One recent topic of discussion in Thailand’s real estate circles has been about how possible defaults in the condo hotel or investment sector can have a negative impact on the industry.
Based on my own two decades of experience with C9 Hotelworks in branded residences in Thailand and throughout Asia Pacific, I thought it might be helpful to give some guidance to prospective property buyers on how to avoid defaults or illegitimate investment-type schemes. Here goes –
Who is the Developer?
A logical starting point is who is the developer of the project? Get beyond the website and look at fundamental questions. Have they completed other projects and are these successful? What is their track record? Is the company a public listed entity, a developer with multiple projects under one umbrella, or a one-off private limited company?
In Thailand a key trigger that further due diligence…
