The Bank of Thailand is likely to implement a limit on bank lending for property to prevent a possible bubble formation in the real estate market, said the Thai Condominium Association.
Thamrong Panyasakulwong, president of the association, said that Thailand’s central bank is looking at ways to reduce the loan-to-value ratio (LTV), which is the percentage of a property value given as a loan, in all residential segments.
“The central bank may impose the measure although the LTV ratio has not been set," he said, adding that it is “likely that we will see that this month.”