Devonshire Capital
March 27th 2003

NHA seeks loans worth Bt 60bn to finance low-cost homes - 120,000 units to be built next year.

The National Housing Authority has set a 60-billlion-baht borrowing plan to finance the construction of the Baan Ua-Arthorn low-cost housing program.

NHA governor Chuanpir Chaimuanwong said some 120,000 units under the program were expected to be completed by next year.

Funding would come from domestic financial institutions. Assets would eventually be sold and securitised. The government has set an ambitious target of offering up to one million housing units to low-income buyers over the next five years.

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