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Hong Kong Consumer Agency Warns On Thai Property Sales

Category: Real estate, Posted:18 Oct 2009 | 09:18 am

Hong Kong's Consumer Council is receiving an increased number of complaints about Thai property transactions including Phuket. According to the SCMP a recent case concerned a villa purchaser who purchased a unit which included a guaranteed return of 12% for 8 years and usage of one month. The property failed to complete despite claims by the developer of bad weather and title problems.
Currently the existing ordinance does not mandate that agents who sell overseas property have an estate agents license. This policy is now under review and amendments look to be on the horizon. The Hong Kong Estate Agents Ordinance as written has rigorous requirements and clearly would see greater enforcement if this would now cover these types of transactions. The complaints this year have all been from villa buyers through the same agent.

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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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