The government’s incentive package to help accelerate the home buying processes did not provoke much the market demand as many had expected, the Thai Real Estate Association’s secretary and managing director at Summakorn Plc Kittiphol Pramote told reporter in an interview at his office.

“The political did,” he said in an intimacy disposition with a dimple on a smiling cheek. “According to home sale data for April comparing to the previous month, there were 34,000 deals during March against 7,700 in the month.”

The government’s bloodiest crackdown on protesters in decade in April had cut buyers’ mood down significantly.

“There is also problem from the financial sector. Since lending regulations are stricter, the property ownership transfer processes are a lot more difficult.”

Mr. Pramote noted it’s time the property developers go on their way such as organize a promotional campaigning of premium-free. However, he admitted that the measure has created choices for decision making rather than buying demand.

Mr. Pramote predicted the market this year will grow by five percent to ten percent, depending on the critical level of political situation.