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16
Do Phuket condos actually go up in price over the years?
IMO buying condos in Pattaya (only market I am familiar with) is a bad investment. Doesn't mean it is a bad idea. You will probably get your investment back or close to it if you select a nicer unit in a nicer project. And you have a place to live in for a lot less than renting. But buying as an investment isn't a great idea IMO. My history I bought one in the center of Pattaya in a brand new building. Perfect location between Beach Road and Second Road 300 meters to the beach. The building was well maintained and ongoing costs properly covered as we had ALL farang owners. You might wonder how it is because the majority of the building was owned by one man operating as a hotel. The upper floors were all farang owners. When I decided to sell I did not make a profit. Doing some math with exchange rate changes I think I was about break even. But had free rent and a place to keep my stuff when back in the states. So it was a win for me. -
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Crime Loan Shark Arrested After Charging Brutal Interest on ฿3,000 Loan
Picture courtesy of Khaosod. A notorious loan shark in Buriram province has been arrested after charging exorbitant interest on a small ฿3,000 loan, which ballooned into over ฿59,000 in repayments over a seven-month period. The lender also allegedly subjected the borrower to ongoing threats and harassment at her home and workplace. On July 2, district chief Mr. Chokchai Sawangrat instructed local officials to investigate after a 44-year-old assistant village headwoman filed a complaint with the Damrongtham Centre in Nang Rong District. She provided proof of bank transfers, chat messages and audio clips, seeking assistance in negotiating with the loan provider who had allegedly threatened to expose her on social media if she missed payments. According to the victim, she first borrowed ฿3,000 on November 13, 2024, to cover food expenses for her school lunch business. The lender, a 34-year-old woman identified only as “Ms. B”, advertised loan services via Facebook. The loan came with an upfront interest deduction of 30%, meaning the borrower received only ฿2,100. In addition, she was forced to repay 30% interest every week, with increased penalties of up to ฿1,200 per week if payments were late. Over the course of seven months, she repaid a total of ฿59,010, nearly 20 times the original loan amount of ฿3,000. Despite this, Ms. B allegedly continued to harass her, demanding a further ฿18,000 in what she claimed were accrued late fees and compound interest. The victim reported that Ms. B had also made threats, claiming ties to local police and government officials and insisted that no one could stop her. Fearing for her safety and unsure of how to escape the situation, the assistant village headwoman turned to authorities for help. Following a review of the evidence, authorities confirmed that the lender had violated lending laws by charging interest well above the legal limit. Officials set up a sting operation and apprehended Ms. B as she attempted to collect money from the victim outside a local bank. During the arrest, Ms. B reacted aggressively, shouting at both the victim and officials. She was taken to the district office for questioning, where she admitted to lending the money and charging illegal interest. She claimed to have only been operating for less than a year and said she had five or six clients. Both parties eventually agreed to enter a government-backed debt mediation process. Ms. B agreed to repay the victim ฿5,000 and pledged to cease all contact, threats or public shaming. A formal agreement was signed in the presence of district officials. Authorities warned that any further intimidation or collection attempts would result in legal action. This case highlights the persistent issue of predatory lending in rural Thailand and underscores the government’s ongoing efforts to crack down on illegal moneylending operations. Adapted by Asean Now from Khoasod 2025-07-04 -
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THAILAND LIVE Thailand Live Friday 4 July 2025
Bangkok to Dim Dazzling Billboards with New Brightness Rules File photo courtesy of Wikipedia Bangkok’s skyline is set for a less glaring future as the Bangkok Metropolitan Council acts to curtail the blinding brightness of local billboards. Full story: https://aseannow.com/topic/1365645-bangkok-to-dim-dazzling-billboards-with-new-brightness-rules/ -
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Report Bangkok to Dim Dazzling Billboards with New Brightness Rules
File photo courtesy of Wikipedia Bangkok’s skyline is set for a less glaring future as the Bangkok Metropolitan Council acts to curtail the blinding brightness of local billboards. To safeguard residents' vision and cut down driver distractions, the council has greenlit a regulation aimed at reducing the excessive light output from illuminated signs. Bangkok Governor Chadchart Sittipunt introduced the regulation on July 2, emphasising its role in making city life safer and cosier for all. Complaints have surged over billboard brightness, with many concerned about discomfort and road hazards caused by extreme lighting. Governor Chadchart stated, “Some billboards are so bright that they disrupt daily life and pose dangers on the roads. This regulation aims to protect the public while promoting responsible advertising.” The new rule mandates that billboard brightness not exceed 5,000 candelas per square metre during the day and must drop to 500 candelas at night. This measure strives to meet businesses' advertising needs while ensuring residents and visitors aren’t blinded by glaring neon. With council approval in principle, a committee will now review the proposal ahead of a final vote. If enacted, the regulation will mark a significant step in controlling outdoor advertising impact in bustling Bangkok, as reported by the Bangkok Post. Advertisers in the city will need to adjust their lighting strategies to adhere to the new stipulations. The anticipated result is a visually calmer urban environment, reducing both human discomfort and dangerous distractions. Residents have welcomed the move, praising the effort to moderate intrusive billboard lighting. A local commented, “This regulation is long overdue. It will make living in the city more pleasant, especially at night.” Adapted by ASEAN Now from Bangkok Post 2025-07-04 -
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Crime Sri Lankan Man Caught Smuggling Ball Pythons in Underwear at Suvarnabhumi Airport
Ive always worried about what looks like a python in my pants when I go through customs, but so far so good. -
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No male Thai friends after years of living here? Help for the lonely farangs left out.
No thank you, no need to, if you got on better with foreigners you wouldn't need to also
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