The meter reading is done in first week of every month. Normally between 2nd to 5th of every month. Then the bill is send to each mail box between 10th to 12th. As soon as we get the bill, we need to pay immediately at 7-Eleven. They (at 7-Eleven) will accept the payment before the dead line only. Normally deadline is about 13th to 15th. So we have to make sure that bill is paid before that. If dead line is already pass, bill can be paid at Head Office of the Electricity department, located at Klong Toy area. This is not so easy for foreigner. Therefore it is very important to pay before deadline.
In case you have not yet paid at head office till beginning of next month, you will get a notice of power cutting. Then need to pay extra and will be more difficult to deal with.
Water bill is coming from the office of management, in first or second week of every month. This bill must be paid at management office only. Not an issue for paying one or two days later. But it will keep your records clean if you pay on time.
Internet/Wireless Internet Card
The wireless internet card can be purchased at management office and need to pay there too. If someone wants to have a broadband connection, there are two choices. One is TOT and other is TRUE.
TOT comes with fixed line and internet but TRUE can provide internet, not the fixed telephone line. The prices of both are almost same.
TRUE internet is only available at Phase 1 and Phase 2/1. In phase 2/2 not yet. Waiting for the management committee to make it final.
The Housing Finance Association expects non-performing asset (NPA) property sales to be the same as last year as commercial bank liquidity remains healthy, says president Kitti Patpongpibul.
In addition to strong liquidity, banks had high profits so they do not need to accelerate sales of their NPAs, he added. The association expects 2 billion baht in sales from next month’s NPA Grand Sale, the same amount as 2009.
As of April, NPAs for commercial banks declined slightly to 133 billion baht from 138 billion last year. Though sales were higher, new NPAs entered the system.
Non-performing loans at the end of March were 4.97%, a slight decline from the end of 2009, said Mr Kitti.
Chatchai Payuhanaveechai, the HFA’s secretary, said political problems and the European public-debt crisis had slowed domestic investment, ensuring ample liquidity.
He said a rise in interest rates was expected at the end of the third quarter or early in the fourth quarter as the inflation rate is now 3-4%.
A rise of one percentage point in the interest rate would result in a 7% higher average monthly home loan payment.
“We’re now in the beginning of a new cycle of increasing interest rates. For the next three years, there will be a total increase of 2-3%,” he said.
He said the housing market this year would grow by between 5% and 8.5% with sales of 74,500 to 76,500 units, while housing loans would expand by 10-12% as buyers took advantage of property tax incentives that expire this week.
This year the association plans to hold the NPA Grand Sale from July 9-11. Offers available will include discounts of up to 60%, interest at the minimum retail rate minus 3%, or 2.5% and a waiver of the transfer fee.
LAEM CHABANG : Changchun Railway Vehicles Co (CRC), China’s largest train manufacturer, is in talks with Bangkok Mass Transit System (BTSC) about joining with the BTS Skytrain operator to develop projects outside Thailand.
BTS is highly competitive and offers strong technological capability, says CRC chairman Dong XiaofengCRC chairman Dong Xiaofeng said the company had seen an opportunity for jointly developing international projects with BTSC in countries such as Burma, Vietnam, Malaysia and Laos. Continue reading Chinese train firm considers BTS link →
Economic booms and property bubbles normally go hand in hand, and so with growth accelerating around Asia, we are already seeing the beginnings of some property booms around the region. Back in April, the International Monetary Fund’s (IMF) Global Financial Stability Report warned that residential property markets in many Asian countries were in danger of overheating – notably the markets of Hong Kong, China, Singapore, South Korea, New Zealand and Australia – with prices now above pre-2008 levels.
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