The Thai government is set to explore the possibility of increasing the foreign ownership quota in condominiums from the current 49% to 75%, Deputy Prime Minister Phumtham Wechayachai announced.
The Cabinet approved the transfer and mortgage fee cuts on Tuesday and also raised the limit from 3 million baht to 7 million baht for condo and house prices. Normally, the transfer fee is set at 2% of the transaction value and the mortgage fee at 1% of the transaction...
