KTC Extends Transfer Fee Discount to Boost Home Buyers' Liquidity

KTC Credit Card has extended the government measure reducing transfer registration and mortgage fees to 0.01% for residential properties priced at no more than 7 million baht. Nathsith Sunthraanu, senior marketing executive at Krung Thai Card Public Company Limited, stated that this fee reduction represents substantial cost relief on closing day, particularly for homebuyers who face multiple simultaneous expenses including down payments, home decoration, furniture, appliances, and move-in costs.

"Today, owning a home is not simply purchasing a large asset but executing long-term family financial planning," he said. "Reducing transfer-day costs improves liquidity and enables consumers to allocate more budget toward necessary post-move expenses."

KTC member spending data reveals that middle-to-upper-income buyers remain committed to expenses that enhance long-term quality of life across housing, health, education, and travel. Those earning 50,000 baht monthly or higher, including wealth-segment customers, view residential property as a critical financial goal and a family security asset.

For many families, closing day is not the end of expenses but the beginning of life in a new home. Savings from government measures can be directed toward essential home setup needs or reserved as household emergency funds to strengthen financial security during this period of elevated ongoing costs.

To support consumers in the post-transfer phase—when numerous expenses emerge—KTC has assembled home and living benefits from leading national partners covering furniture, appliances, home decoration supplies, and residential services. This aims to help members properly plan expenses for settling into a new home.

"We believe homeownership does not end at closing," a KTC statement said. "It marks the beginning of expenses across many areas. KTC has developed benefits and financial solutions that ease the burden and increase budgeting flexibility, from pre-move preparation through quality living in the new home."

Apishet Suphannarat, a land registration standards expert at the Land Registration Standards Division, noted that the transfer and mortgage fee reduction to 0.01% is a measure that clearly lowers residential property purchase costs. Since these are real expenses incurred at closing that all buyers must budget for in advance, extending the measure reflects government commitment to improving housing access, particularly for those deciding between home or condominium purchases and families with solid income but substantial initial ownership expenses.

"When closing costs drop, buyers gain greater financial flexibility, allowing them to direct savings toward genuine housing needs—whether decoration, property utilities, or emergency reserves—easing the financial pressure during early homeownership."