Mr. Dave Lu, Founder and CEO of Whyborder.com Co., Ltd. stated that prior to the COVID-19 pandemic, the Thai real estate market was showing positive trends and had been growing steadily for a long time, attracting many domestic and foreign investors who saw investment opportunities.

            However, when the pandemic hit, the market came to a standstill, and currently, up to 30% of units in Thailand remain unsold, signaling a significant shift in buyer behavior. This has prompted developers to reassess and adapt to the new trends and purchasing demands that have emerged, leading to new ideas and approaches online, especially for buyers who cannot travel to Thailand due to travel restrictions.

            To meet the needs of people seeking a new way of life, Whyborder is committed to transforming the Thai real estate market through an online platform that connects and addresses all the needs of both foreign and Thai buyers, as well as project developers looking to sell properties from every angle.

            "Whyborder (whyborder) is an online auction platform for buying and selling real estate, opening a new dimension to borderless online auctions for the first time in Thailand."

 

            Purchasing real estate is a decision that requires significant consideration. We focus on supporting a good and efficient decision-making process for buyers and sellers through a transparent system with clear information that meets the needs of everyone, allowing access to both buying and selling projects from anywhere in the world.

            Whybid is a reverse bidding auction system where bidders can set their purchase price lower than the listed price, meaning the auction price does not increase as in traditional auctions. When the seller agrees or the auction ends, the winner will acquire the condo under the specified conditions, while other participants will be offered different units. The auction projects in Thailand will be broadcast to seven countries simultaneously worldwide, with Whybid maintaining a database of buyers and investors from over seven countries. The appointed brokerage firms in each country will manage the details and transactions. In Thailand, Nexus will act as the real estate broker supporting the auction process.

 

 

            Whyborder, a new real estate trading platform is user-friendly and convenient for foreign buyers participating in the auction, allowing them to purchase desired properties from home. The platform is designed with comprehensive information access in mind, from viewing and comparing project details to searching for preferred residential areas, and even providing contact information for local lawyers for free consultations via the website's messaging system, creating a seamless purchasing experience and instilling confidence in buyers. After the auction closes, the highest bidder above the seller's reserve price will own the property, and the transaction process can be completed within just two months. The first auction through Whybid will take place from October 8-15, 2021.

 

 

            Exclusive discount deals through Whyborder with several quality Thai projects participating in the auction include: Maru Ladprao 15, Manor Sanambinnam, Hyde Sukhumvit 11, Supalai Oriental Sukhumvit 39, Supalai Elite Surawong, and Supalai Prime Rama 9.