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Property Gripes Top Consumer Angst

Category: Real estate, Posted:19 Aug 2010 | 06:00 am

The recent public announcement by Thailand's Office of Consumer Protection Board has the property sector running at top of the pops for buyers woes.
Close to 50% of the overall complaints failed fell into the real estate basket. Most of these concerned suspended projects or those failing to materialize, false advertising, breaches in facilities or anticipated infrastructure.
In the majority of cases the regulatory body was able to mediate solutions between the two parties which means cases did not note have to go through the courts.
One failing in the system though is that foreign buyers who are not present in Thailand face an arduous task in filings and appearances using the system, hence the tables favor domestic purchasers

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]