Bangkok--Sep 28--Mastermind
Department of Legal Execution prepares over 200 excellent property items for auction on October 6 this year to help people get affordable homes
The opportunity for those looking for good pre-owned homes is here as the Department of Legal Execution in conjunction with Global Thai Property Mutual Fund and Palarp Asset Management Company is conducting a property auction on October 6, 2005 to unload over 200 attractive projects within Bangkok for starting auction price of only 50-80% of the official appraised value.
Annop Senasuttipan, Marketing Director of Capital Advisory Services (Thailand) Co., Ltd., operator of an asset management unit under the name “Property Choice”, disclosed that homebuyers looking for pre-owned homes would enjoy a great opportunity once again in selecting excellent homes from over 200 property items within Bangkok, from single-detached houses to townhouses, condominiums, shop houses and empty lots as the Department of Legal Execution in conjunction with Global Thai Property Mutual Fund and Palarp Asset Management Company is hosting a property auction, whose combined appraised value exceeds 300 million baht.
“These property items will be offered at the auction with starting bid price of only 50-80% of the official estimated value. As the government currently supports home owning, measures promoting home registration and pre-owned home mortgaging have been introduced to create stimulation in the pre-owned home market,” he said.
The auction of properties in Bangkok has been scheduled as follows: October 6, October 27, November 10 and November 21 this year at the office of the Legal Execution Department in Bang Khunnont from 9.00 am onward.
Attractive items during the auction include single-detached homes in Baan Pinklao Project — 185.1 square wah with appraised value of 5,880,960 baht; Baan Suay Rim Tarn Project Phuttamontol 2 — 50.4 square wah with appraised value of 1,715,280 baht; Baan Nai Fan Project Sukhumvit 105 — 78 square wah with appraised value of 3,349,5460 baht; and Kunalai Project Bang Khuntien — 60 square wah with appraised value of 1,818,280 baht. Interesting townhouse projects include Sue Trong Poject in Sapanmai — 39 square wah with appraised value of 1,115,280 baht; Wiset Suk Nakorn Project Pracha-uthit 79 with appraised value of 428,160 baht and Sintawee Grand Village Rama II with appraised value of 419,760 baht.
As for condominiums, there several interesting projects including Ocean Tower 1 Ratchadapisek — 261.13 square wah with appraised value of 8 million baht; Omni Complex Sukhumvit 4 — 65.59 square wah with appraised value of 2 million baht; Ruenrudee Comdonimum — 44 square wah with appraised value of 1.1 million baht; SV City Rama III — 51 square wah with appraised value of 1.3 million baht; and PST Condoville — 34.15 square wah with appraised value of 850,000 baht. There are also shop houses and empty lots in prime locations on Ratchadapisek, Sukhumvit, Ladprao and Satorn on this auction.
“Looking at these items from the appraised value, we find them very attractive. The starting bid price, which is only at 50-80% of the appraised value makes these items even more attractive. This is indeed a great opportunity one must not miss. See you at the 25 Years Building at the Legal Execution Department Office in Bang Khunnont, Bangkok on October 6 this year starting at 9.00 am. For more information on the auctioned properties please contact: 0-2250-9500 or pick up the document at the 32nd floor of CRC All Seasons Place or visit www.propertychoice.net.
“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.