So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows:

  • Effective date 20th Jan 2020
  • First home/contract units < THB 10 mn – 100% + 10% of top-up loans
  • Second home/contract – 10% (previously 20%) downpayment for those that have a first home mortgage for 2 years (previous 3 years).
  • For houses/condos value > THB 10 mn – Downpayment reduced from 20% to 10%


  • It’ll help the real demand but the speculators are gone
  • Wouldn’t be surprised to see the real estate names recover during the year, but forget about the market caps seen 2 years ago.

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