Owners are due for a surprise pick next month.
PUBLISHED: 6 Mar 2025 at 04: 00
According to Deputy Transport Minister Surapong Piyachote, the government will close subscription for its” Home for Thais” job in the middle of this month and keep a lucky draw for house owners the following month.
Since its January 17 build, 350, 000 people have signed up for the program.
However, he said that less than half of the applicants, or 140, 000, have passed the initial screening and are eligible to apply for housing loans from the Government Housing Bank ( GHB) under the terms of the project.
” We will shut subscription for Phase 1 of the venture this month,” he said.
The ministry will need to conduct a lottery draw, which will be conducted by the Government Lottery Office ( GLO ) as the number of applicants exceeds the number of housing units available. He continued,” The bring will take place in April.”
SRT Asset Co Ltd, a business arm of the Ministry’s State Railway of Thailand ( SRT), will now employ a consultant to carry out an Environmental Impact Assessment ( EIA ) and prepare bid documents for hiring contractors for Phase 1 construction spread across four SRT locations.
The job websites are Chiang Mai, Chiang Mai, and Chiang Mai, Chiang Rai, and Bang Sue KM 11 and Thon Buri in Bangkok.
Condos ranging in height from 20 to 42 floors will be featured in the” Home for Thais” project, with the exception of Chiang Mai, where two-storey homes will be constructed.
Phases one and two will increase 7, 100 models, with a planned and planned full of 100, 000 units, while stage one may have 5, 700 models.
He stated that labor is anticipated to start this year and be finished the following month. In the future, the government intends to expand the project to other regions, including Nakhon Ratchasima, Khon Kaen, Chon Buri, and Kanchanaburi.
The SRT may get instant property rental taxes from each condo user, making the job” Home for Thais” more advantageous.
We think this project will provide an economic boost to help the SRT distinct its billion-baht debt more quickly, said Mr. Surapong.