Property Purchase Process

In the event that the Company approves the sale of the property at the price proposed by the buyer, and the buyer subsequently fails to comply with the stipulated conditions, the Company reserves the right to forfeit the bid security, deposit, and any other payments already made by the buyer, as applicable.

The buyer shall bear all expenses related to the transfer of ownership and leasehold rights of the property, including VAT, stamp duty, transfer fees, and any other related costs. This also includes utility transfer fees (e.g., electricity and water). The buyer shall reimburse the Company for any deposits or security deposits previously paid by the Company to the relevant utility authorities.

1. The buyer shall enter into a Sale and Purchase Agreement within 15 days from the date of approval and pay a deposit of 30% of the approved selling price. If the buyer fails to enter into the Sale and Purchase Agreement within the specified period, the approval of the sale shall be cancelled.
2. For properties subject to a repurchase condition, the buyer shall enter into the agreement within 15 days from the date the original debtor loses the right to repurchase, or from the date the repurchase period expires.
3. The buyer shall pay the remaining 70% of the purchase price and complete the transfer of ownership within 45 days from the date of signing the Sale and Purchase Agreement.

Interested buyers may submit a purchase offer for approval in accordance with the Company’s disposal authority. A bid security deposit must be placed at the rate specified below and paid in the form of a cashier’s check or bill of exchange payable to Bangkok Commercial Asset Management Public Company Limited.

1. The submission of a purchase offer shall not be binding on Bangkok Commercial Asset Management Public Company Limited (BAM) unless and until it has been approved by the authorized person(s) in accordance with the Company’s regulations and/or at BAM’s sole discretion.
2. In the event that more than one buyer submits an offer for the property at approximately the same time and at similar prices, BAM reserves the right to consider the offer with the most favorable conditions, including the proposed purchase price and/or payment terms. Priority will be given to the buyer who submits a written expression of interest to purchase the property to BAM first. Subsequent offers will then be considered in order. Alternatively, BAM may conduct a bid submission process in accordance with its rules and procedures, as deemed appropriate at BAM’s discretion.
3. For property prices, figures shown in blue represent the listed selling price, which may be subject to negotiation. Any negotiated price must be submitted for approval by the relevant committee, subject to BAM’s discretion. Figures shown in red represent a special price. If a buyer agrees to purchase the property at the special price, the transaction may proceed immediately without requiring committee approval.