FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo/File Photo
October 21, 2021
BANGKOK (Reuters) – Thailand’s central bank said on Thursday it will ease rules on the issuance of housing loans to buyers, in an effort to boost a property sector struggling from the impacts of the pandemic.
Real estate sector activity was not expected to normalise until 2025, officials told a news briefing. The loan to value ratio would be increased to 100% from 70%-90% on new loans until the end of next year, they said.
(Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Writing by Martin Petty)
Source: One America News Network
