TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Guaranteed Return Debacle Gains International Attention

Category: Real estate, Posted:12 Oct 2012 | 06:00 am

A dispute between property buyers and the developer over unpaid rental revenue at the Nexus Residence in Kota Kinabalu is gaining overseas media attention.
The program which offered 7% returns by means of a lease-back arrangement for five years now has over 100 owners clamoring over alleged delayed payments which are a year overdue.
An owners group called Nexus Property Owners Association has been formed in Hong Kong. Clouding the issue on mass legal action is that the developer currently has liens on the property by banks, hence the owners group hasto now fall into a line of creditor.

As Asia'a property market continues to soar, and guaranteed returns continue to be flouted, buyers should be aware of the adage -"if the offer appears too good to
true, it most likely is".

Other News

Read more

C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
Read more

Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
Read more

Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
SiaJai logo

Thailand's Leading Homecare Marketplace