Bangkok--Feb 28--Mastermind
Legal Execution Department to auction over 160 property items with good projects in prime locations within Minburi-Nonthaburi
The Legal Execution Department in conjunction with Global Thai Property Mutual Fund and Palarp Property Management Co., Ltd., will auction out over 160 property items including single-detached houses, townhouses and condominium units in Minburi and Nonthaburi areas at starting bid of only 50%-80% of their official appraised value. It is a true golden opportunity for homebuyers looking for houses in good location.
Annop Senasuttipan, Marketing Director of Capital Advisory Services (Thailand) Co., Ltd., operator of an asset management unit under the name “Property Choice”, disclosed during the first quarter of 2005, the Legal Execution Department along with Global Thai Property Mutual Fund and Palarp Property Management Co., Ltd., would host an auction to unload over 160 items of property whose combined estimated value exceeded 200 million baht. The auction would be held in the provinces where the properties were located for the convenience of interested homebuyers, he said.
On March 3, 2005, the auction for houses and lots in Nonthaburi area will be held. Over 70 property items worth over 60 million baht in estimated value — singled-detached houses, townhouses and condominium units — will be up for bid. An auction for properties in Minburi area will follow on March 9. During this auction over 90 property items with combined estimated value of 140 million baht will be offered to interested homebuyers. All the property items up for bid during these auction will have starting bid at 50-80% of their estimated prices.
“This is indeed an opportunity for homebuyers to secure themselves of pre-owned properties at good condition, complete with all the comfort elements at very attractive prices. Speculative investors can also take this opportunity to invest in good properties complete with transportation network, warm environment and excellent location. More importantly, Minburi is expected to have access to sky trains soon. The starting bid price will be 50-80% of the estimated value, which is quite attractive to participating bidders. The auction will take place at district offices of the Legal Execution Department in Minburi and Nonthaburi. The auction will start at 1.00 pm and 9.30 am in Minburi and Nonthaburi respectively,” he said.
Good housing projects offered during the auction in Minburi include Perfect Place Ramkamhaeng — single-detached housing project on 108 square meter land plot with estimated value of 2,557,440 baht — Chuanchuen Neo House Project — twin-housing project with estimated value of 1,426,000 baht. Interesting townhouse projects include Bussarin Ramintra and KC Garden Home. Estimated value for each unit in Bussarin Ramintra is 520,000 baht, while there are 15 units up for bid at KC Garden Home.
As for the auction of properties in Nonthaburi, interesting projects include Puttachart Bangbuathong (965,000 baht estimated value) and Pattaraniwes — townhouse project (932,000 baht estimated value). Excellent condominiums include Lake View Condominium (2,788,200 baht estimated value) and Rattanatibet 1 Condominium (460,000 baht estimated value). These properties are to start bid at 50 — 80% of the official estimated value.
Annop said interested participants can contact 0-2250-9500 for more details or visit www.propertychoice.net or pick up auction documents personally at the 32nd floor of CRC All Seasons Place.
Property Choice is operated by Capital Advisory Services (Thailand) Limited. The company is renown for its expertise in property auction as evident in previous public auctions, where many interested homebuyers turned up, living up to its slogan of “Property Choice — The choice of homebuyers: New alternative for pre-owned houses for your utmost satisfaction.”
For more information please contact:
Kalaya Laiad-on
Capital Advisory Services (Thailand) Limited
Tel.0-2250-9500 or www.propertychoice.net End.