Politics
Thai Cabinet Sets 0.01% Fee on Homes Under ฿7 Million
Bangkok first-home buyers and residents in informal communities stand to see changes in purchase costs, financing limits and relocation options under measures running through 2027.
How we reported this
The Thai Cabinet approved a 0.01% transfer and mortgage registration fee for residential properties priced under ฿7 million, with the measure scheduled to remain in place until June 30, 2027. The Bank of Thailand also extended relaxed loan-to-value caps that permit first-home buyers to borrow up to 100% of the purchase price on properties under approximately $110,000, or up to 110% when furnishings are included, through June 30, 2026.
These steps coincide with the continuation of the Homes for Thais project, which the government began in January 2025. The first phase, covering 2025 to 2026, targets 5,000 units along railway corridors and requires no down payment, with monthly instalments starting at roughly ฿4,000. Bangkok Governor Chadchart Sittipunt has accepted proposals to fold informal settlements into the Ban Mankong scheme, stop evictions and issue community land titles.
Financing and purchase costs for Bangkok households
Lower registration fees apply directly to transactions involving homes under ฿7 million, a segment that includes many condominiums and townhouses reachable by mass-transit lines. The adjusted LTV rules reduce the cash deposit required for eligible first-time purchasers, which can affect the timing of moves for households currently renting in central districts or near existing rail stations.
Residents in informal communities along transport corridors may gain access to formal tenure arrangements through the Ban Mankong integration. The absence of eviction proceedings during the policy period provides a defined window for participation in land-title processes already under discussion with city authorities.
Supply measures expected from 2027 onward
Bangkok’s revised comprehensive city plan, scheduled to take effect in 2027, will permit higher-density mixed-use development along mass-transit rail lines. This zoning adjustment is intended to expand the overall housing supply available to local buyers and renters.
The combination of fee reductions, financing changes and new unit delivery along rail corridors forms the immediate operational framework for housing-related decisions by Bangkok residents through mid-2027. Subsequent phases of the city plan will determine how density changes translate into additional units near specific transit stations.