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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Chinese gambling website suspect arrested at Bangkok convenience store
Thai immigration police arrested a Chinese man wanted in China over an online football gambling operation at a convenience store in Bangkok on November 12, following five days of surveillance at his luxury condominium.…
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Burj Khalifa developer plans US$5 billion Bangkok project, eyes world’s tallest tower
The developer behind Dubai’s Burj Khalifa revealed plans for a potential US$5 billion (approximately 160–170 billion baht) mixed-use development in Bangkok, including a landmark tower that could become the world’s…
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.