TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Phuket Mystery Island -Ultra Villa or Casino?

Category: Real estate, Posted:06 Aug 2012 | 06:00 am

Last week's media frenzy of the raid by the government of a building site on Rang Noi Island off of Phuket's East Coast looks to be a story in the making.
There remains much conjecture whether the construction is for a private ultra villa or an alleged illegal casino.
At the forefront of the American John Baldwin and his Bridge Capital investment firm. Baldwin is well known for purportedly acquiring ownership interests in significant beachfront property in both Phuket and Phang Nga over a long period of time.
At the same time Bridge is an investor in a casino project in nearby Laos. This has led to the assumption that the firm or individuals could be involved in what has been tagged as a possible casino operation off the coast of the island.
Investigating the project is the Natural Resources and Environmental Crime Suppression Division of the Thai government.
This story looks to drag out but given other recent public disputes at Freedom Beach, Barama Bay (Jumeirah Private Island) and Istana, luxury real estate land sites are increasingly coming under the scrutiny of both the private and public sector.
For foreign investors, land ownership remains a gray area and the current government of Yingluck Shinawatra has done little to reform either longer term leases or offer any type of mechanism to counter the volatile nominee system in place.
Perhaps it can best be summed up at the moment as "damned if you do, damned if you don't."

Other News

Read more

Dusit Ties Up With Layan Verde Phuket Branded Residences

Category: Hotels|Real estate, Posted:26 May 2024 | 16:53 pm Thai hospitality group Dusit International has signed a deal with VillaCarte Group for their upcoming Layan Verde project in Bangtao Phuket. The agreement covers 633 units under two brands – Dusit Residences and a Dusit Collection Hotel. An opening is planned in 2027 with a key highlight being an EDGE environmental certificate. VillaCarte Group has […]
Read more

Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
Read more

The C9 Sessions – Understanding Thailand’s Hotel License Regime and Procedures for Branded Residences, Condo Hotels, Mixed Use Projects and Vacation Rentals

Category: Hotels|Real estate, Posted:13 May 2024 | 16:39 pm Branded residences, condo hotels, mixed-use projects, and vacation home rentals are becoming a significant player in Thailand’s hospitality space. As property developers, real estate investors, and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute co-working lunch learning session about all the moving parts in […]
SiaJai logo

Thailand's Leading Homecare Marketplace