Affordable Housing Policies and Programs Thailand

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ffordable Housing Policies and Programs Thailand

description

Affordable Housing Policies and Programs Thailand. Affordable Housing Policies and Programs Khan Prachuabmoh, President Government Housing Bank Thailand January 27, 2010. Affordable Housing Policies and Programs - Thailand. Demographics – Thailand Population – 65 million - PowerPoint PPT Presentation

Transcript of Affordable Housing Policies and Programs Thailand

Page 1: Affordable Housing Policies and Programs  Thailand

Affordable Housing Policies and Programs Thailand

Page 2: Affordable Housing Policies and Programs  Thailand

Affordable Housing Policies and Programs

Khan Prachuabmoh, President

Government Housing Bank

Thailand

January 27, 2010

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Demographics – Thailand

Population – 65 million Population growth – less than 0.5 per cent

per year Migration increasing urban housing needs 36 per cent – urban population GDP per capita - $US4,072

Affordable Housing Policies and Programs - Thailand

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Underlying theme -HM the King’s sufficiency economy initiatives

1997 and global economic crisis

Moderation

Reasonableness

Need for risk self-immunization or

built-in resistance

Affordable Housing Policies and Programs - Thailand

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Affordable Housing Policies and Programs - Thailand

Housing Policies

No comprehensive national housing policy

3 main government units implement government middle and

low-income housing programs

Government Housing Bank (GH Bank), National Housing

Authority (NHA) and Community Development

Organization Institute (CODI)

Private sector provides housing from low-income to

multi-million baht homes

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Affordable Housing Policies and Programs - Thailand

New Policies

Cabinet approved National Housing Policy

Committee – May 28, 2008

Major responsibility of NHPC – oversee

formulation of comprehensive long-term

national housing policy

No more reliance on individual government’s

housing policies

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Affordable Housing Policies and Programs - Thailand

Specialized Financial Institution (SFI) – Ministry of Finance

Major emphasis – lower and middle income mortgages

Total Assets Bt 692 billion ($US 21.6 billion) (12/31/09)

Net income Bt5 billion ($US157 million) (12/31/09)

37.3 per cent of all outstanding individual housing loans (2009)

About GH Bank

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Affordable Housing Policies and Programs - Thailand

Government Pension Fund

members housing loans

Baan Eur-Athorn

Board of Investment (BOI)

low-income housing programs

Special GH Bank’s Housing Loan Programs

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Affordable Housing Policies and Programs - Thailand

Special GH Bank’s Housing Loan Programs

GH Bank First Home Project

Energy efficient projects

Saving for future home projects

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Affordable Housing Policies and Programs - Thailand

Assuring shelter for all residents in Thailand

Operates as state enterprise

Rental apartments, condominium, government

employee housing

Currently, primarily acts as an enabler between

government and private sector

National Housing Authority (NHA)

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Affordable Housing Policies and Programs - Thailand

Project to build 600,000 homes - 2005 Scaled down – currently 200,000 under

construction Government subsidies granted to private sector

developers Houses sold at affordable prices GH Bank and Government Savings Bank - buyer

financing

NHA – Baan Eur-Arthorn Project

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Affordable Housing Policies and Programs - Thailand

Community Organization Development Institute (CODI)

Finance slum-area communities Develops community-based savings programs and

organization through co-operatives Funded from Government budget Baan Mankong program – very successful Since 2003, CODI has funded more than 77,000

households in more than 245 districts throughout Thailand

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Affordable Housing Policies and Programs - Thailand

Well developed private-sector housing industry

Provide most homes from low-income sector

to multi-million dollar homes

Commercial bank financing readily available

– 50 per cent market share

Private-sector developers and commercial banks

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Affordable Housing Policies and Programs - Thailand

Keys to future growth – policy issues

Reducing land, construction and other

costs

Further developing housing-financing

markets

Developing secondary housing markets

Housing finance education for the public

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T h a n k y o u

www.ghb.co.th