New Straits Times
Thailand sets new downpayment rules
BANGKOK: The central bank, concerned about the number of property loans going bad, said it will require buyers of homes worth more than 10 million baht (RM1.27 million) and of second homes to make downpayments of at least 20 per cent. The move, to take effect in January, comes amid elevated household debt and rising bad mortgage loans. At present, buyers of homes valued at more than 10 million baht should make downpayments of at least 20 per cent, but this is not mandatory.