Bangkok--Dec 1--Master Mind Communications
The opportunity for those looking for quality pre-owned homes in Nonthaburi is here before bidding farewell to the year 2005 as the Department of Legal Execution in conjunction with Global Thai Property Mutual Fund and Palarp Asset Management Company is conducting property auctions starting on December 6, 2005 to unload single-detached houses, townhouses and condominium on December 6 this year with attractive minimum bid of 50-80% of the properties’ 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 the Department of Legal Execution in conjunction with Global Thai Property Mutual Fund and Palarp Asset Management Company would offer over 40 property items namely single-detached houses, townhouses, condominium, shop houses and empty lots worth over 24 million baht in combined value during property auctions starting this December.
“This is a great opportunity for people looking for homes or empty lots to find good properties in prime locations. These are properties within existing projects where locations remain close to the city unlike those of the new projects, which are further away. The measure stimulating demand for pre-owned homes, which began taking effect starting last November 12 has helped generate more demand in the market,” he said. The Cabinet-approved measures dated September 13, 2005 include reduction of the 2% transfer fee to 1% and reduction of the 1% mortgage fee to 0.01%. The reduction of the 0.50% stamp duty awaits liberation from the tribunal committee.
The property auctions offering properties in Nonthaburi Province will be held 4 times on December 6, 13, 20 and 27 this year at the office the Department of Legal Execution in Nonthaburi starting at 9.00 am. “Interesting property projects include single-detached homes in Bangkruay-Sainoi — 82 square wah with appraised value of 1,746,080 baht; townhouses in Thanakarn Project on Rattanatibet Road with appraised value of 792,000 baht; Buathong 4 Project — 16 square wah with appraised value of 430,000 baht and Popular Condominium with appraised value of 225,600 baht. Other items include shop houses and empty lots in prime location of Nonthaburi,” he explained.
The Marketing Director of Capital Advisory Services (Thailand) Co., Ltd. stressed that starting prices of the properties during this new round of auctions were quite attractive. “The prices begin from only 50-80% of the appraised value. This is one good opportunity homebuyers should not miss. The auction begins on December 6 at 9.00 am at the Nonthaburi office of the Department of Legal Execution. 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:
Master Mind Communications Co.,Ltd
Tel : 0-2643-1191-2
Fax : 0-2643-1192
Capital Advisory Services (Thailand) Limited
Tel.0-2250-9500 or www.propertychoice.net End.