Bad Publicity Overseas For Thai Property Market

[CRUNCHER]

Here is link to a newspaper report from Hong Kong about buyers of Thai property being ripped off.

http://www.thestandard.com.hk/news_detail....&con_type=1

It seems that it is not only people in Thailand are being ripped off by Thailands developers.

[trogers]

Here is link to a newspaper report from Hong Kong about buyers of Thai property being ripped off.

http://www.thestandard.com.hk/news_detail....&con_type=1

It seems that it is not only people in Thailand are being ripped off by Thailands developers.

Keywords: villas, one property development, 2003, 2005

Questions to the estate agent - Isn't foreign land ownership generally not permitted in Thailand? How will these villas be owned?

Edited October 16, 2009 by trogers

[quiksilva]

I'm surprised that they didn't raise their eyebrows at promises of a 12% net annual return, guaranteed for 8 years... i.e. almost guaranteeing their money back.

Seriously, this one should fall under the "if it sounds too good to be true"....category

[CRUNCHER]

I'm surprised that they didn't raise their eyebrows at promises of a 12% net annual return, guaranteed for 8 years... i.e. almost guaranteeing their money back.

Seriously, this one should fall under the "if it sounds too good to be true"....category

Absolutely! A fool and his money are soon parted.

Unfortunately it still gets Thai property market a bad reputation.

[alexanderthai]

time to wait and see. It will be the lowest point next year.

[LennyW]

time to wait and see. It will be the lowest point next year.

For what exactly??