Final Push Before Year-End <\/span><\/strong>LPN <\/strong>responds to government measures to stimulate the real estate market by reducing transfer fees from <\/strong>2% to 0.01% and mortgage registration fees from 1% to 0.01% of the appraised value for residential properties priced under 3 million baht. LPN, a developer of residential properties under the concept of “Better Fit” and the post-sale strategy of “Liveable Communities,” is offering over 9 projects of both houses and condos in response to these measures, along with a sales promotion of “Member Get Member,” providing referral bonuses of up to 100,000 baht. <\/strong>This measure is believed to benefit consumers by creating opportunities for first-time homebuyers at affordable prices, effective from 1 Nov 2019 to 24 Dec 2020.<\/strong>

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            Mr. Opas Sripakdi, CEO and Managing Director of L.P.N. Development Public Company Limited (LPN), <\/strong>announced that after the Cabinet meeting approved measures to stimulate the housing market by reducing transfer fees from 2% to 0.01% of the appraised value and mortgage registration fees from 1% to 0.01% of the appraised value for residential transactions priced under 3 million baht, which must be transferred and mortgaged simultaneously. These measures will end on 24 Dec 2020. LPN, a property developer under the concept of “Better Fit,” has brought forward both houses and condominiums priced under 3 million baht across 9 projects for customers to choose from, believing it will benefit consumers by reducing their financial burden and providing opportunities for first-time homebuyers at affordable prices. The 9 projects include:

Condominiums:<\/u><\/strong>

  1. Lumpini Selected Suthisan-Saphan Khwai with the “Member Get Member” promotion, where friends refer friends to earn a referral bonus of up to 100,000 baht.
  2. Lumpini Place Ratchada-Sathu with a special “Member Get Member” promotion, where friends refer friends to earn a referral bonus of up to 100,000 baht.
  3. Lumpini Park Vibhavadi-Jatujak, scheduled for handover on 2-3 Nov.
  4.  <\/strong>Lumpini Ville Suksawad-Rama 3
  5. Lumpini Place Rama 3-Riverline

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Houses:<\/u><\/strong>

  1. Lumpini Town Ville Rangsit Klong 2
  2. Lumpini Town Ville Ladpladuk-Bang Phai Station
  3. Lumpini Town Ville Phaisin-Watcharapol
  4. Lumpini Town Ville Ratchaphruek-Pinklao

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            Mr. Opas added, “These measures will significantly stimulate the overall economy in the real estate sector, creating a lively market atmosphere, especially in the final stretch of the year when various real estate operators are eager to generate revenue for their companies, including LPN, which is gradually delivering quality homes to customers, starting with the “Lumpini Selected Suthisan-Saphan Khwai” project, featuring yoga activities with a renowned yoga instructor, and the “Lumpini Place Ratchada-Sathu” project with room decoration activities to enhance feng shui with a feng shui expert. Additionally, the “Lumpini Park Vibhavadi-Jatujak” project is set for delivery this weekend. Furthermore, there are projects like Lumpini Ville Suksawad-Rama 2 and Lumpini Park Phaholyothin 32, which will also be delivered within this year. Therefore, this measure will greatly assist and have lasting effects until the end of next year, alleviating the burden of fees for consumers genuinely seeking to purchase homes for living (Real Demand) and also providing a golden opportunity for investors to shop for real estate products. The essence of this measure is to reduce the transfer fee from 2% and the mortgage fee from 1%, totaling 3%, down to 0.01%, effectively reducing the cost from 30,000 baht per million to just 300 baht per million immediately. Moreover, it is open-ended and does not specify that it must be a first home compared to previous measures.”

            LPN's products are designed under the concept of “Better Fit” <\/strong>which communicates the brand's philosophy developed over 30 years in creating homes that best fit the real-life needs of residents. It consists of three elements: a design that fits, a lifestyle that is more convenient and safer than ever, and services that perfectly meet every detail under the post-sale management strategy of “Liveable Communities.”

For more information, call LPN Call Center at 02-689-6888 or visit Facebook Condo Lumpini.

Thank you for the information from www.lpn.co.th<\/a><\/p>