Bangkok--Mar 31--Capital Advisory Services
The Legal Execution Department in conjunction with Global Thai Property Mutual Fund and Palarp Property Management Co., Ltd., will auction out over 100 property items including single-detached houses, resort condominium units and empty lots in Pattaya, Chonburi Province at starting bid of only 50%-80% of their official appraised value. The department believes the items will be attractive to both Thais and foreigners.
Annop Senasuttipan, Marketing Director of Capital Advisory Services (Thailand) Co., Ltd., operator of an asset management unit under the name “Property Choice”, disclosed during the month of April, the Legal Execution Department along with Global Thai Property Mutual Fund and Palarp Property Management Co., Ltd., would host an auction to unload over 100 property items within Pattaya area. “This is the chance for those looking for a place for holidays in the resort town and investors interested in starting up a resort operation to tap on the lucrative tourism industry. The items offered during the auction are simply worth the investment,” he said.
“These property items have combined estimated value of over 50 million baht. The auction entitled ‘Chonburi Property Auction’ will be held at the provincial office of the Legal Execution Department in Pattaya on April 20, April 27, May 4 and May 18 of this year. The required starting bid will be as low as 50-80% of the official appraised value,” he explained.
“The auction will focus on property items situated within the town of Pattaya, one of Thailand’s important tourist attractions. Interesting choices include single-detached houses, townhouse, shop houses, condominium units and empty lots at various price levels. They are good for both Thai and foreign homebuyers looking for a place to stay, holiday shelter or even good long-term investment,” he said.
Excellent projects up for bid include S.T.S. Beach Resort Jomtien — 160.12-square meter condominium units with price tag of 2,780,000 baht - and cheap empty lots at nearby locations. Interesting condominium projects include Krissada Golden Condotel — 75.89-square meter condominium units with estimated value of 1.4 million baht and starting bid price at 50% of the appraisal, S.T.S. Beach Resort Jomtien with estimated value of 887,400 baht and Casa Paradise with estimated value of 648,000 baht. These items will be offered at starting bid price of 50-80% of the official appraised value.
Annop said the auction was expected to receive good response from both Thai and foreign investors and homebuyers. “Interested buyers can contact 0-2250-9500 for more details or pick up auction documents personally at the 32nd floor of CRC All Seasons Place or visit www.propertychoice.net,” he concluded.
Property Choice is operated by Capital Advisory Services (Thailand) Limited. The company is renown for its expertise in property auction as evident in previous public auctions, where many interested homebuyers turned up, living up to its slogan of “Property Choice — The choice of homebuyers: New alternative for pre-owned houses for your utmost satisfaction.”
For more information please contact:
Kalaya Laiad-on
Capital Advisory Services (Thailand) Limited
Tel.0-2250-9500 or www.propertychoice.net End.