BAM launches Sabai Condo, no money down, Bt1,000 starting installment

          BAM has launched “Sabai Condo 2016”, offering more than 1,800 cheaper-than-rental condominium units to those with limited budget. The installment starts only at 1,000 baht and special promotions are also provided. The project is active during October 1-30, 2016, implying the real estate market is still doing well.

          Mr. Somporn Moonsrikaew, Senior Executive Vice President of BAM, revealed BAM is launching the Sabai Condo 2016 project offering more than 1,800 affordable condominium units to low income earners. There are, for example; Niran Residence, Bangna-Trad; Intra View Condo Town, Ramindra; Baan Suan Tiwanon, Nonthaburi; Pon Anan Condominium, Pathumthani; Lerd Mongkol Tong Condo, Samutprakarn; Niran Condominium, Prakanong; Changtong, Rangsit; Meung Mai Condohome, Chonburi; and Community Housing, Phuket. Each property is priced less than 400,000 baht.

          BAM also provides special deal to customers with only 1,000 baht-deposit and another 1,000 baht for initial payment before moving in. The installment starts only at 1,000 and up to 3,000 baht per month depending on the property price, and the plan is up to 10 years. In case there is still an outstanding balance at due, customers shall pay all by the last period. If customers pay by cash or obtain loan from other financial institutions with the price less than 2 million baht, they will be offered free transfer fee.

          The Sabai Condo project is aimed to help those who have limited access to financial institutions to have their own residence, as they normally pay around 1,500-2,000 baht per month for rent. The target group is considered to be the tenants of the projects, the freelancers, the self-employed, the taxi drivers, the motorcycle services, and the white collars with the salary between 10,000-20,000 baht per month, or 3,000-4,000 baht of income. However, customers must have clear evidence of their sources of income and/or reliable workplace. This project has set the sales goal at more than 100 units sold or equivalent to 50 million baht. For further information please visit www.bam.co.th or contact 02-6300-700.

          Mr. Somporn added that the development of infrastructure project, particularly the mass transit system, is the main factor that highly supports the development of residential project. The launch of purple line BTS and the Si Rat Expressway - Bangkok Outer Ring Road project urge the investment in real estate sector both inner-city condominium and housing project in suburb area. The demand in the market and the low interest rate still keep people interested in buying.