Property stimulus extended a year

Though the transfer and mortgage registration fee reductions were extended, a developer says it may be insufficient to encourage buyers to purchase properties. (Photo: Apichart Jinakul)

The cabinet has approved a one-year extension of the measure reducing transfer and mortgage registration fees for real estate transactions to 0.01%, which policymakers claim can spur Thai GDP growth.

Under the normal fee structure, the transfer fee is 2% of the appraised value, while the mortgage registration fee is 1% of either the appraised value or the actual purchase price, whichever is higher. The fee reduction has been in effect since 2025 as part of efforts to stimulate the real estate sector, and was due to expire on Tuesday.