A discouraging property buying tale

[ohm]

Having decided to purchase a property, there was an option to transfer the unit in advance of the completion date. The tax reduction would save more than my monthly salary. The developer would have saved more than twice my savings on this particular transaction.

I decided to take the risk of paying 100% before inspecting the room.

http://www.bangkokpost.com/opinion/opin ... ome-buyers


Comments
Lot’s of people would have thought! Real estate investment in Thailand is risky.


That's why I had chosen a developer which is the part of the country's largest land holding owner and has one of Singapore's leading developers as its 50/50 joint-venture partner.


I do agree that I was at fault in deciding on this project but the location was very compelling.
And I would beg to differ on the issue of not buying property in Thailand, as compared to other markets in the region, the property in Thailand continues to remain attractive.
But as I said, we may have to use the law and the clauses in the contract to the best of our ability to gain what we rightfully deserve, even though we maybe dealing with the like of TCC Capital Land.