Bangkok--Feb 28--Capital Advisory Services
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 property auctions starting on March 2, 2006 to unload over 200 property items within Bangkok, Minburi and Samutprakarn with starting auction price of only 50-80% of the official appraised value. The pre-owned homes on offer have excellent locations and are not expensive.
Annop Senasuttipan, Marketing Director of Capital Advisory Services (Thailand) Co., Ltd., operator of an asset management unit under the name “Property Choice”, disclosed details of the property auctions, which kick off on March 2 saying, the Department of Legal Execution in conjunction with Global Thai Property Mutual Fund and Palarp Asset Management Company would be hosting a property auction to offer over 200 attractive items situated within Bangkok and its vicinity, which include single-detached homes, townhouses, condominium, shop houses and empty lots worth over 250 million baht combined appraised value.
The auction of properties will be conducted at the Legal Execution offices in each locality from 9.00 am onward. On March 2, 2006, the auction will be for properties situated in Bangkok. On March 9, the auction will be for properties in Minburi and on March 22, the Department of Legal Execution will offer properties in the vicinity of Bangkok at its office in Samutprakarn Province. The starting auction price is only 50-80% of the properties’ official appraised value.
“At present, the size of pre-owned homes is larger than that of brand-new houses. Within Bangkok alone, there are around 200,000 units of pre-owned homes available, while each year, there are only 60,000 — 70,000 new homes. The measures promoting sales of pre-owned homes such as reduction of transfer fee from 2% to 0.01% have created positive impact to the entire property market, while enhancing the advantages of pre-owned houses in addition to variety in locations, designs and prices,” he said.
“These property items will be offered at the auction with starting bid price of only 50-80% of the official estimated value. This is indeed a great opportunity for those wishing to own homes at affordable prices in excellent locations such as Sukhumvit, Ladprao, Prakanong, Samsen, Pracha-uthit or the outer limits bordering Minburi with good livelihood and convenient transportation access,” he explained.
Attractive items in Bangkok to be offered during the auction include single-detached homes in Chaiyapruek Talingchan Project with appraised value of 2.57 million baht; townhouse in Ketnuti Garden Project with appraised value of 760,000 baht; shop houses in Srivara Town in Town Project with appraised value of 3.15 million baht; and empty lot in Tipnakorn Suanthong Project at 1 rai and 60 square wah with appraised value of 5.98 million baht.
Attractive items in Minburi include single-detached homes in Chaiyapruek Ramindra Project with appraised value of 6.79 million baht; townhouse in Krissada Nakorn Minburi Project with appraised value of 2.63 million baht; and empty lot in Panya Ramindra Project at 1 rai and 61 square wah with appraised value of 9.68 million baht.
Attractive items in Samutprakarn include suite in Nobel Park Project with appraised value of 1.85 million baht; single-detached homes in Preecha Srinakarin Project with appraised value of 3.14 million baht; and suite in Suanthon Srinakarin with appraised value of 910,000 baht.
For more information on the auctioned properties please contact: 0-2250-9500 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.