Thai property, for foreigners: what the brochure doesn’t say
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The brochure said: Guaranteed 8% a year.What happened: Payments stopped. The guarantor is now in bankruptcy.
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The brochure said: Buy-back at 105%, in writing.What happened: Postponed three times. Both buy-back cheques bounced.
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The brochure said: Run by a global hotel brand.What happened: The brand licensed its name. It says it was never a party to the deal.
RealSiam is a free, independent project started by foreign investors who lost money in a Phuket hotel scheme. We document what went wrong, explain your rights in plain English, follow the news every morning and put people in trouble in touch with licensed Thai lawyers.
Where are you now?
- Thinking of buyingWhat foreigners can own, how to check the developer, the land and the permits, and which money terms to refuse.
- Listening to a sales pitchFourteen promises that should make you stop and check, from guaranteed yields to “the quota is full, but…”.
- Payments have stoppedWhat to do in the first weeks, which deadlines start running, and where foreigners can complain.
- The developer is in courtBankruptcy and rehabilitation in Thailand, explained for foreign creditors: deadlines, claims, votes.
Thai property news
Checked every morning. We keep the stories that matter to foreign buyers and investors, and link to the original.
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Costa del Sol criminal network scams prospective long-term tenants by showing tourist rental flats
The network's ringleader, currently under invesitgation, allegedly operated from Thailand
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Rotten bread at Bangkok condo leads police to 2 million baht cocaine operation
The discovery of loads of rotten bread at a condominium in the Hua Mak area of Bangkok led to the discovery of a drug trafficking operation, the arrest of three suspects, and the seizure of drugs worth over 2 million…
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Woman, 49, found dead at Thalang housing development
PHUKET: A 49-year-old Thai woman was found dead at a housing development in Thepkrasattri, Thalang, on Friday afternoon (Nov 6), police have reported.
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Russian investor alleges 16m-baht land fraud as Phuket demolition starts on November 8
Russian investor Andrei wants a fair inquiry and help recovering money after his nearly finished villa at Phuket’s Freedom Beach was marked for demolition.
Tell us what happened
Write to us in your own words. We reply by email and, if you want, put you in touch with a licensed Thai lawyer who has handled cases like yours, or with other buyers in the same project. It costs nothing, and we never pass on your details without asking you first.