Banana7 Posted October 25, 2020 Author Share Posted October 25, 2020 Here is a list of financing organizations that maybe looking to sell non-performing assets, loans or leases. Shop around, you may find a bargain of a lifetime! Banks Thanachart Bank Ayudhya Bank Siam Commercial Bank TISCO Bank Kiatnakin Bank Kasikorn Bank ICBC Bank Krungthai Bank NBFCs Muangthai Capital Asia Sermkij Leasing Nakhon Luang Capital Limited Thitikorn Summit Capital Group Lease Aeon Thana Sinsap G Capital Public Limited Thai Ace Capital SGF Capital JMT Network Phatra Leasing Company Mitsib Leasing Motor Vehicles Toyota Leasing Thailand Mercedes-Benz leasing BMW Financial Services MITSU Leasing Thailand Ford Services Thailand Company Limited Honda Leasing Thailand Company Limited Hyundai Motor Thailand Company Limited KIA Motors Finance Mazda Financial Services Limited Suzuki Motor Thailand Company Limited Volvo Financial Services Tri Petch Isuzu Leasing Company Limited Land Rover Financial Services Mini Financial Services Porsche Financial services Thai Rung Union Auto Public Company Limited 2 1 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted October 26, 2020 Popular Post Share Posted October 26, 2020 On 10/12/2020 at 1:12 PM, moontang said: Remember, it was a shady land deal that brought Thaksin down..and in that case there wasn't a publicly held company involved. FYI Thaksin was removed long before the land deal was discovered which indicates the plan to bring him down was engineered long before they had any hard evidence of wrongdoing. It was a direct result of Thaksin removing the then CEO of KTB Viroj from his post. This irked the establishment and several of Thaksin's friends including Sondhi. The protests against Thaksin started thanks to Sondhi's media outlets, the mobilisation of the yellow shirts and politicisation of the country's highest institution. Sorry for veering off topic, but I felt the need to correct this misinformation. 3 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted October 26, 2020 Share Posted October 26, 2020 16 hours ago, scubascuba3 said: That's not new for that condo, I've seen a couple bigger units for less than 1m Thanks and this again confirms that good deals are better found in the open market. Link to comment Share on other sites More sharing options...
moontang Posted October 26, 2020 Share Posted October 26, 2020 1 hour ago, Mr Meeseeks said: FYI Thaksin was removed long before the land deal was discovered which indicates the plan to bring him down was engineered long before they had any hard evidence of wrongdoing. It was a direct result of Thaksin removing the then CEO of KTB Viroj from his post. This irked the establishment and several of Thaksin's friends including Sondhi. The protests against Thaksin started thanks to Sondhi's media outlets, the mobilisation of the yellow shirts and politicisation of the country's highest institution. Sorry for veering off topic, but I felt the need to correct this misinformation. I misstated, but it was the first thing he was ever sentenced for. He was already in self-exile, so yes it was later in the game. He was still running the government and the sentencing set the stage for further conflicts between yellow and red. The prosecution couldn't prove that the 22 million she paid was actually below market. 1 Link to comment Share on other sites More sharing options...
Popular Post scubascuba3 Posted October 26, 2020 Popular Post Share Posted October 26, 2020 5 hours ago, ExpatOilWorker said: Thanks and this again confirms that good deals are better found in the open market. I think they try and sell first then they will go to auction, that seems to be where the best deals will be 2 2 Link to comment Share on other sites More sharing options...
Leaver Posted October 31, 2020 Share Posted October 31, 2020 On 10/26/2020 at 3:01 PM, scubascuba3 said: I think they try and sell first then they will go to auction, that seems to be where the best deals will be Would they even bother trying to sell before auction in this market? Link to comment Share on other sites More sharing options...
scubascuba3 Posted October 31, 2020 Share Posted October 31, 2020 1 minute ago, Leaver said: Would they even bother trying to sell before auction in this market? Probably part of the process, I hear at an auction they have a reserve price, if not sold then it goes back to auction at a lower price and repeat Link to comment Share on other sites More sharing options...
Leaver Posted October 31, 2020 Share Posted October 31, 2020 Just now, scubascuba3 said: Probably part of the process, I hear at an auction they have a reserve price, if not sold then it goes back to auction at a lower price and repeat A tender process may be more efficient in the current climate. Link to comment Share on other sites More sharing options...
Hmunker Posted November 13, 2020 Share Posted November 13, 2020 On 10/25/2020 at 10:23 AM, ExpatOilWorker said: 40 m2 for 900k baht in Pattaya. https://www.bam.co.th/propertydetail/3616 I can see the button to change to English translation but it stays stuck in Thai.Unless there’s another way I don’t know of viewing in English 1 Link to comment Share on other sites More sharing options...
