Housing Finance Mechanisms in Thailand

Page 70

um purchase loans, refinancing loans from other financial institutions), governmentwelfare project loans, loans to developers (loans to construct flats for rent, housing project development loans, and rental home loans).

6.1.3 THE OBSERVATION This Bank has been performing successfully. In 1996, it won an award for best practice by the United Nations (2006). The acknowledgement is quoted as follows:

Table 7.1 shows the locations of the “The Government Housing Bank has played branches of the Government Housing Bank. a key role in the development of Thailand’s housing sector. The Government Housing The branches in the Bangkok Metropolitan Region are one-third of the total. This is Bank has brought together the private secbecause most customers live in the met- tor, lending institutions, governments and ropolitan areas. Other branches are mainly homebuyers to improve housing affordin major regional cities. The Government ability in Thailand. It fostered partnerships Housing Bank plans to open more branches which created interdependence among in the future.

Table 6.1 Branches of the Government Housing Bank Region

Branches

Sub - Branches

Officesite Banking Counters

Others

Total

Bangkok Metropolitan Religion

30

10

1

40

Nothern

7

8

16

Northeastern

10

10

20

Central

10

7

17

South

8

8

1

17

Eastern

7

3

2

12

Total

72

36

4

122

10

59


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