BAM arrange"Real Estate Expo in 5 Locations" with 120 million bath sale target

BAM continues to proactively promote its properties for sale through the "Real Estate Expo in 5 Locations" event. BAM presented a selection of great assets in good locations including houses, land, and condominium units for customers to choose from. BAM offered the attractive promotion of free ownership transfer fee and a chance to win a plot of land, townhouse or condominium unit from BAM worth more than 3 million baht.

            BAM’s Senior Executive Vice President Mr. Somporn Moonsrikaew said that BAM still implements proactive policies in selling the properties. During 19-25 June 2014, BAM held "Real Estate Expo in 5 Locations". BAM presented a selection of great assets in good locations of Bangkok and vicinities and put on 20-30% sale. The selection of properties for sale included houses, land, and condominium units worth more than 1 billion baht for customers to choose from. The events were held in 5 locations, Future Park, Rangsit; The Mall, Bang Khae; Fashion Island, Raminthra; BAM branch office in Seacon Square, Srinakarin and BAM branch office in Central Plaza, Chaeng Wattana.
The selection of condominium units that BAM presented this time included State Tower Condominium. They are the cheapest condominium units on Silom road. Located in the city center, it is near Saphan Taksin BTS station, Shangri-La Hotel and Assumption Bangrak School. It is close to the entrance to the toll way. The units in State Tower are 67-126 square meters with a staring price of 4.3 million baht. Floraville Condominium is a luxurious condominium near Hua Mak Airport Link station, Vibharam Hospital, and Pattanakan 51 road. The units are 80-409 square meters with prices starting from 35,000 baht/square meter. Anchan Suanluang Condominium units (in Soi On Nut 70/1 On Nut road) are 61.29-67.22 square meters with prices that start from 15,500 baht/square meters.

            Regarding detached houses, BAM has a property in Perfect Place on Rattanathibet Road, Nonthaburi. It is 59.80 square wa and the price starts from 5,200,000 baht. In Maneerin Exclusive Park Rangsit-Pathumtani, BAM has a house the size of 72.6 square wa with a starting price of 4,361,000 baht. In Wararom Village Bang Khun Tien, Bangkok, BAM has a unit with a starting price of 5,117,000 baht. In Lalin Green Ville, Saimai Bangkok, there is a unit the size of 50.7 square wa with the starting price of 3,850,000 baht.

            Regarding investment property, BAM has an office space in ITF-Silom Palace in Bangrak with the size of 1616.38 square meters. The price starts from 111,530,000 baht. In Regent Srinakarin Tower, BAM has an office space the size of 124.84 square meters with the starting price of 3,435,000 baht. In Kritsada Nakhon 19 Pathumtani, BAM has a plot of vacant land the size of 34-2-11.1 rai. The price starts from 75,961,000 baht. There were many other properties for sale that BAM presented for the event. The target for this event was 120 million baht.

            In addition BAM has a promotion of free ownership transfer fee. The customers also get a chance to win a plot of vacant land in Khao Yai, townhouses and condominium units in Bangkok. The value of the prizes is more than 3 million baht. These privileges are only for BAM customers who buy BAM’s properties and transfer the ownership within 15 June 2014 – 31 May 2015. (The customers who pay installment with BAM are not entitled to this promotion.) The prize drawing will be on 10 June 2015 at BAM headquarters. Also, BAM collaborates with financial institutions to offer special home loan deals to customers. Government Saving Bank offers home loans with a 4.5% fixed interest rate for 3 years. Thai Military Bank offers 0% interest for 2 months. TMB also offers to waive the property survey fee and free fire insurance. Tisco offers a 7-year fixed interest rate with a 95% credit limit.

             Mr. Somporn Moonsrikaew also commented on the real estate market trend, saying that it should recover by the fourth quarter. However, it would not recover much in the third quarter because the economy would need time to grow again. On the other hand, the second hand house market trend in the third quarter seems to be better than the second quarter. That is because consumer confidence has become more stable. The sale of second-hand house has become more stable than the first quarter. The second-hand house market should recover in the fourth quarter. Previously, the consumers have slowed down their decision due to political instability. It is speculated that consumers used that time to study the real estate market and locations instead. Therefore, they should be able to make a decision and buy houses at the end of this year.