CorpusChristie Posted November 13, 2020 Share Posted November 13, 2020 There is condo for sale for 1,660,752.5 Baht Why do they have the 50 Satang in the price ? https://www.bam.co.th/saledetail/36772 Link to comment Share on other sites More sharing options...
Hmunker Posted November 13, 2020 Share Posted November 13, 2020 41 minutes ago, CorpusChristie said: There is condo for sale for 1,660,752.5 Baht Why do they have the 50 Satang in the price ? https://www.bam.co.th/saledetail/36772 Every little bit helps???? 1 Link to comment Share on other sites More sharing options...
jacko45k Posted November 13, 2020 Share Posted November 13, 2020 9 hours ago, CorpusChristie said: There is condo for sale for 1,660,752.5 Baht Why do they have the 50 Satang in the price ? https://www.bam.co.th/saledetail/36772 They wanted to put .99 as usual and realized they didn't have any single satangs for the change. Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted November 14, 2020 Share Posted November 14, 2020 18 hours ago, Hmunker said: I can see the button to change to English translation but it stays stuck in Thai.Unless there’s another way I don’t know of viewing in English BAM is in Thai only, as far as I can see. They just changed the price of the 900K unit to 1,188,000 baht. Business must be good! https://www.bam.co.th/propertydetail/3616 1 Link to comment Share on other sites More sharing options...
moontang Posted November 15, 2020 Share Posted November 15, 2020 On 11/14/2020 at 2:12 PM, ExpatOilWorker said: BAM is in Thai only, as far as I can see. They just changed the price of the 900K unit to 1,188,000 baht. Business must be good! https://www.bam.co.th/propertydetail/3616 Or they discovered they owe the JP 288K. 1 Link to comment Share on other sites More sharing options...
Leaver Posted November 24, 2020 Share Posted November 24, 2020 On 11/13/2020 at 8:26 PM, CorpusChristie said: There is condo for sale for 1,660,752.5 Baht Why do they have the 50 Satang in the price ? https://www.bam.co.th/saledetail/36772 When you are selling so many, all those satang add up. ???? 1 Link to comment Share on other sites More sharing options...
chrisandsu Posted November 24, 2020 Share Posted November 24, 2020 On 11/13/2020 at 11:12 PM, ExpatOilWorker said: BAM is in Thai only, as far as I can see. They just changed the price of the 900K unit to 1,188,000 baht. Business must be good! https://www.bam.co.th/propertydetail/3616 High season price ???? Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted January 17, 2021 Share Posted January 17, 2021 Bangkok condo prices dropped by 11% in the past year, going from an average of 141,800 baht per square metre in the fourth quarter of 2019 down to 126,909 baht per square metre in 2020, according to a report by Nexus. https://thethaiger.com/news/bangkok/bangkok-condo-prices-expected-to-continue-to-fall-this-year Link to comment Share on other sites More sharing options...
ivor bigun Posted January 17, 2021 Share Posted January 17, 2021 There is a very large place on our estate,the bank want 29 million ,i reckon its worth 8/9 in todays market ,been for sale for 4 years . Link to comment Share on other sites More sharing options...
kingdong Posted January 17, 2021 Share Posted January 17, 2021 On 11/13/2020 at 1:26 PM, CorpusChristie said: There is condo for sale for 1,660,752.5 Baht Why do they have the 50 Satang in the price ? https://www.bam.co.th/saledetail/36772 Thats for the purchaser to knock off the asking price so he thinks hes got a bargain. Link to comment Share on other sites More sharing options...
jaideedave Posted January 17, 2021 Share Posted January 17, 2021 On 10/9/2020 at 9:42 AM, Grumpy one said: A friend was interested in a bank repo down in Panburi, we went look at it and were chased off by the sitting residents Turns out they refused to move out when the bank reclaimed it So any future buyer has to buy sight unseen and then try and dislodge the tenants Myself...I would use an established realtor or nothing.Wouldn't even try to buy privately unless I knew the vendor. IMHO Link to comment Share on other sites More sharing options...
Popular Post stupidfarang Posted January 17, 2021 Popular Post Share Posted January 17, 2021 I have been told by a Thai who works for a Thai bank in lending and reprocession that the Banks are govern by law when they reprocess a property, they have to advertise the property at the going rate for x amount of time then they lower the price which is then advertise at the reduce rate for x amount, then they advertise for a third time the property at a reduce rate for x amount of time. If the property is not sold it then goes to the Goverment legal excution department which sells it at the rate that is owed on the property. If not sold the first time the price is reduced by 10%, if not sold the second time then price reduced by another 10% , if not sold the then price reduced by another 10% for the third time. If not sold after that I do not know what happens. Also, worth knowing is that many B**k employees allegedly have groups where they buy key property between them at a very good price, emphasis is on very good price which no one else could ever get. They then sell the property on the open market and get a good profit that is shared between the employees allegedly. 4 1 Link to comment Share on other sites More sharing options...
