Siamese Asset gains from 0.01% property fee extension

MGR Online•Economy•16h ago

Reader Briefing

Siamese Asset expects the extension of the government's property transfer and mortgage fee reduction to 0.01% to boost sales and revenue in the second half of 2026.

•The government extended the 0.01% transfer and mortgage fee measure until June 30, 2027.
•Siamese Asset has a backlog value of approximately 1,800 million baht.
•The Landmark At Grand Station project began recognizing revenue in April 2026.
•The measure specifically targets properties priced not exceeding 7 million baht.

Overview

•The government extended the reduction of transfer and mortgage fees to 0.01% until June 30, 2027.
•Sunanta Singsansern stated the measure reduces costs for consumers, particularly for homes priced under 7 million baht.
•The real estate market in 2026 faces challenges from a gradual recovery of purchasing power and cautious bank lending.
•Siamese Asset currently holds a backlog valued at approximately 1,800 million baht.
•The Landmark At Grand Station project started transferring ownership and recognizing revenue in April 2026.
•Sunanta Singsansern expects the measure to accelerate decision-making for buyers and support the clearance of completed inventory.
•Siamese Asset will adjust marketing strategies to align with economic conditions and consumer behavior by offering cost-reducing campaigns.

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Key Quotes

Sunanta Singsansern

"The company expects that the existing Backlog will be able to gradually recognize revenue as planned, with Landmark At Grand Station already recognizing revenue."

บริษัทคาดว่า Backlog ที่มีอยู่จะสามารถทยอยรับรู้รายได้ได้ตามแผน โดยมี Landmark At Grand Station ซึ่งเริ่มรับรู้รายได้แล้ว

Key Entities

Organization

Siamese Asset(ไซมิส แอสเสท)

A public company listed as SIM that develops residential real estate.

Person

Sunanta Singsansern(สุนันทา สิ่งสรรเสริญ)

Joint Chief Executive Officer of Siamese Asset Public Company Limited.

Place

Landmark At Grand Station

A residential project by Siamese Asset that began recognizing revenue in April 2026.

Policy

Transfer and Mortgage Fee Reduction Measure to 0.01%(มาตรการลดค่าธรรมเนียมการโอนกรรมสิทธิ์และค่าจดจำนองเหลือ 0.01%)

A government measure reducing property fees to 0.01% extended until June 30, 2027.