Units and Value of Residential Ownership Transfers Nationwide in Q4, 2024
Credit details and picture from REIC Real Estate International Center
? Measures to Reduce Transfer and Mortgage Fees to Stimulate the Housing Market! ??
? The transfer and mortgage registration fees have been reduced to only 0.01% for residential properties priced at up to 7 million baht. This measure has positively impacted the condominium market, especially for units priced under 7 million baht, leading to an increase in ownership transfers for both new and second-hand units compared to the previous year (YoY). ?
⚠️ However, the overall housing market in 2024 remains sluggish. ❌?
? Ownership transfers decreased by 5.2% compared to 2023 (from 366,825 units to 347,799 units).
? Total value dropped by 6.3% (from 1,046,855 million baht to 980,648 million baht).
? Declining ownership transfers across all regions:
? Central Region: Largest drop at -10.6%
? Southern Region: Smallest drop at -2.7%
? Bangkok & Metropolitan Area: -3.8%
? The key reasons for this decline include:
✔️ Slower economic growth
✔️ Lower confidence in long-term debt commitments
✔️ High household debt levels
Although the fee reduction measures are expected to help ease the slowdown in Q3-Q4 of 2024, the overall market is still expected to decline compared to 2023.
? Demand Side: Ownership transfers are decreasing.
? Supply Side:
- How many new projects are being launched?
- Are new sales increasing?
- Which areas have a higher absorption rate?
- Which locations still have unsold completed units?
? Find the answers at the seminar:
? "The 2025 Housing Market Outlook"
? Don't miss out! Limited seats available.
⭕ Agenda & Details
? Click: https://www.reic.or.th/Landingpage/141
⭕ Register Now
? Click: https://www.reic.or.th/Product/Seminarregistrant
