FRIDAY, March 29, 2024
nationthailand

Govt Housing Bank auctioning off 5,500 properties

Govt Housing Bank auctioning off 5,500 properties

The Government Housing Bank (GHB) will tomorrow (August 22) auction off more than 5,500 pre-owned houses, flats and vacant land plots.

Out of the total, 550 are located in Bangkok or its vicinity.

Bidders can register from 8am while the auction will begin at 10am. The auction of property located in Bangkok and Greater Bangkok will take place at GHB headquarters on Rama IV Road, while property in the provinces will be auctioned off at its nationwide branches.

The bank's president Chatchai Sirilai said the auction was part of its mission to help Thais own their own homes.

The auction is part of the bank’s move to sell off at least Bt4 billion in non-performing assets (NPA) this year.

It sold off NPA worth Bt956.77 million in the first six months and then Bt1.241 billion in July alone.

Chatchai added that if there is no second wave of Covid-19 in the second half of the year, the bank has a chance of nearly meeting its 2020 NPA sale target.

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