Banks are strict in lending to real estate projects. Due to the economic slowdown – shrinking purchasing power and the Ashton Asoke effect Kasikorn Bank-Bangkok emphasizes checking details of entrances and exits – construction permits – EIA As for TISCO-LH Bank, it is revealed that the debt to equity ratio is not high – the pre-sale amount is 40-50%, while CIMBT has reduced the risk of releasing no more than 15% of the total portfolio, not focusing on the condominium market.
After the case of the Ashton Asoke project of Ananda Development Public Company Limited. The Supreme Administrative Court ordered the revocation of the construction permit. Due to the entrance-exit of the rented project That comes from the Mass Rapid Transit Authority of Thailand (MRTA) and is used as an entrance-exit. can’t do it Because it is land use for the wrong purpose of the MRTA, this case has a severe impact on the real estate market.
Real estate focuses on requesting additional loan amounts.
Mr. Sakchai Pechapat, Chief Executive Officer of TISCO Group, revealed to “Prachachat Turakij” that in the overall picture of real estate project lending (PreFinance), it is seen that all banks still adhere to the principle of caution. Because the economy has not yet fully recovered. and high levels of household debt causing purchasing power to decrease Therefore, consideration of granting credit must be more careful and careful.
The principle is to consider granting project loans to TISCO. Normally, the customer or entrepreneur must have some of their own funds to invest. The debt-to-equity ratio (D/E) must not be too high and there should be a presale of 40-50%, which in the past has seen a demand for real estate project loans. If it’s a new investment amount, it hasn’t expanded much. But you will see signs of entrepreneurs lacking liquidity putting up collateral. to request a credit limit that is in the direction of increasing
“Real estate project loans right now may not be able to measure the overall market. But if you look at the picture trends carefully Because the purchasing power of customers has not yet fully returned. and pressure from household debt As a result, the trend of requesting new loans for investment may not be very high. But it is more about asking for a credit line to enhance liquidity.”
Banks are strict in granting loans to buy land.
Mr. Chaiyot Tanpisut, Assistant Managing Director Kasikorn Bank revealed to “Prachachat Turakij” that lending to real estate projects I agree that lending will become more prudent. This is because the limit is quite high. From the beginning, one might consider the issue of license or environmental impact assessment (EIA) that must be certified by various relevant agencies.
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