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Posted: 10 Dec 2011 | 6:00 am
Documented legal proceedings in the Thai media between the developer of the Phuket Airpark and an investor has cast a shroud of uncertainty over the residential-led project.
In what had been a unique property inspired product, an airpark for private planes on the island's east coast and house plots has encountered financial and now what appears to be larger issues.
With the apparent inability of the developer to fund the project to completion, plots sold to investors and new litigation, there is no telling what lays in the future for the Phuket Airpark.
In the meantime anxious Bangkok listed property developers and scouring the middle of the island and inner areas of the east coast for large land parcels in order to bank for future domestic residential projects.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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