Ms. Sirinat Naengonngong, Acting Managing Director of Sukhumvit Asset Management Company Limited (SAM), announced that on February 23, 2024, SAM will auction second-hand properties or non-performing assets (NPA) located in prime areas across Thailand. This includes properties for residential and investment purposes, such as vacant land, single houses, townhouses, commercial buildings, apartments, hotels/resorts, factories/warehouses, and residential condominiums, totaling 66 items valued at over 420 million baht. Interested parties can submit their bids by February 15, 2024.

Ms. Sirinat Naengonngong, Acting Managing Director of Sukhumvit Asset Management Company Limited (SAM)

SAM has also reduced prices on several highlighted properties and is offering special promotions for this auction event, such as “SAM Second-Hand Properties Must Share” for those who refer friends or acquaintances to purchase SAM's NPA priced under 1 million baht, earning a 2% commission per property. Additionally, “SAM Home Loan by GHB” offers customers special rights and interest rates when applying for loans through the Government Housing Bank (GHB), along with a gift voucher of up to 3,000 baht, subject to terms and conditions.

Examples of Featured Properties with Special Price Reductions:

1. Vacant land in Thanont Golf View and Sport Club project, Pracharuamjai Road, Sai Kong Din Subdistrict, Khlong Samwa District, Bangkok. A total of 12 plots with areas ranging from approximately 1 rai to 3 rais, starting price reduced from 3.6-8.7 million baht.

2. 5-story commercial building, 2 units in the Tapsiri project, area 30 sq.w., Phra Metta Road (Highway 4055), Patong Subdistrict, Kathu District, Phuket. Located in a residential area near Big C Extra Phuket, Jungceylon Shopping Mall, and Patong Hospital, starting price reduced from 18 million baht to 17.1 million baht.

3. 3.5-story commercial building, 2 units in the Patong City project, area 22.6 sq.w., Ratchapatanusorn Road, Patong Subdistrict, Kathu District, Phuket. Located in a residential and commercial area, with complete public utilities and convenient transportation, about 730 meters from Patong Beach, starting price reduced from 13.86 million baht to 13.16 million baht.

4. 3-story hotel/commercial building, 4 units, area 76 sq.w., Chaiyakul Uthit Road, Hat Yai District, Songkhla. Located in a residential and commercial area near Srinakharin School and Sangthong Witthaya School, starting price reduced from 14.19 million baht to 12.77 million baht.

Additionally, there are examples of properties in attractive locations:

1. 2-story single house in the Makmai project, area 95.3 sq.w., Ram Inthra Road, Khan Na Yao District, Bangkok. Starting price 6.82 million baht.

2. 4-story apartment in the Ramphai Phakth project, with 41 rooms, area 78 sq.w., Phahonyothin Road (Highway 1), Khlong Luang District, Pathum Thani, near Thammasat University and Bangkok University, starting price 5.59 million baht.

3. 2 buildings for sale and residential office, area 3 rai 30.7 sq.w., Ban Bang O-Ban Bang Thakham Road, Phunphin District, Surat Thani. Located in a residential area near Surat Thani Railway Station, Phunphin Hospital, and Phunphin Municipal Market, starting price 20.99 million baht.

Interested parties can register and submit their bids along with the required documents by February 15, 2024, and the bid opening is scheduled for February 23, 2024 at 10:00 AM onwards at SAM's headquarters, Sun Towers, Vibhavadi Rangsit Road, Bangkok. For more information, please contact the Call Center at 02-686-1888 and view property details on the website at www.sam.or.th. You can also follow us on various online channels by adding Line ID @Samline, and follow our Facebook Fanpage 'Second-Hand Properties Must Share' or the SAM NPA Channel on YouTube for updates from SAM.