Thai Authorities Bust Chinese-Led Property Scam in Eastern Economic Corridor

Chonburi/Rayong – Police and business regulators launched coordinated raids Wednesday on three real estate firms allegedly operating illegal property schemes for Chinese investors in Thailand’s crucial Eastern Economic Corridor (EEC) zone. The crackdown netted eleven suspects and uncovered a sophisticated web of financial deception. Chinese Duo Arrested for Mid-Flight Theft on Macau-Bangkok Route Economic Crime […]

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American Fugitive Arrested in Pattaya for Allegedly Running Illegal Property Business in Phuket and Surat Thani

On March 15th, 2024, a 58-year-old American national was arrested in front of a Jomtien hospital in Pattaya for alleged involvement in an illegal property trading business. Fugitive in Belgium shooting arrested in Phuket The suspect, identified only as Mr. David, has been charged with violating the Foreign Business Act for acting as an executive […]

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Thailand Sees Surge in Condo Purchases Among Foreign Buyers

BANGKOK (NNT) – Reports have indicated that the Thai real estate market in 2023 witnessed a significant increase in condominium transactions by foreigners, with a total of 49,250 units sold from developers’ projects. Court revokes construction permit for Ashton Asoke luxury condominium Data notably showed that foreign nationals accounted for 5,036 units or 10.2% of […]

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Chinese and Russian Property Buyers Increasing in Phuket

More Chinese and Russian investors are interested in buying properties in Phuket, said the President of the Phuket Real Estate Association The President of the Phuket Real Estate Association Mr. Pattanan Pisutwimon told Thai media that since last year, 2022, villas are being highly sold while pool villa construction is increasing. Meanwhile, not many new […]

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Russians putting down roots in Thailand

Russian tourists have been flocking to Thailand since pandemic travel restrictions were eased, with many choosing to invest in the kingdom’s real estate sector after an extended holiday in the country. Since January, over 370,000 Russian tourists have visited the country, according to Pol Maj Gen Phanthana Nutchanart, deputy commander of the Immigration Bureau — […]

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