Ownership nightmare: British buyer’s 15 million baht apartment buy in Koh Samui hits authorized roadblock

A British man filed a grievance with the Thai authorities after he bought a 15 million baht condominium in Koh Samui from a real estate firm within the southern province of Surat Thani however could not obtain legal ownership. Many foreigners fell victim to this company, resulting in estimated damages of 100 million baht.
A representative of the Thailand Consumers Council, Phattakorn Teepaboonrat, accompanied the British sufferer, 70 year outdated David Edward Chapel, to the Central Suppression Division to file a complaint against the actual property company, whose identify was not revealed.
Bargain spoke to the media in regards to the concern explaining that Chapel purchased a luxurious apartment in Koh Samui in 2016 and stayed there solely thrice a 12 months. He has been making an attempt to pursue official ownership however has been unsuccessful.
According to Phattakorn, Chapel found on May 19 that the rental didn’t gain development permission. As if this was not disheartening sufficient, it got here to mild that certain parts of the land on which the property stood had been illicitly mortgaged and subsequently sold.
Phattakorn added that Chapel was not the one sufferer. Other foreigners also fell sufferer to this company.
The company focused only foreigners who had restricted data of Thai laws. They assured the shoppers that they might be exempt from paying land taxes and related charges upon buying the apartment if shopping for the property from them. They also created counterfeit paperwork to lure foreigners into buying.
The case is now beneath investigation by the police. It is anticipated that further developments in this regard shall be quickly reported to the basic publicc

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