Siam Real Estate - Investing in Thailand - Financed Property

PR Log (Press Release) – Dec 10, 2008 – The Thai banks are beginning to relax controls on lending money to foreigners as long as it is through a new project where the developer provides security to the bank in the way of land title and is then able to offer the buyer usually a mortgage of up to 50% of the purchase price on attractive terms.

Siam Real Estate now has some 25 new off plan projects with such offers which can be viewed on there website: http://www.siamrealestate.com/seller-financed.

UOB bank based out of Singapore is offering private mortgages to foreigners buying condominiums in Thailand, Siam Real Estate offer more information on there website here: http://www.siamrealestate.com/financing-for-foreigners.php

Siam Real Estate have selected some of there recommend projects offering finance:

Luxury condominium project in Patong will be using UOB bank for customers requiring finance, UOB bank will loan up to 70% of the sale price or maximum $600,000 USD interest 6.5% per annum: http://www.siamrealestate.com/detail/by/refcode/CSSVD2120, prices from THB 23,000,000 to THB 40,000,000.

Bang Tao luxury serviced apartments is offering 50% finance over 5 years paid quarterly over 5 years, using Thai bank Thanachart: http://www.siamrealestate.com/detail/by/refcode/CSILD2083, prices from THB 4,590,000 to THB 12,635,000.

Luxury modern Thai style 3 & 4 bed villas in Bang Tao, the developer is offering finance of up to 10 years at 6% interest per annum: http://www.siamrealestate.com/detail/by/refcode/HSILD996 , prices from THB 34,839,000 to THB 44,000,000.

See Siam Real Estate Financed Properties here: http://www.siamrealestate.com/tiny/redirect/879RGY/