Anyone Want To Buy A Bangkok Apartment Block For 200 Million Baht?

Taken from the Nation recently... seems likeKiatnakin Bank is putting Vimalin Mansions on Soi Ruamrudee near Wireless Road on the block on June 18. The starting price is Bt200 million.

The building is on a one rai and 59 square wah (1,836 square metre) site and consists of 24 serviced apartments.

"This is an outstanding set of assets being put up for tender for the first time this year by Kiatnakin Bank," president Tawatchai Sudtikitpisan said yesterday.

The bank invited sealed bids via mail and has received a good response because of the property's "great location" and its potential for expansion or redevelopment, he said.

Interested parties are required to make a minimum deposit of Bt2 million. The winner will be announced on auction day. The value of the bank's non-performing assets for sale at the end of March was about Bt8 billion.