Thai property, for foreigners: what the brochure doesn’t say
-
The brochure said: Guaranteed 8% a year.What happened: Payments stopped. The guarantor is now in bankruptcy.
-
The brochure said: Buy-back at 105%, in writing.What happened: Postponed three times. Both buy-back cheques bounced.
-
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.
-
Phuket readies over 200 officials to restore free access to Freedom Beach after Nov 7 fraud arrest
More than 200 officials are preparing to clear structures at Phuket’s Freedom Beach as buyers report multimillion-baht losses in alleged land fraud.
-
Phuket Land Scam: Family Busted for 20M Baht Fraud
PHUKET – Thai police arrested a local influential figure and his immediate family members in Phuket for allegedly operating a massive land scam inside a protected national reserve. Investigators revealed that the…
-
Pattaya Scam Ring Busted in Massive 100M Baht Raid
PATTAYA – Police raided a condominium in central Pattaya and dismantled an active international fraud syndicate. Officers arrested eight suspects, including five Thai nationals and three Chinese citizens, during the…
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.