"The most significant issue facing Thailand's real-estate sector now is the sluggish demand following the global financial meltdown and its impact on the real economy. If the government's economic-stimulus package can help improve the overall economy and consequently boost consumer confidence, the real-estate sector will eventually benefit as real-estate demand is tied tightly with overall economic conditions," said Suphin Mechuchep, managing director of Jones Lang LaSalle.
Part of the package includes stimulus measures for the property sector.
The government plans to double the tax deduction on home mortgages from Bt100,000 to Bt200,000 and encourage more lending to low-income home-buyers.
