Bangkok Commercial Asset Management Public Company Limited, or BAM, has launched the "BAM Condos for Foreigners" project to expand its customer base to foreigners who reside, work, or plan to live long-term in Thailand. The company is developing non-performing assets, or NPA, consisting of condominiums in a variety of locations and price ranges, into housing options for this customer group under the concept "Your New Chapter Begins in Thailand. Find condos that fit your lifestyle." Dr. Raks Vorakitpokatorn, Chief Executive Officer of BAM, said Thailand remains one of the destinations that draws foreign interest in terms of work, lifestyle, and long-term residence, so the company sees an opportunity to connect its existing assets with the needs of this customer group, bringing the assets back to life and creating value once again. Customers can choose to buy condominiums with cash or apply for loans through partner financial institutions if they meet the specified criteria. Loan approval, credit limits, interest rates, repayment periods, and other conditions depend on the consideration of each financial institution. This launch reflects BAM's approach of upgrading its management of NPA assets from a focus on simply selling assets to creating market opportunities by reaching new customer groups, especially foreigners, which will help add channels for bringing potential assets back into the economic system and create benefits and added value for the assets once again. Those interested can find more details at www.bam.co.th
Bangkok Commercial Asset Management Public Company LimitedBAM launches 'BAM Condos for Foreigners' to reach new foreign buyer group for its NPA condominiums, expanding end-customer demand for its assets.
