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CIMB THAI conducts properties auction with following terms and conditions:

  1. Auction
    • Closed bid. The buyer can ask for auction from NPA Management, CIMB THAI Head Office 44 Langsuan Road Lumpini Patumwan Bangkok 10330.
    • Bidding to be tendered in sealed envelope with crossed signature on the back of the envelope within the given time.
  2. Viewing of properties
    • The buyer can see properties before the date of auction by informing the NPA Management at least 1 working day at Tel.0-2638-8490.
  3. Time and date of auction
    • Auction held on every 15 and 30 date of the month or specifically announced by the bank. Bidding envelope accepted from 9.30 am. until 3.30 pm. NPA Management CIMB THAI Head Office 44 Langsuan Road Lumpini Patumwan Bangkok 10330.
  4. Auction documents and guarantee
    • Cashier's cheque worth at least 5% of the starting auction price per item and not less than 20,000 baht or specifically announced by the bank, paid to CIMB Thai Pcl. The cashier's cheque will be returned if bidding is not successful.
    • Auction form (issued by the bank)
    • Person : copy of identity card and copy of house registration or passport (in case of foreigner) of auction participant with proper endorsement.
    • Juristic person : copy of identity card and copy of house registration of authorized personnel with proper endorsement with copy of certificate from the Commerce Ministry made within 3 months with signature from authorized company personnel for endorsement.
  5. Person not eligible for auction
    • Director, advisor and personnel of the CIMB Thai
  6. Opening of bidding envelop
    • Within 7 working days after bid submission due date by CIMB Thai's auction committee
  7. The buyer to pay ownership transfer fee and duty