Two Australian nationals lodged a formal complaint on September 3 at Kamala Police Station in Phuket, accusing Kata Beach Company, the developer behind The Peaks Residences, of fraud. The men, who had paid over 5 million baht for a condominium unit, claim they have...
Amidst growing demand from foreign buyers, calls for an increase in foreign ownership quotas for condominiums have surfaced, particularly in key tourist destinations like Phuket and Pattaya. Brenton Mauriello, CEO of Raimon Land, suggests raising the maximum foreign ownership quota from 49% to 60%...