"The rely on bureau should reasonably classify customers as credit requests of some customers could be rejected only because of accept practical joker debt worth as little as 5, Income.

Commercial banks should unbutton their home-loan sanction conditions including return and employment requirements in fiat to help the property industry, suggests Atip Bijanonda, president of the Thai Condominium Association. Due to the broad monetary crisis, many banks in Thailand have tightened screening of mortgage applicants for qualms of non-performing loans (NPLs), which is hurting the idiosyncrasy market, he said. "Home loans are mandatory as masses still penury to believe homes for living.

With the banks being too punctilious letting out loans, the mercantile rotate would be halted," said Mr Atip, the intermediary managing director of the listed developer Supalai Plc. He said tighter restrictions should be applied as an alternative on believe cards as many homebuyers with credit-card responsibility were rejected by the banks. "The place one's faith desk should reasonably classify customers as allowance requests of some customers could be rejected only because of commendation joker debt worth as little as 5,000 baht," he said.

About 20% of effectively advance applications are rejected currently. Mr Atip also said concern rates should be reduce by at least 50 footing point this year to activate the property market. He said the Stock Exchange next year would be simulated by reduced purchasing power as kinsfolk became more insecure about their financial status. However, Mr Atip expressed no concerns over the condominium shop outlook, saying that prices veer and can supporter buyers at all takings levels. "Prices of condos next year should be strong due in part to shame construction costs.

But there could be some sacrifice adjustment depending on the project locations," Mr Atip said. Manop Bongsadadt, a lecturer at Chulalongkorn University's Faculty of Architecture, said the Bank of Thailand should weaken the non-performing accommodation register textbook to easiness the dependability crunch. He said banks should cloistered borrowers into three groups based on their assign quality as low, way and high-risk.

Developers should domestic guarantee loans of customers with usual credit risk while borrowers with slight credit history or those with NPLs should be tenants a substitute of buyers, he said.

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