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Phoenix from the ashes

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Koh Samui has seen incredible growth and progress over the last decade and there have been some very successful residential estates built on the island by reputable and professionally run developers. Sadly, in the past Koh Samui has been subject to some very unscrupulous fiends in this, and some people who invested here found themselves not only short changed but left without their life savings and without their dream home.

For some of those the problem was getting caught up with developers who planned to build homes on stage payment plans from their investors rather than find the initial investment themselves. This kind of plan opened the door for disaster and in some cases investors were left with half finished developments when the so called property developer did a disappearing act once the stage payments had been collected. This is a position that no investor wants to find themselves in, especially if they live in other parts of the world

However, there is one story that may give heart to anyone who finds themselves in such a terrible situation.

http://www.samuitimes.com/phoenix-ashes/

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