TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Phuket Real Estate Slammed By BBC

Category: Real estate, Posted:28 Sep 2015 | 06:00 am

Over the past few days I have been inundated by emails about a BBC news segment and subsequent magazine piece on "The Phuket Property Nightmare' by the BBC.
To read the BBC piece <link>http://www.bbc.com/news/magazine-34346620*CLICK</link>
Clearly the news has gone global and is inciting comments across many markets.
Jonathan Head who is the BBC journalist based in Bangkok is a longstanding and well regarded professional, though there is a debate on whether the piece in question is sensational or simply investigative.
From a non-partisan view the story has represented comments from both the aggrieved parties and local Thai government and legal sources so it remains well founded.
What is an issue is that there remains little recognition of the plights of foreign property buyers in Phuket and in reality all of Thailand. They are grouped under the status quo and remain unacknowledged in the wheels of consumer protection.
More worrisome is the reputation breach for Phuket real estate and the lack of a response by the local or national government.
As the focus continues to be on creating happiness in Thailand, the reality of public relations disasters like the BBC piece is they not proactively addressed and actioned.
Broadly speaking the island's property sector is populated by well-heeled developers from public companies like Laguna Hotels and Resorts, Charn Issara, Land and Houses, Sansiri, Pruska, Supalai and many more.
Though as everywhere in the world, there are those developments and transactions which run aground and threaten to under mind a larger marketplace.
What is needed here on the island is recognition by the provincial government of the importance of the sector and a vehicle to allow valid complaints from foreign nationals.
On an equal scale is a call out to the sector to create a method to address such widespread pr problems and mitigating broader damage. as they arise
Welcome to Phuket's latest nightmare.

Other News

Read more

C9 Hotelworks New Thailand Branded Residences Report Released

Category: Hotels|Real estate, Posted:21 Sep 2024 | 09:19 am In 2020, Aman Nai Lert Bangkok established a new standard for ultra-luxury branded residences positioning itself as the best-in-market product at the time. Today, the Porsche Design Tower Bangkok, developed in partnership with Ananda Development, has pushed those boundaries further, surpassing THB1 million (just over USD33,000) per square meter. This landmark project not only raises […]
Read more

Phuket’s Hilton Garden Inn Transacts to TriO Capital

Category: Hotels, Posted:13 Sep 2024 | 12:58 pm The 177-room Hilton Garden Inn Phuket, Bang Tao has traded to private equity group TriO Capital. Operating under a franchise agreement with Hilton, the hotel opened in late 2021 and had been owned and operated under GCP Hospitality. A strategic plan for a design and development upgrade under TriQ will kick off at the end […]
Read more

South Korea Tops Asia’s Branded Residences Pricing Premiums In C9 Hotelworks Latest Report

Category: Hotels|Real estate, Posted:11 Sep 2024 | 10:17 am South Korea’s luxury real estate market has evolved significantly, transitioning from traditional residential properties to innovative branded residences. The trend began in 2008 when The Ananti Hotel introduced a pioneering co-ownership model, targeting affluent buyers seeking luxury vacation homes and social prestige. This success spurred other domestic brands like Lotte and Hanhwa Resorts to follow […]
SiaJai logo

Thailand's Leading Homecare Marketplace