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Lux Property Fund Defaults Guaranteed Returns

Category: Hotels, Posted:12 Feb 2012 | 06:00 am

The SET (Stock Exchange of Thailand) listed LUXF property fund which owns the upscale Six Senses Hidewaya Yao Noi Resort has again defaulted on the payment of minimum returns according to public notices filed.
TMB Asset Management who is the fund manager continues to attempt to work through a situation with unit holders who have various concerns on the work out of the investment.
Within the industry there is widespread speculation that a possible takeover or unit purchase by an outside party is in the works.
The situation remains one which is closely watched by financial analysts and the press.

Other News

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The New Nomads – A Special Event

Category: Real estate, Posted:17 Sep 2020 | 10:34 am Join C9 Hotelworks and Delivering Asia Communications in an event featuring enterprising conversations on Coliving, Coworking & Startups. The live virtual one-hour session will be held on Wednesday 30 September, 3:00 pm Bangkok Time | 4:00 pm Singapore/Bali/ You can register for free at the following link- Register All buzzed up and nowhere to go? […]
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Thai Cabinet Approves Special Tourist Visa Program

Category: Tourism, Posted:16 Sep 2020 | 16:59 pm Thailand’s Cabinet has agreed in principal for up to 1,200 overseas visitors per month can be granted access under a Special Tourist Visa (STV) program. Under a ninety day term,  extensions will be allowed for an total visit of nine months (270 days). Entry will still be subject to 14 day Alternative Local State Quarantine […]
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Two Koh Chang Projects Lead Aquarius Launch

Category: Real estate, Posted:16 Sep 2020 | 09:35 am Two luxury lifestyle projects in Thailand’s Koh Chang are set to lead Aquarius International Development’s (AQI) USD250 million Southeast Asia investment strategy. These are headed by the recently launched Aquarius Residences & Resort in Koh Chang which includes a luxury 99-unit condominium and 23 pool villas. A second development is the AQ Privilege Beach Club […]