The possible extension of property incentives and the easing of the loan-to-value (LTV) ratio for another year to the end of 2023 will have a minimal impact on the market in the second half as developers try to prompt homebuyers with campaigns.
Surachet Kongcheep, managing director of consultancy Property DNA Co, said homebuyers typically delay purchases when they learn government incentives might be extended.
"If homebuyers want to delay their decisions after an extension of incentives is announced, developers will definitely offer campaigns to nudge them to take unit transfers because they want to record revenue for the period," he said.
