TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Phuket Real Estate Slammed By BBC

Category: Real estate, Posted:28 Sep 2015 | 06:00 am

Over the past few days I have been inundated by emails about a BBC news segment and subsequent magazine piece on "The Phuket Property Nightmare' by the BBC.
To read the BBC piece <link>http://www.bbc.com/news/magazine-34346620*CLICK</link>
Clearly the news has gone global and is inciting comments across many markets.
Jonathan Head who is the BBC journalist based in Bangkok is a longstanding and well regarded professional, though there is a debate on whether the piece in question is sensational or simply investigative.
From a non-partisan view the story has represented comments from both the aggrieved parties and local Thai government and legal sources so it remains well founded.
What is an issue is that there remains little recognition of the plights of foreign property buyers in Phuket and in reality all of Thailand. They are grouped under the status quo and remain unacknowledged in the wheels of consumer protection.
More worrisome is the reputation breach for Phuket real estate and the lack of a response by the local or national government.
As the focus continues to be on creating happiness in Thailand, the reality of public relations disasters like the BBC piece is they not proactively addressed and actioned.
Broadly speaking the island's property sector is populated by well-heeled developers from public companies like Laguna Hotels and Resorts, Charn Issara, Land and Houses, Sansiri, Pruska, Supalai and many more.
Though as everywhere in the world, there are those developments and transactions which run aground and threaten to under mind a larger marketplace.
What is needed here on the island is recognition by the provincial government of the importance of the sector and a vehicle to allow valid complaints from foreign nationals.
On an equal scale is a call out to the sector to create a method to address such widespread pr problems and mitigating broader damage. as they arise
Welcome to Phuket's latest nightmare.

Other News

Read more

Hua Hin Set To Grow International Airlift

Category: Tourism, Posted:12 Apr 2021 | 06:00 am One of Thailand’s best performing hotel sectors is Hua Hin. Well, let’s just say it is the best market over the past twelve months of the pandemic. The destination is now poised to look ahead post-Covid and is looking to increase overseas airlift once the country reopens. Aside from the current expansion of the gateway […]
Read more

Mass Phuket Hotel Vaccination Drive Underway

Category: Tourism, Posted:10 Apr 2021 | 17:14 pm Check out an insightful view of how Phuket’s tourism industry has come together and are pushing forward on a massive vaccination drive for hotels across the island. An inspiring story of how the island is working together. Over the past week more than 70,000 people, mostly staff of Phuket hotels have been vaccinated across the […]
Read more

Condo Hotels Trending In Bangkok’s Property Market

Category: Real estate, Posted:09 Apr 2021 | 09:44 am Bangkok’s hotel branded real estate has traditionally been focused on luxury offerings with brands such as St. Regis, Four Seasons, Ritz-Carlton, and more. While Thailand’s resort markets have and are seeing the most traction as the mid and upper-midscale branded residences, that trend is now going urban. In Bangkok Siamese Assets and Kew Green have […]