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100 hotels on Koh Samui forced to sell up due to COVID-19 crisis

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do not worry soon they will all be back under chinese management

here in chiang mai happening all ready

agents are buying hotels and guest houses

before booking had 2750 hotels here than it went to 1100 

now already back to 1330 

chinese will take over the world, not goverments only business

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2 hours ago, GreasyFingers said:

That is not right. The 7 families might be of Chinese origin but they are Thai, as is very common in this country.

There were also 2 flights per day direct from Russia. Used to watch them come in while on the beach.

I always heard about 19 Hainan families – and yes, like almost all, if not all, migrant Chinese families from about a century and more ago, they became Thai citizens, but often remain within Chinese circles. 

 

And daily flight from Malaysia and Singapore, and Charter flights from China – plus the 30+ domestic flight bringing in numerous of foreigners to the islands – but all that doesn't change what I said...🙂

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3 hours ago, GreasyFingers said:

So the Chinese, not Thai, are not like us falang that cannot own property? Posters like you only talk about your prejudices, not reality.

They can own a hotel or resort, if the investment is big enough.

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As long as the government doesn't have a clear plan to revive international tourism, I wouldn't buy anything here. And the old army dinosaurs have no plan. 

 

Maybe they don't want to have any foreigners in the country in general, if you think of one or the other xenophobic statement from their circles.

 

They have nicely consolidated their power and cast critical voices and dissolved parties. 

 

The army princes live in splendor, are very rich and they are the last group go hungry. 

Why do those in power need tourists for?

 

Thailand has changed and is not the friendly, open welcome country since years. Ordinary people are still nice, but those in power think differently. 

 

 

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9 hours ago, ezzra said:

Any one with cash at hand can make a killing now buying properties at rock bottom price and when things will look up, and they will, will at least double their money...

what they are selling is not the real estate but the hotel enterprise (that pays a rent to the landlord) 

So what you buy at "rock bottom" is just the privilege to pay for rent and staff.

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7 hours ago, Nice Boyd said:

Just like they did in Sinoukville, Now they r gone Ghost Town 

Wasn’t exodus due issue with gambling online...

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8 hours ago, mr_lob said:

Sadly yes, and in many struggling parts of the World. China to the rescue!

China is asshoe!

BETTER cHINESE THAN WHITE TRASH FROM THE U.S.

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5 minutes ago, Kongshoej said:

BETTER cHINESE THAN WHITE TRASH FROM THE U.S.

The Samui people don't need to choose, one or the other, all are welcome, this is the anecdotal feedback I'm getting from there.

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11 hours ago, apophyss said:

Chineese will come buy all...

With a Thai partner owning 51%... buying real estate and owning the land in Thailand is not that easy. 

Sure there are ways around it, but not as straightforward as in the USA or Europe 

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2 hours ago, Penefattore said:

what they are selling is not the real estate but the hotel enterprise (that pays a rent to the landlord) 

So what you buy at "rock bottom" is just the privilege to pay for rent and staff.

If the land is not included, the value of the business is really, really low at this time.

Nobody will buy and pay rent now with borders closed 

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70000 people working for 600 hotels? That average 116 people per hotel. Those numbers cant be correct 🤔

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10 hours ago, gearbox said:

Sure...can you post "the plan" details here, so we can have a look too.

I’m sure it’s top secret and he’s not allowed to share.

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