BANGKOK, Oct 29 (Reuters) - Shares in Thai developers rose on Wednesday, with sector leader Land & Houses LH.BK near a one-week high after the finance minister said tax breaks could be maintained for another year to support the property market.
The measures, including a cut in taxes for property developers and a reduction in property transfer fees to 0.01 percent from 2.0 percent, are due to expire in March 2009.
"For the property measure, I was considering keeping it," Finance Minister Suchart Thada-Thamrongvech told reporters. The ministry would propose a one-year extension of the tax breaks to the cabinet next week, he said.
