Mr. Kitti Pattanapongpibul Chairman of the Mortgage Loan Association revealed that the association has organized the event. Home-Loan-NPA Grand Sale 2022 which is an exhibition of properties foreclosed (Non-Performing Asset: NPA) from banks and financial institutions with a variety of second-hand real estate to choose from On the best location at a low price, including mortgage products for home purchases And it’s the best opportunity to buy for living and investing. The event will be held from today -3 July 2022 at Impact Exhibition Hall 8, Muang Thong Thani.
“The Association has refrained from organizing events for the past three years due to the COVID-19 pandemic which has had a widespread impact on the Thai economy. and at the same time, causing a large number of outstanding foreclosed assets in the financial institution system. When the epidemic situation began to unravel The government has relaxed measures and allow tourists to travel into the country more conveniently The country’s economy began to recover. The association therefore sees it as an opportunity to organize marketing activities. to drain the foreclosed assets that have risen together once more,” said Mr. Kitti.
The event will feature tens of thousands of NPAs from banks and financial institutions, including single-family homes, townhomes, condominiums, commercial buildings, apartments, office buildings, factories and vacant land. Come join in the promotional activities with various promotions. and special credit offers such as
• Asset Management Company Bangkok Commercial Organize a campaign at Baan Dee Mee Dao by BAM, offering discounts of up to 30%, installments with BAM, 0% interest for 12 months.
• Government Housing Bank Selection of outstanding properties, more than 400 items, with a fixed interest rate for the first 4 years of 1.99% per annum for houses priced not more than 1.5 million baht.
• Government Savings Bank presents outstanding properties, good prices, attractive investments, with a maximum NPA discount of 35%.
• Bangkok Bank Offering ready-to-sell properties at a discounted price of up to 20% with special interest rates.
• Kasikorn Bank Second hand house, one price 1.99 million baht, free transfer up to 300,000 baht, ready to receive 0% interest for 6 months.
• Sukhumvit Asset Management Company (SAM) buy a SAM house, get more, free transfer fee 2%, free Voucher up to 40,000 baht, old customers receive a voucher up to 100,000 baht.
• Krung Thai Bank selects 4,500 beautiful houses, good locations throughout Thailand, offering a special price.
• Siam Commercial Bank Give a special discount on condominiums in the middle of the city with special interest starting from 2.99%
In addition, the National Housing Authority In addition, low- and middle-income housing projects were presented at the event. while real estate information center Government Housing Bank Prepare real estate information For decision making, both for living and investment are also presented at this event. And at the event, there is also a consulting service from specialists in specific fields. Including the introduction of an innovative automatic price estimation system (Bestimate) that allows consumers to access the property value quickly, and bring Big Data-Technology and Fintech-Digital Marketing that can meet the needs of individual buyers to serve the interested parties. second-hand real estate
Mr. Kitti added that he would like to reiterate that during this period it is the best opportunity to buy real estate. Especially second-hand real estate with several supporting factors: 1. Inflation that causes the cost of new homes to increase by 5-10%, while second-hand houses are the original cost, so prices are at least 20-30% cheaper. 2. Interest rate trends. to be adjusted Buying real estate during this period therefore receives a cheap interest rate, especially NPA, which is the asset of banks and financial institutions, therefore has attractive credit terms.
In addition, the government also supports the purchase of second-hand real estate at a price of not more than 3 million baht by reducing transfer and mortgage fees to 0.01% until the end of 2022, saving almost 30,000 baht per million. Best to Buy Real Estate NPA
side Mr Alongkot Boonmasuk Secretary General of the Mortgage Association He added that this year’s Home-Loan-NPA Grand Sale 2022 will be the first of its kind in a hybrid format, in addition to the Onsite event held at Impact Exhibition Hall. 8 Muang Thong Thani on 1-3 July 2022, the association has also organized an online event in the form of 3D Virtual Exhibition via the website https://bit.ly/NPA2022-virtual, starting online from the 15th. June 2022 until July 15, 2022
since the opening Home-Loan-NPA Grand Sale 2022 in 3D Virtual Exhibition format until June 30, 2022, there are 5,300 online visitors, 72.3% of them are women and 27.7% of men. Most online, or 44.9%, are between 25-34 years old and another 35.2% are between 35-44 years old, both of which are the age ranges that are looking to buy a home. to start building and expanding the family with a combined proportion of up to 80%
As for the housing that visitors in the online system are interested in, 65.8% detached houses, 19.1% twin houses, and 15.1% condominiums. with a combined proportion of 85%, partly because the general public wants to own a single-family home. causing the need for additional living space in the house Therefore, the demand for low-rise housing has increased in recent times.
As for the price level of interested houses, it was found that 39% of houses priced below 1 million baht to houses priced less than 2 million baht accounted for 39%, which is consistent with data from real estate information centers. The Government Housing Bank stated that second-hand homes priced below 2 million baht had the highest demand. Because it is a new home price level, there is very little supply due to rising land and construction costs. Second-hand houses are therefore an alternative for those who want houses priced below 2 million baht, while the demand for houses priced at 3-5 million baht accounted for 22% and the price 2-3 million baht accounted for 19%, respectively.
Mr Alongkot said that for the event Home-Loan-NPA Grand Sale 2022 in online format will continue until July 15, 2022. Anyone who missed the Onsite event at Impact Exhibition Hall 8, Muang Thong Thani, can still You can visit the event in an online format, which is expected to promote various promotions. of each financial institution, including discounts, special interest rates, freebies, will continue until the end of the online event Or there may be other special conditions added for the sales force during the final curve of the event, it is possible.
