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Phuket Airpark Future Remains Uncertain

Category: Real estate, Posted:10 Dec 2011 | 06:00 am

Documented legal proceedings in the Thai media between the developer of the Phuket Airpark and an investor has cast a shroud of uncertainty over the residential-led project.
In what had been a unique property inspired product, an airpark for private planes on the island's east coast and house plots has encountered financial and now what appears to be larger issues.
With the apparent inability of the developer to fund the project to completion, plots sold to investors and new litigation, there is no telling what lays in the future for the Phuket Airpark.
In the meantime anxious Bangkok listed property developers and scouring the middle of the island and inner areas of the east coast for large land parcels in order to bank for future domestic residential projects.

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