The benefits of an online auction for Property Developers
Developers now have a direct and clear pathway to reduce inventory.
It’s common knowledge that many developers are building lots of condos in every corner of Thailand, and that oversupply is more the rule than the exception. The time and cost of supporting sales staff, offices, websites, advertising can often run over budget, and the ability to find a quick way to reduce inventory might become attractive. Let’s call it a new tool in the toolbox.
Auction.co.th offers a one-stop solution to gaining industry attention for both individual condos and a bulk sale of units and other assets.
And what catches their attention the most? No fees or commission. They need to set a Reserve Price that will attract as much interest and urgency as possible.
Not only will developers benefit by not have to support sales staff, a sales office, or a showroom, but it can be treated as a preferred partner and receive a commission of 3% on each sale. For details on this, please call our staff at 0926 820 888. Please note that there will be two weeks, just before the auction, where access for viewings will be necessary for potential buyers to make inspections.
It is perfect for large-scale, theme-oriented or boutique projects that did not meet targets before closing down their sales operations, including their websites and advertising. Additionally, units comprised by poor views, or even projects forced to take some risk as to marginal locations can now benefit by listing with auction.co.th
Register as a Property Developer
Just a few minutes of your time is an incredible investment
Use the request registration form below and one of our team will be in contact with you directly to arrange a meeting to discuss how you can benefit from using our platform.
We also offer third-party independent property valuations, that have benefits for buyers and sellers. Read more on our property valuation page.
Pick An Auction Date
The live online auction is on the first Wednesday of the month, starting at 11 am Thai time. However, a potential buyer can make an offer at any time from when your property is listed.
Once a successful bid is placed, completion of the purchase takes place in accordance with the terms of the special conditions of sale supplied with each lot legal pack.
Send us a message
The team look forward to hearing from you. We want to hear your questions, ideas, and suggestions to make a great service even better.