Local auctioneer John Collingbourne and media man Paul Strachan have teamed up to introduce a new business model for buying and selling real estate in Pattaya. The duo’s newly formed Pattaya Property Auctions aims to bolster public interest in the industry and also create another marketing channel for property developers, assisting them to clear out slow-selling stock.
The company’s first auction will be held at the Holiday Inn Pattaya on Sunday, June 16 and will see standout properties from Nova Ocean View, The Cliff, Art on the Hill, The View, Sunset Boulevard 2, City Garden Pattaya and Paradise Ocean View, amongst many others, all go under the auctioneer’s hammer.
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.
“Pattaya Property Auctions fills a much needed niche in the city, where there are over 30,000 units to choose from if you have a couple of million baht to spend,” says business partner Paul Strachan.
“What makes Pattaya Property Auctions different is that we are only looking to feature properties that are completed or are in the final stages of completion,” he continued, “This gives potential buyers a great deal of confidence as they can view the property prior to making a commitment.”
Holiday Inn Pattaya will be the venue for the inaugural PPA property auction on Sunday, June 16.
Pattaya Property Auctions has been set up in such a way that the pricing structure gives enough leeway for owners and developers of the properties to put them up for auction at a price that they feel truly reflects the dynamics of the current market place, and allows them to offer sizable discounts so that the projects as a whole can move on. The follow on from this is that it enables those attending the auctions to realize genuine savings, in a city where prices always seem to be on the rise.
All properties in the upcoming auction are listed within the Pattaya Property Auctions website. Registering on the website enables potential buyers to view the current properties for the next auction with the catalog detailing the various unit sizes, locations and developers. Private viewings can also be arranged prior to each auction. A refundable deposit of 50,000 baht is required to attend the auctions. Winning bidders will see their deposit applied toward the properties they purchase.
A wide choice of town houses, land and condos are set to go under the hammer.
The first auction this month is scheduled to include a choice of town houses, land and condos from private individuals and from four of the major developers in town, namely The Nova Group, Matrix, Powerhouse Development and Global Top Group.
For more information, go to www.pattayapropertyauctions.com.