Do you have houses for rent in Korat?

Yes, we have various types of rental properties in Phuket including single houses, townhouses, and condominiums.

What are property prices like in Korat?

Property prices in Phuket vary depending on location, size, and condition, ranging from hundreds of thousands to several million baht.

Do you buy properties as-is?

Yes, we buy properties in any condition with fair valuation and quick processing.

Unlocking the Secrets of "NPA Properties": The Prime Location Treasure Investors and Homebuyers Shouldn't Miss

In an era where real estate prices and new housing developments are constantly on the rise, many might think that owning a home in a prime location is out of reach. However, there is actually a hidden "treasure trove" in the real estate market that offers both homebuyers and investors the opportunity to acquire high-potential properties at affordable prices. These are known as "NPA Properties." This article will uncover the secrets of what NPA properties are and why they have become a key target that real estate insiders refuse to miss.

What are NPA Properties?

NPA (Non-Performing Asset), commonly referred to as "foreclosed properties" or "bank-owned properties," are real estate assets that have become the property of financial institutions or asset management companies. This can result from legal proceedings, mortgage defaults, or auctions. These assets range from single-family homes, townhomes, and condominiums to commercial buildings and vacant land.

When these assets return to the market, financial institutions often sell them or hold property auctions at attractive prices to quickly liquidate the assets and turn them into cash flow.

4 Reasons Why "NPA Properties" Are Prime Location Treasures

1. Excellent Value, Below Market Value The most significant advantage of NPA properties is the "price," which is typically 10-30% below the average market price of regular second-hand homes in the same location. This allows buyers to save hundreds of thousands to millions of baht. This price difference can easily be reallocated as a budget for home renovation and redecorating.

2. Prime Locations Unavailable in New Developments (Localized Opportunities) Today's new housing projects tend to expand into the suburbs, but most NPA properties are located in established neighborhoods with high local demand, close to markets, schools, or workplaces. Purchasing bank-owned properties is therefore a shortcut strategy to penetrate specific localized areas that truly answer everyday lifestyle needs.

3. Golden Opportunity for Investors (High Yield & Flipping) For investors, NPA properties are excellent raw materials for generating profit, including:

Capital Gain: Buying to renovate and resell (Flipping), which can yield high added profit margins due to the low initial cost.
Rental Yield: Buying for long-term rental in densely populated residential areas can generate a consistent stream of passive income.

4. Wide Variety and Ready for Auction The NPA market offers properties of all types and at all price points. Furthermore, financial institutions frequently feature outstanding properties in special campaigns or continuously host "property auctions." Those who thoroughly study their competitors at the auction and have a solid bidding strategy will have a greater chance of winning properties at prices that yield immediate profit.

Tips Before Buying or Bidding on NPA Properties

Despite the many benefits, purchasing NPA properties requires careful homework:

Always visit the actual site: Do not base your decision solely on photos. You must inspect the actual environment, the house's structure, and ensure there are no leftover occupants.
Set a comprehensive budget: Calculate all costs, including the property price, transfer fees, taxes, and most importantly, the "renovation budget."
Prepare before entering the field: If the property is up for competitive auction, study the regulations, prepare your documents and deposit, and set a clear Maximum Bid in your mind to maintain your target profit margin.

Conclusion

NPA properties are more than just foreclosed assets; they are opportunities and treasures for those who see their potential. Whether you are a homebuyer looking for a great location on a limited budget, or an investor seeking assets to maximize profits, studying bank-owned property data and preparing to participate in real estate auctions is a crucial step that will help you find the best possible deals.

References

Sukhumvit Asset Management Co., Ltd. (SAM). (2025). SAM Opens NPA Property Auctions for Investment and Living: Great Prices, Prime Locations. Retrieved February 24, 2026, from https://www.sam.or.th
Real Estate Information Center (REIC). (2023). Banks Clear 160 Billion Baht NPA Stock, Offering Massive Discounts on Second-Hand Properties Nationwide. Retrieved February 24, 2026, from https://www.reic.or.th/News/RealEstate/467990
Real Estate Information Center (REIC). (2025). BAM Builds Trillion-Baht Portfolio, Plans to Accelerate Asset Circulation. Retrieved February 24, 2026, from https://www.reic.or.th/News/RealEstate/469952