y Kanana Katharangsiporn, Bangkok Post, Thailand
Jan. 12--Property tax incentives due to expire this March should be extended to boost the industry and the overall economy, says Issara Boonyoung, president of the Housing Business Association.
Extending the breaks beyond March 28 would help combat negative factors which are likely to crop up this year, said Mr Issara.
Potential headwinds for the Thai economy and the property sector include political instability, the Map Ta Phut case and a possible hike in interest rates in the second or third quarter of the year, he said.
Although megaprojects under the Thai Khem Kaeng infrastructure package should boost new property developments, higher demand would also likely increase construction material prices.
