good day...a little unusual post, but I want others to know about our problem in Phuket and what you may encounter... Namely, me and my friend bought an apartment in the "Patog Sea View" project. primarily as an investment as the offer was 7% annual cashback plus use of 2+2 weeks per year as soon as you paid the full amount, which we did. when the corona and lockdown started, everything stopped, nothing was done for two years, BUT even later... for two years, the project did not start from a standstill, except that before the season they clear some bushes and build something like a driveway for the works, and the same story - we can't to work in the season, and when it ends then we can't work because it's the rainy season... as far as payment is concerned, it's obviously a fraud, there's no payment, it's extended from month to month and the responsibility is shifted... they sent almost hundreds of emails, they would respond to every 10 or 15 emails... and the latest situation is that the management of the project has now been taken over by a PR&T agency that no longer wants to talk about cash back (which they say does not apply, even though it is stated in the Contract) and offered options that are each worse than the above... imagine buying an apartment as an investment and now they offer you money for 5 years minus the 20% you paid?! Wait for own money and don't back you all...crazy...obviously they are not a clean business, even though they are still offering and selling this project and lying that they have started work...my colleague and I have already hired lawyers and found other people who bought units there, so we can sue them together and ask for money and compensation... we see that their and other projects do not start like the one on Paradise Beach... this write that others now what is going on...if there are any more deceived customers or people who think they can help us, please contact me by private message...
TLDR : Answer Summary
The user describes a troubling experience as an investor in a Phuket property project that has stalled for years, exacerbated by the COVID-19 pandemic. Despite promises of a 7% annual cashback and holiday stays, no significant progress has been made on the project, leading to suspicions of fraud. The management has changed, and the user claims they were offered inadequate compensation while receiving minimal communication from the developers. Many commenters suggest legal action, cautioning about the potential difficulties of recovering funds in Thailand. The community is encouraged to share experiences and band together against fraudulent practices.
