BAM PROPERTY AUCTION
A Premier Real Estate Investment Opportunity
1. Schedule and Venue
- Online Registration: October 19 – November 8, 2026 (Registration closes at 5:00 PM). Please specify the property item you intend to bid on.
- Walk-in Registration: November 10, 2026, from 1:30 PM to 2:45 PM at The Ritz-Carlton, Bangkok (One Bangkok), Ballroom, 4th Floor.
- Auction Catalog Collection: October 26 – November 9, 2026, during business hours, or download here.
- Auction Date & Location: Tuesday, November 10, 2026, at The Ritz-Carlton, Bangkok (One Bangkok), Ballroom, 4th Floor.
- Submission of Bid Envelopes: 1:30 PM – 2:45 PM
- Opening of Bids & Winner Announcement: From 3:00 PM onwards
2. Bidder Qualifications and Required Documentation
- Individual Bidders:
- Must be at least 20 years of age.
- Must hold Thai nationality.
- Certified true copy of National ID card or Passport, and House Registration certificate.
- Corporate Bidders:
- Must be a legal entity duly incorporated under Thai law, and not subject to bankruptcy proceedings or absolute receivership orders.
- Certificate of Incorporation issued within the last 3 months, including the company's objective clauses, confirming legal entitlement to hold real estate ownership.
- Certified true copy of National ID card or Passport, and House Registration certificate of the authorized director(s).
- Power of Attorney (In case of representation):
- Power of Attorney form duly executed with the prescribed revenue stamp affixed.
- Certified true copy of National ID card or Passport of the attorney-in-fact (authorized representative).
Note: Required qualification documents must be sealed in a separate envelope from the financial bid proposal envelope.
3. Bid Security
Bid security must be provided in the form of a Cashier’s Check or Bank Draft issued by a domestic commercial bank, crossed "or bearer", marked "A/C PAYEE ONLY", and made payable to "Bangkok Commercial Asset Management Public Company Limited".
- For Winning Bidders: The bid security will be credited toward the required 10% purchasing deposit.
- For Unsuccessful Bidders: The bid security will be returned immediately following the conclusion of the auction, without interest. Bidders are recommended to collect their security within 7 days.
4. Bidding Method and Evaluation Criteria
- Bidders may only submit bid envelopes for the property items for which they have pre-registered (1 envelope per property item). The offered price must meet or exceed the starting reserve price.
- Bid envelopes cannot be amended, modified, or withdrawn after the submission deadline.
- Bangkok Commercial Asset Management PCL (BAM) will submit the highest bid for final sales approval.
- In the event of a tied highest bid, a re-bidding round (Final Bid) will be conducted on the same day. The new offer must not be lower than the initial bid. If the bids remain tied, the bidder who submitted the Final Bid envelope first shall be declared the winner. If no Final Bid is submitted, the auction for that specific item shall be deemed unsuccessful.
5. Payment Terms and Ownership Transfer
- The approved winning bidder must pay a 10% deposit of the winning bid price and execute the Sales and Purchase Agreement within 15 days from the auction date.
- The remaining balance must be settled in full and ownership transferred within 30 days from the execution date of the Sales and Purchase Agreement.
- The buyer must provide BAM with written notice of the intended ownership transfer date at least 10 business days in advance.
- Any request to transfer or assign contractual rights must be submitted in writing for BAM’s review and approval at least 7 days prior to the ownership transfer deadline. Such requests shall not extend the stipulated deadlines for agreement execution, final payment, or ownership transfer.
6. Property Conditions and Disclaimers
Properties are offered and sold strictly on an "as-is, where-is" basis. Bidders are required to conduct their own due diligence regarding physical conditions, property specifications, and occupancy status prior to submitting a bid. The buyer shall assume full responsibility for managing any existing occupants and covering all associated expenses in accordance with the terms of sale.
Non-compliance with these conditions may result in the forfeiture of the bid security or deposit, alongside legal liability under the auction catalog and the Sales and Purchase Agreement.
7. Exclusive Privilege: "Transfer Fast, Receive Instantly"
Complimentary waiver of ownership transfer fees up to THB 900,000 when ownership transfer is completed within 30 days from the execution date of the Sales and Purchase Agreement. Any fee exceeding this threshold shall be borne by the buyer.
8. Registration Channels
Online registration is available at: https://forms.cloud.microsoft/r/iMygX62Wny
For further inquiries: Tel: +66 2 267 1900 ext. 2835, 2838 (During business hours)
*All details, terms, and conditions are subject to the official auction catalog, BAM announcements, and the final Sales and Purchase Agreement.*
