PHUKET: Phuket honorary consul Larry Cunningham, asked by the Australian Embassy to investigate a Phuket property fraud, has won assistance from Phuket police.
The case involved a condominium in Patong where investors from Australia, Sweden, Denmark and Austria had been caught up in litigation.
''I am hearing more and more of these sorts of problems, unfortunately,'' Mr Cunningham said, ''And I think Phuket is going to have a lot more of them.''
''The problem with these property stories is that they make it into the newspapers very quickly.''
Mr Cunningham said the people had invested in a condominium block in Patong that originally involved eight apartments.
''But the builder did not stop at eight, he built 14 apartments, so now the owners cannot get their condominiums registered at the Land Department because the developer has built 14 when he was only supposed to build eight.''
The developer had also tried to onsell the property and there were now about five court cases involved, Mr Cunningham said.
''I think this is the tip of the iceberg. These property problems are going to come up more and more.''
Major General Pekad undertook to investigate the case.
The case involved a condominium in Patong where investors from Australia, Sweden, Denmark and Austria had been caught up in litigation.
''I am hearing more and more of these sorts of problems, unfortunately,'' Mr Cunningham said, ''And I think Phuket is going to have a lot more of them.''
''The problem with these property stories is that they make it into the newspapers very quickly.''
Mr Cunningham said the people had invested in a condominium block in Patong that originally involved eight apartments.
''But the builder did not stop at eight, he built 14 apartments, so now the owners cannot get their condominiums registered at the Land Department because the developer has built 14 when he was only supposed to build eight.''
The developer had also tried to onsell the property and there were now about five court cases involved, Mr Cunningham said.
''I think this is the tip of the iceberg. These property problems are going to come up more and more.''
Major General Pekad undertook to investigate the case.
I think Mr.Cunningham is 100% correct. This is only the tip of the ice berg. I have many friends with property issues in Phuket. They are saying that they will not buy again in Phuket.
Posted by Billy on November 25, 2011 16:24