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Guaranteed Return Debacle Gains International Attention

Category: Real estate, Posted:12 Oct 2012 | 06:00 am

A dispute between property buyers and the developer over unpaid rental revenue at the Nexus Residence in Kota Kinabalu is gaining overseas media attention.
The program which offered 7% returns by means of a lease-back arrangement for five years now has over 100 owners clamoring over alleged delayed payments which are a year overdue.
An owners group called Nexus Property Owners Association has been formed in Hong Kong. Clouding the issue on mass legal action is that the developer currently has liens on the property by banks, hence the owners group hasto now fall into a line of creditor.

As Asia'a property market continues to soar, and guaranteed returns continue to be flouted, buyers should be aware of the adage -"if the offer appears too good to
true, it most likely is".

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Video Sessions From Thailand Tourism Forum 2025

Category: Hotels|Real estate|Tourism, Posted:22 Jan 2025 | 08:18 am In case you missed the Thailand Tourism Forum 2025 in Bangkok last week or did attend, and want to rewatch some sessions please find video links to all below. The event drew over 1,000 attendees and was the 14th year for TTF. We look forward to returning in 2026, but for now please enjoy the […]
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Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed

Category: Hotels|Real estate, Posted:31 Dec 2024 | 11:19 am One of the most significant changes to Phuket’s real estate sector this year is the repeal of the 80-meter development height limit. In a recent Government Gazette, the Thai Cabinet approved a re-zoning proposal by the Minister of Natural Resources and Environment, which now allows development in Zone 6 of Phuket to extend up to […]
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