Leaver Posted January 17, 2021 Share Posted January 17, 2021 3 hours ago, stupidfarang said: Also, worth knowing is that many B**k employees allegedly have groups where they buy key property between them at a very good price, emphasis is on very good price which no one else could ever get. They then sell the property on the open market and get a good profit that is shared between the employees allegedly. They will be busy this year. 2 Link to comment Share on other sites More sharing options...
HashBrownHarry Posted January 17, 2021 Share Posted January 17, 2021 13 minutes ago, Leaver said: They will be busy this year. Hold on hold on hold on. You claim on another thread business's cannot be given away for free but think this bank consortium ( as such ) will be able to see properties willy nilly.......really? Link to comment Share on other sites More sharing options...
Leaver Posted January 17, 2021 Share Posted January 17, 2021 5 minutes ago, HashBrownHarry said: Hold on hold on hold on. You claim on another thread business's cannot be given away for free but think this bank consortium ( as such ) will be able to see properties willy nilly.......really? The OP's about residential property, not commercial businesses. This "consortium" will have a lot of properties to consider this year. 1 Link to comment Share on other sites More sharing options...
HashBrownHarry Posted January 17, 2021 Share Posted January 17, 2021 3 minutes ago, Leaver said: The OP's about residential property, not commercial businesses. This "consortium" will have a lot of properties to consider this year. So now they won't be busy? I'm going to Leave(r) this thread, it's too much stress on my brain that you keep changing your mind and don't know what's going on. Have a nice day ( or night ) which one is it? Bi Bi. 1 Link to comment Share on other sites More sharing options...
kingofthemountain Posted January 17, 2021 Share Posted January 17, 2021 (edited) 5 minutes ago, HashBrownHarry said: So now they won't be busy? I'm going to Leave(r) this thread, it's too much stress on my brain that you keep changing your mind and don't know what's going on. Have a nice day ( or night ) which one is it? Bi Bi. Leaver wasn't changing his mind you was the one mixing buying a bar and buying a real estate it's not at all the same ROI nor the sames runing costs, so it's understandable to avoid the first (Even if it's ''free'') and buy the second (IF the price is really cheap) Edited January 17, 2021 by kingofthemountain Link to comment Share on other sites More sharing options...
Leaver Posted January 17, 2021 Share Posted January 17, 2021 5 minutes ago, HashBrownHarry said: So now they won't be busy? I'm going to Leave(r) this thread, it's too much stress on my brain that you keep changing your mind and don't know what's going on. Have a nice day ( or night ) which one is it? Bi Bi. What part of "This consortium will have a lot of properties to consider this year" don't you understand? 1 Link to comment Share on other sites More sharing options...
HashBrownHarry Posted January 17, 2021 Share Posted January 17, 2021 17 minutes ago, kingofthemountain said: Leaver wasn't changing his mind you was the one mixing buying a bar and buying a real estate it's not at all the same ROI nor the sames runing costs, so it's understandable to avoid the first (Even if it's ''free'') and buy the second (IF the price is really cheap) Aw, that's cute you're sticking up for him, sweet. Are you suggesting that business's are worthless but the private real estate market is booming....really? Link to comment Share on other sites More sharing options...
kingofthemountain Posted January 17, 2021 Share Posted January 17, 2021 (edited) 7 minutes ago, HashBrownHarry said: Are you suggesting that business's are worthless but the private real estate market is booming....really? Nope what i am suggesting is that the bar business is worthless, particularly at the moment the private real estate market isn't booming, in fact it's the opposite, it was already a ''bubble'' before Covid, now the bubble is not far to explode, hence the possibility of some bargains Edited January 17, 2021 by kingofthemountain Link to comment Share on other sites More sharing options...
ICELANDMAN Posted January 17, 2021 Share Posted January 17, 2021 On 10/9/2020 at 7:01 AM, jacko45k said: One would expect the banks to be keen to get them off their books, they aren't realtors, Are they limited to what is owed on the property or fixated on an inflated value? Did they originally lend too much on the property? The banks will never lower their prices only if the building falls into disrepair because they have to write in their books the loss of their inability to value the customer. 1 Link to comment Share on other sites More sharing options...
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