Auction expected to raise B400m

PHUKET TOWN: An auction of more than 100 Phuket properties on December 7 is expected to raise total bids of more than 400 million baht. The properties, forfeited to the Bangkok Bank because of non-payment of debts, include small hotels in Chalong and Phuket Town. The Legal Execution Department will run the auction, with the Bangkok Bank offering special credit arrangements to first-time house buyers. The auction will run from 9 am to 5 pm at the Phuket Merlin Hotel in Phuket Town. Further auctions are expected to be held January 11 and February 8. For more information, contact any branch of the Bangkok Bank in Phuket, or telephone the Phuket Town branch on 076-216256 or the Thepkrasattree Rd branch on 076-216725.