BAM joins govt’s Baan Pracharat

          BAM joined the government’s Baan Pracharat scheme having a great deal of properties located nationwide put up for sale. They include condominium, single house, townhouse, and commercial building. Customers who wish to make purchase will be considered for a loan with special deals from either the Government Housing Bank (GHB) or the Government Savings Bank (GSB).

          Mr. Somporn Moonsrikaew, BAM’s Senior Executive Vice President, discussed about the government’s Baan Pracharat project that had just been approved. Provided that it is a total of 70,000 million baht worth of loan granted by the government, the project aims to help low-income earners to have their own residences. The GHB, GSB, and KTB will extend loan to interested developers, while only GHB and GSB will be in charge of personal housing loan. The eligibility requirements are that the borrower must be low-income earners (applicable for both salaried and freelancers), never hold an ownership of the housing, be at least 20 years old, and the sum of age and installment plan must not exceed 65 years.

          BAM is willing to take part in the scheme as it is preparing to have a number of properties priced less than 1.5 million baht located across the country put up for sale. For example condominium, single house, townhouse, and commercial building. Potential customers can request for a loan with special deals from either the Government Housing Bank (GHB) or the Government Savings Bank (GSB).

        The selected properties are, for example, Anchan Condominium, Pra Kanong, 12,700 baht per sq.m; the Residence, Rattanatibet, 340,000 baht; Nampetch Condo Town, Tiwanon, 198,000 baht, Chonnatee Condo Town, Pakkret, 320,000 baht; Nirund Condotel 1-5, Pracha-U-Thit, 284,000 baht; Tepleela Condo Town, Ramkamhaeng, 351,000 baht; Buatong Village 4, Baan Kluay Sai Noi Rd., 18 sq.wah, 935,000 baht; Sarinya Village, Klong Song, 18 sq.wah, 770,000 baht.

          Mr. Somporn also stated that real estate market was continuing to grow during the first half of 2016 influenced mostly by the development of mass transit system. The big progress has stirred the investment in the real estate market throughout Bangkok and vicinity. The 12 special economic zones in 10 provinces also encourage investors to invest more in projects located in regional areas. In addition, the industry had been supported by the government’s stimulus package since October 2015 to April 2016 with an offer of free transfer fee and 0.01% of mortgage fee. The most recent Baan Pracharat scheme adds even more plus to it.

List of BAM’s residential properties priced less than 1.5 million baht