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Bangkok Condo Developer Supalai See Potential Tax Tweaks

By on Sep 23, 2015 in Property News, Residential

supalai 1_620x370Bangkok condo and SET-listed developer Supalai Plc (SPALI) is expecting weak sentiment in the property sector for the rest of the year despite tax incentives designed to give a boost to housing sales.

Deputy managing director Tritecha Tangmatitham said many property developers were pinning their hopes on the proposed tax incentives, which the economic team led by Deputy Prime Minister Somkid Jatusripitak hopes will speed up new housing transfers.

“The tax incentives will help accelerate the transfer of purchased units in condominium projects launched in the past year,” MrTritecha said. Tax incentives are nothing new and have been used by earlier governments to develop the property market. They were successful in boosting new sales of low-rise units that were ready to transfer.

As at end of June this year only 10% of the available Supalai units are under 2 million THB  and are ready to transfer.

 

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Source: Bangkok Post, Sept 11, 2015

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