BAM has launched the "Sap Mahachon" project, allowing the public to pay for non-performing assets, or NPAs, directly to BAM in installments. The assets include detached houses, townhouses, condominium units, shophouses, and land in locations across the country. More than 21,000 assets are currently participating, covering the needs of buyers from a wide range of occupations. Dr. Raks Varakitphokathorn, Chief Executive Officer of Bangkok Commercial Asset Management Public Company Limited, or BAM, said that the problem of access to credit is one of the key issues in today's real estate market. Although genuine housing demand, or real demand, still exists, purchasing power has weakened because of economic conditions, income uncertainty, the burden of living costs, and stricter credit screening by financial institutions, causing many people to postpone their decision to buy a home, especially in the housing market priced at around 2 to 5 million baht. Dr. Raks said that overall the real estate market still has a large amount of supply, while purchasing power and access to credit remain limited. The solution, therefore, should not focus only on creating new supply, but should bring existing assets back into management, improve them, and pass them on to those who genuinely need to use them at appropriate prices.
Bangkok Commercial Asset Management Public Company LimitedBAM launches the Sap Mahachon project, offering over 21,000 NPA properties for installment purchase, directly driving demand for its assets.
