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.
-
Malaga housing scam swindles pregnant woman out of €3,500 in holiday flat rental fraud
National Police dismantle an international criminal network operating out of Thailand after fraudsters rented Malaga holiday flats to scam prospective long-term tenants o
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.