Bangkok--Jun 1--Capital Advisory Services
The Legal Execution Department in conjunction with Property Choice and Palarp Property Management are confident rising oil prices and higher interest rates will bolster consumer’s interest in pre-owned homes as the forthcoming property auction includes over 150 property items worth over 150 million baht in combined value. The starting bid price of these property items is only 50-80% of their appraised value. The auction is scheduled to begin on June 8 at Legal Execution Department office in Patumthani Province. Auction of properties in Samutprakarn will start on June 22 this year.
Annop Senasuttipan, Marketing Director of Capital Advisory Services (Thailand) Co., Ltd., operator of an asset management unit under the name “Property Choice”, disclosed that the Legal Execution Department along with Global Thai Property Mutual Fund and Palarp Property Management Co., Ltd., would host an auction in June to unload over 150 property items in Patumthani and Samutprakarn. These attractive property items up for auction include single-detached home, townhouse, condominium, suite, commercial building and empty lot.
“The auction of property items in Patumthani Province will start on June 8, 2005. Over 47 items of houses and lots in Thanyaburi area worth over 40 million baht in estmiated value. On June 14, the second auction session will follow with 34 property items up for grabs with combined value of over 25 million baht. Auction of properties in Samutprakarn will kick off on June 22. The starting auction price is only 50-80% of the official appraised value. Auctions start at 9.00 am. at provincial office of the Legal Execution Department,” he said.
“In the current situation where oil prices, interest rates and cost of living are rising, homebuyers are looking at something they can afford, which means pre-owned properties are becoming increasingly attractive. Apart from the price, these property items are already completed. Buyers can inspect the items before participating in the auction. Details of the auction can be obtained at 0—2250-9500 or visit www.propertychoice.net,” he said Attractive property items in Thanyaburi area (Klong Luang, Thanyaburi, Lamlukka and Nongsua) include townhouses at Tararin Project with estimated value of 692,400 baht each; Chomfah Rangsit Project with estimated value of 1 million baht; single-detached houses at Siwalee Rangsit 1 Project with estimated value of 3.37 million baht. In Muang district, Ladlumkaew and Samkok, interesting projects include townhouses in Promprueksa and Banrimnam with estimated value of 717,000 baht, Maneerin Lake and Lagoon Project with estimated value of 1,639,000 baht and empty lot of 72 square wa in size at Parichat Project worth 1,080,000 baht in estimated value.
Property items in Samutprakarn Province include houses at Noble Park, empty lots at Windmill, Thana City, Ekkpailin Tower, Baan Suan Thon projects. Attractive townhouses include those at City Park Townhouse with estimated value of 480,000 baht and Raimond Park with estimated value of 741,000 baht. Offered properties have starting bid price of 50-80% of their official appraised value.
“Property Choice” is operated by Capital Advisory Services (Thailand) Co., Ltd., leading operator with respect and recognition in the asset management industry, whose slogan is “Property Choice: Choice for homebuyers, alternative for good pre-owned homes”
For more information please contact:
Capital Advisory Services (Thailand) Limited
Tel.0-2250-9500 or www.propertychoice.net End.