According to Pirapong, the President of the Thailand Condominium Association, the real estate industry is a vital sector driving the country's economic growth, accounting for 12% of the country's Gross Domestic Product (GDP). He called on the current government to introduce a series of policies to promote the development of the real estate industry, including "first home subsidies," "relaxing housing loan regulations," and "mid-term visas for foreign property buyers."

Firstly, proposing a "first home subsidy" policy could alleviate the pressure on the public to a certain extent, especially for young people and first-time homebuyers. For young professionals just entering the workforce, housing prices are often high, and the down payment can be a significant burden. By providing subsidies for down payments, it can help young people more easily realize their homeownership dreams and stimulate activity in the real estate market.

Secondly, easing housing loan regulations is also a key measure to stimulate the development of the real estate industry. Currently, housing loan policies are often stringent, restricting the financial sources of some homebuyers and limiting their purchasing power. If the government can relax relevant regulatory policies and lower the entry barriers, it will help more people access housing loans and stimulate an increase in housing demand.

Additionally, introducing the "mid-term Thai visa for foreign property buyers" policy can attract more foreigners to purchase properties in Thailand and stimulate the development of the real estate market.

According to this policy, foreign buyers who purchase an apartment worth 3-5 million Thai Baht will receive a Thai visa valid for 3-5 years, providing them with an extended residency period and convenient conditions, thus increasing their motivation to invest in Thai real estate. This policy also contributes to foreign exchange inflows and employment opportunities in Thailand.

The Chairman of the Thailand Housing Business Association, Wasan, also expressed support. The middle and lower-income groups often face significant housing pressure, limiting their quality of life and purchasing power.

If the government can implement related policies to reduce housing costs and increase purchasing power, the middle and lower-income groups will have more confidence in buying homes, thereby stimulating the development of the real estate market.