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Keep an eye on the 2024 measures to boost property sector

The Cabinet approved measures to boost the property sector in 2024, including reducing transfer and mortgage fees for residential properties valued under 7 million baht. The revised registration fee reduction measure is expected to stimulate demand but overall market demand may remain sluggish due to household debts and high interest rates. Developers are advised to launch new mid-priced projects cautiously to avoid oversupply.