Significant reduction in real estate registration costs stimulates investments in southern border provinces

The Thai government gazette has announced that a recent decree by the Ministry of Interior will significantly reduce registration fees for legal transactions involving real estate and apartments in the southern border provinces.

Over a three-year period, these costs are reduced to just 0,01%. This initiative aims to stimulate investment and economic activities in specific areas, including Narathiwat, Pattani, Yala, and certain districts of Songkhla and Satun.

The decision to make this reduction was approved by the Cabinet in February, with the aim of supporting both private investments and business activities, while promoting economic and social stability in the region. The reduced rates apply to a series of real estate transactions, such as sales, exchanges, mortgages and transfers of leaseholds.

This measure came into effect retroactively on January 1 of this year and will run until the end of 2026. This gives residents and investors ample time to make and adjust their investment plans in these regions.

In addition, reduced registration fees for apartment units in special development zones have also been set out in the Official Gazette. These reductions apply to transfers through sale, exchange, donation and inheritance, as part of a broader effort to increase prosperity in these target areas.