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

Vietnam Tourism Voices  – The Tiger Roars Back

Category: Tourism, Posted:24 Sep 2021 | 13:40 pm Next Tuesday join C9 Hotelworks and Delivering Asia Communications for an in-depth look at Vietnam’s return of the international marketplace. Vietnam’s tourism and hotel market is focused an upcoming ‘Sandbox-style’ reopening for international travel. With the Vietnamese resort island of Phu Quoc taking center stage in a proof of concept, the hospitality industry in this […]
Read more

Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
Read more

After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]