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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Dubai developer plans THB160bn Bangkok mixed-use landmark
United Arab Emirates investor Mohamed Alabbar has proposed a THB160bn Bangkok mixed-use project. Chit Lom is unconfirmed as the site, and a record-breaking tower is possible.
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Russian buyers rank second by value in Thailand’s foreign condo market
Russian and Indian demand grows as Chinese buying weakens, while the value of condominium transfers to foreigners rises in Chon Buri and Phuket.
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Thai police trace Chinese crypto fraud suspects to luxury Rama IX condo
BANGKOK: Thai immigration police have detained two Chinese nationals wanted by authorities in China over an alleged cryptocurrency investment Ponzi scheme involving losses of more than THB3.2 billion.
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Thai police trace Chinese crypto fraud suspects to Rama IX condo
Thai immigration officers detained two Chinese nationals wanted over an alleged THB3.2 billion cryptocurrency Ponzi scheme after tracing them to a Bangkok condominium.
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.