BAM arranged the booth in Home & Condo Expo with the target sales of 200 MTHB

           BAM selected great assets in good locations in Thailand which had the value more than 4,000 million baht to be discounted at 20-30% in the 28th Home & Condo Expo. The special promotions were offered to the customers who bought assets at the booth by proposing the price less than 3 million baht and waiving transferring ownership fee, including giving the reward from the 15th anniversary’s lucky draw.

           Mr. Krit Sesavej, the President of Bangkok Commercial Asset Management Co.,Ltd. (BAM), said that in the 28th Home & Condo Expo Queen Sirikit National Convention Center (QSNCC) during May 9 – 12, 2013, the company has offered the special discount at 20-30% for the properties for sale such as ready-to-lived house and ready-to-used land with total value more than 4,000 million baht. The assets offered for sales in the festival were vacant land, allocated land, single house, townhouse, condominium, office building, and plant.

           The properties for sale selected by BAM were the assets from many famous projects such as; Flora Ville Condominium, Soi Pattanakarn 51, near Hua Mark station, Airport Link, its price was started at 30,000 baht per square meter; President Park View Tower Condominium, Sukhumvit 24, near Prompong station of BTS sky train, its price was started at 65,600 baht/square meter; Twin Tower Condominium, Changwattana-Pak Kred Road, its price was started at 500,000 baht/unit; Perfect Place, two-floor single house, Ramkhamheng 164 Road, it price was started at 4,754,000 baht; Chaiyapruek, two-floor single house, Bangna-Trad Road, its price was started at 3,849,000 baht; and other properties for sales. This festival was expected for the sales target at 200 million baht. 

           The promotions, for customers who bought the assets from the booth in Home & Condo Expo, were waiving of  transferring ownership fee when buying the assets of which price less than 3 million baht. Moreover, all other customers who bought the assets and transferred the ownership within December 15, 2013 would receive the 15th anniversary’s special promotions, for example; 2 prices of SUZUKI SWIFT; 6 prizes of travelling package to Korea consisted of the air ticket, accommodation, and meals for 2 persons/1 prize; 4 prizes of 2-baht gold, 14 prizes of YAMAHA FINO, 3 prices of PTT gasoline card valued 20,000 baht, and 68 prizes Tesco Lotus’ gift voucher valued 5,000 baht. Totally, there were 97 prizes. This promotion was except for the customers who bought under the installment payment condition. In addition, the customers who got the prizes would be subjected to pay 5% withholding tax based on the prizes’ value.

           In the same time, the customers who bought the assets for living from BAM would be offered for 4.5% interest rate for 3 years from Government Saving Bank (GSB) with free evaluation fee and loan at 90% of assets’ value; and loan from Thai Military Bank Public Co.,Ltd (TMB) with 0% interest for 2 months, and waive for survey fee and fire insurance.

           In addition, BAM also arranged BAM Condominium Expo 2013 in the whole month of May under the idea of buying condominium in lower cost than rental in public price. There were more than 1,800 units of condominiums in various locations, both in Bangkok and territory, which were sold in public price started at 100,000 baht each with many privileges. The objective of this festival was to create the opportunity to own accommodation for the people who had low income. The condominiums, from the well-known projects in various locations and with price variety, were selected for customers’ selection. For example; Hatairat Condominium, Lamlukka; Platong Condominium, Bang Poon; Niranresidence Condominium, Ramkhamheng II; Ladprao Condotown, Ladprao 87; and Ueapracha Condotown, Chokchai 4.

           The President of BAM also said about the direction of real estate market in 2013 that it would grow continuously in both Bangkok and upcountry. The supportive factors were the government’s policy to activate the consumer’s purchasing power and low interest rate of loan, both factors could stimulate the market very well. This also include the trend of the real estate in the North-East and the North of Thailand which was grown according to economic expansion, caused the higher price of land in many provinces. At this time, there was no signal of Bubble Economy trend because the most commercial banks strictly limited in loan releasing to the entrepreneur and retail customers and the bad debt’s value was still low.