Tax breaks for real estate developers and home buyers initiated in March this year have so far cost the Land Department Six Billion THB, said spokesman Suchart Dokmaipeng.
Despite the loss of revenue incurred, Suchart the measures are likely to be renewed for a further year when their current term expires in March 2009. “The measures have stimulated the real estate business. As it is reflected by the rising number of people using the department’s service at the final period of the year owing to the measure’s term ending on March 28 2009.
