More than 50 condos, townhouses, villas and land parcels will be up for auction when a local duo launches the Pattaya Property Auctions at the Holiday Inn Pattaya June 16.
Local auctioneer John Collingbourne and media man Paul Strachan announced their new real estate marketing company May 14. They said the intent is to create another marketing channel for property developers, assisting them to clear out slow-selling stock.
Strachan said there are more than 30,000 properties on the market in Pattaya and that buyers are “somewhat spoiled for choice.” Partners include Matrix Development, Global Top Group and Powerhouse Development and the Nova Group.
Paul Strachan (right) informs the press as to why Pattaya Property Auctions has been set up.
Available in June’s first auction will be properties at Nova Ocean View, The Cliff, Art on the Hill, The View, Sunset Boulevard 2, City Garden Pattaya and Paradise Ocean View. All units are either completed or in the final stages of completion.
Strachan and Collingbourne state they have worked with developers to guarantee the very best price so that potential buyers can be assured of a genuine bargain.
Seasoned auctioneer John Collingbourne speaks about how the property auction will be run.
A pdf catalog of available properties will be available at pattayapropertyauctions .com after May 25, detailing unit size, location and developer. Potential buyers will also be able to arrange a viewing prior to the auction.
Strachan noted that the auction is private and registration requires a deposit of 50,000 baht, which will be refunded if no purchase is made. Winning bidders will see their deposit applied toward the parcels they purchase.
Lorenzo Joaquin from Global Top Group talks about why his company is entering units in the upcoming auction.
Paul Strachan (left) and John Collingbourne (right) are joined by Paul Sutton (2nd left) from Powerhouse Development, May Watson (center) from Matrix and Lorenzo Joaquin (2nd right) from Global Top Group.
