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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The Standard and Sansiri unveil branded luxury residences in Hua Hin
The Standard, in partnership with the Thai luxury property developer Sansiri, has launched The Standard Residences, Hua Hin, a 4.5-billion-baht beachfront residential development that marks the hospitality brand’s first…
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Russian woman arrested in Phuket over 2,379 day visa overstay
A Russian woman was arrested at a condominium in Patong, Phuket, after overstaying her visa by 2,379 days, or more than six years. Immigration officers launched the operation after receiving information that a Russian…
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Police seize luxury bags, jewellery from condos linked to actress Panadda
Police have searched two Bangkok condominiums owned by accused charity fraudster and actress Panadda “Boom” Wongphudee, finding designer-handbags and jewellery items valued at tens of millions of baht.
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.