Bangkok--13 Mar--Capital Advisory Services
“Property Choice” prepares to unload pre-owned properties in Nonthaburi Province worth over 30 million baht in property auctions held in conjunction with the Legal Execution Department starting on April 4 this year. The company is confident pre-owned houses will continue to be in good demand due to lower interest rates and attractive promotional campaigns such as 0% interest.
Kasik Sriswasdi, Marketing and Property-for-Sales Executive 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. were preparing to offer over 42 items of attractive properties in Nonthaburi Province worth over 30 million baht in total official appraised value during the upcoming auctions. These properties include single-detached homes, townhouses, condominiums, shop houses and empty lots.
“The auctions of properties in Nonthaburi Province will be held twice, on April 4 and April 11 at the offices of the Legal Execution Department at each respective area from 9.00 am onward. The starting bidding prices are equivalent to only 50-80% of the properties’ official appraised value. Attractive properties include Lapawan single-detached home Project, Buathong Project, Asia Hometown Project and Popular Condominium Project,” he said.
“We are confident that the demand for pre-owned houses in 2007 will remain close to that of last year. The market is expected to remain sluggish during the first 2 quarters because consumers decide to slow down their spending. The market will begin to expand during the second half of the year should the country be free from any negative impacts. Positive factors including declining interest rates and nearing expiration of government stimulation measures will contribute significantly to home-buying decisions especially for the pre-owned homes,” he explained.
Apart from property items earmarked for the auctions, Property Choice also has over 1,500 property items worth over 1 billion baht in hand and ready for sale. Most of the available properties are those priced between 500,000 baht to 1 million baht. “We have recently launched a special campaign to promote these items. Those cheaper than 500,000 baht will come with special privilege of 0% interest for up to 10 months of installment. Those referring the buyers to the company will also receive 2% of the actual sale price when transaction is complete,” he said.
He added that the promotion was intended to help attract homebuyers because pre-owned homes or mildly priced brand-new homes were still in good demand. The behavior of people seeking to buy pre-owned homes had shifted toward preferences in houses with good enough conditions to allow them to move in. Repairing and refurbishing pre-owned homes are one way of adding value to the properties, making them competitive with newly built homes. Pre-owned homes usually command obvious advantages in terms of location. Homebuyers get more choices to choose from at the price that suits their preference,” he said.
Interested auction participants or buyers can contact Property Choice Call Center at 0-2250-9500 for more details or pick up auction documents personally at the 32nd floor of CRC Tower All Seasons Place or visit www.propertychoice.net .
For more information please contact:
Capital Advisory Services (Thailand) Limited
Tel.0-2250-9500 or www.propertychoice.net