November 10, 2010 / 11:53 AM / 9 years ago

Thailand may limit home loans on bubble fears -group

BANGKOK, Nov 10 (Reuters) - The Bank of Thailand may impose a a limit on bank lending for real estate to prevent a possible bubble in the property sector, the Thai Condominium Association said on Wednesday.

The central bank is looking at reducing the loan-to-value ratio (LTV), the percentage of a property’s value that is given as a loan, in all residential segments, said Thamrong Panyasakulwong, president of the association.

“The central bank may impose the measure although the LTV ratio has not been set,” Thamrong told reporters after meeting with the central bank. “It’s likely that we will see that this month.” (Reporting by Viparat Jantraprap; Editing by Alan Raybould)

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