TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Lersuang Group Back In Black

Category: Real estate, Posted:25 Jul 2010 | 07:48 am

For astute readers of the Phuket Gazette a number have picked up a public notice published that Director's Errol Salih and Selwyn Casey are no longer associated with Club Lersuang Co., Ltd..
For island property the Lersuang debacle continues to create angst amongst purchasers of the Turtle Cove, Infinity Heights and Lersuang Village projects. Tamarind Hills is under rehabilitation attempts by Sepco Asia. In the meantime there remain few answers for investors in the other three properties except quotes in the press that the global financial downturn led to the demise of the group.
Recently journalist Andrew Drummond who runs a news site wrote about the associated collapse of the Hua Hin Country Club project in which English football star Joe Cole was reportedly an investor in. The story makes an interesting read and can be viewed at <link>http://www.andrew-drummond.com/2010/07/20/3260/*Hua Hin Country Club Story</link>
While for the most part the Phuket real estate industry has seen few defaults even during the voliatile political and enonomic times of late, this episode continues to cast a dark shadow over the sector. For the moment the most unfortunatle victims in this story were the purchasers who have not received either the product purchased or compensation for money put down.

Other News

Read more

UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
Read more

Noku Hotels Open Fourth Hotel, This Time It’s Phuket

Category: Hotels, Posted:10 Sep 2022 | 21:07 pm Boutique hotel group Noku has opened its fourth property, with Phuket as its latest destination. The Noku Phuket features 91 villas and lofts, overlooking Chalong Bay. Its sustainable design has earned it a Green Mark Gold Award. The group also operates properties in Maldives, Kyoto, and Osaka. Noku Hotels was founded by  Chris Teo of […]
Read more

Radisson Re-Enters Phuket Hotel Market

Category: Hotels|Real estate, Posted:10 Sep 2022 | 13:49 pm Global brand Radisson has returned to Phuket with a 179-key property in Kamala, owned by the Destination Group. The Radisson Resort and Suites Phuket is a conversion of the former Swissotel, which had been managed by ACCOR. It is an all-suite property with one, two and three bedroom units. Nearby the hotel, the large-scale tourism […]
SiaJai logo

Thailand's Leading Homecare Marketplace