Welcome to Thailandblog.nl
With 275.000 visits per month, Thailandblog is the largest Thailand community in the Netherlands and Belgium.
Sign up for our free e-mail newsletter and stay informed!
Newsletter
Language setting
Rate Thai Baht
Sponsor
Latest comments
- Johnny B.G: “I usually give a decent tip at the end to compensate.” This is what it's all about, right? Many Thais are stingy
- Nicky: The easiest way is through English. Using Dutch you usually get complete chaos,
- GeertP: Dear Frans Do you want to get married for the law or for Buddha? The latter has no consequences for your benefit provided you are not at the same time
- Freddy: Hello, I have never completed my tax return with the intention that the tax authorities will not see it... Never received a question in all these years, AI
- Johnny B.G: Could it also have something to do with the fact that 90 days is quite long? A 2-week stay request makes everything so much easier
- Sacri: Machine translations almost never work very well for unique tonal languages such as Thai or Chinese. Thais also has a complex
- walter: I still have the concern that many people just mess around (sorry for the expression used) and then go against the proverb
- Henk: For example, a large study in the leading medical journal The Lancet shows that worldwide more m
- Werner: Strange indeed. Alarm bells are going off everywhere and you don't notice any difference from before. My Thai wife already has me
- Eric Kuypers: Walter, your son will first have to obtain a work permit and the employer will apply for this. Does that go together with the word '
- Eric Kuypers: Frans, assuming that you now have the single state pension and a pension, things will certainly change upon marriage. Your AOW pension
- Eli: Everything has consequences. Take a look at the SVB website or place a search on this site. When you get married and you
- John: I don't think people with (small) children are allowed on the exit seats. The intention is that these people
- Aad: April is always very warm in Thailand, isn't it? Notice no difference from previous years And that people die from the
- Chris: There is also such a thing as mismanagement. I rented a 2-room apartment in Bangkok for 4.000 Baht per month (excl. water and electricity).
Sponsor
Bangkok again
Menu
Arrivals Bangkok Airport
DOSSIERS
Learning objectives and topics
- Background
- Activities
- Advertorial
- Diary
- Tax question
- Belgium question
- Sights
- Bizarre
- Buddhism
- Book reviews
- Column
- Corona crisis
- The Culture
- Diary
- Dating
- The week of
- Dossier
- To dive
- Economy
- A day in the life of…..
- Islands
- Food and drink
- Events and festivals
- Balloon Festival
- Bo Sang Umbrella Festival
- Buffalo races
- Chiang Mai Flower Festival
- Chinese New Year
- Full Moon Party
- Christmas
- Lotus Festival – Rub Bua
- Loy Krathong
- Naga Fireball Festival
- New Years Eve celebration
- Phi ta khon
- Phuket Vegetarian Festival
- Rocket festival – Bun Bang Fai
- Songkran – Thai New Year
- Fireworks Festival Pattaya
- Expats and retirees
- state pension
- Car insurance
- Banking
- Tax in the Netherlands
- Thailand tax
- Belgian Embassy
- Belgian tax authorities
- Proof of life
- DigiD
- emigrate
- To rent a house
- Buy a house
- In memoriam
- Income statement
- King's day
- Cost of living
- Dutch embassy
- Dutch government
- Dutch Association
- News
- Passing away
- Passport
- Retirement
- Drivers license
- Distributions
- Elections
- Insurance in general
- Visa
- work
- Hospital
- Health insurance
- Flora and fauna
- Photo of the week
- Gadgets
- Money and finance
- History
- Health
- Charities
- Hotels
- Looking at houses
- Isaan
- Khan Peter
- Koh Mook
- King Bhumibol
- Living in Thailand
- Reader Submission
- Reader call
- Reader tips
- Reader question
- Society
- marketplace
- Medical tourism
- Environment
- Nightlife
- News from the Netherlands and Belgium
- News from Thailand
- Entrepreneurs and companies
- Education
- Research
- Discover Thailand
- Opinions
- Remarkable
- Calls
- Floods 2011
- Floods 2012
- Floods 2013
- Floods 2014
- Winter prices
- Politics
- Poll
- Travel stories
- Travel
- Organizations
- Shopping
- Social media
- Spa & wellness
- Sport
- Cities
- Position of the week
- The beach
- Language
- For sale
- TEV procedure
- Thailand in general
- Thailand with children
- thai tips
- Thai massage
- Tourism
- Going out
- Currency – Thai Baht
- From the editors
- Real estate law; and
- Traffic and transport
- Visa Short Stay
- Long stay visa
- Visa question
- Flight tickets
- Question of the week
- Weather and climate
Sponsor
Disclaimer translations
Thailandblog uses machine translations in multiple languages. Use of translated information is at your own risk. We are not responsible for errors in translations.
Read our full here disclaimer.
Royalty
© Copyright Thailandblog 2024. All rights reserved. Unless stated otherwise, all rights to information (text, image, sound, video, etc.) that you find on this site rest with Thailandblog.nl and its authors (bloggers).
Whole or partial takeover, placement on other sites, reproduction in any other way and/or commercial use of this information is not permitted, unless express written permission has been granted by Thailandblog.
Linking and referring to the pages on this website is permitted.
Home » Background » The Dutch investment drama in Chiang Mai: Shopping center Promenada
The Dutch investment drama in Chiang Mai: Shopping center Promenada
Posted in Background
Tags: Chiang Mai, The Netherlands, Promenade, Promenade Resort Mall
(tdee photo cm / Shutterstock.com)
Chiang Mai, the northern city in Thailand, has a Dutch drama of some magnitude. More than 400, mainly Dutch investors are 40 million euros poorer due to a completely failed real estate project in the city: the Promenada shopping center.
The Dutch company ECC Invest is responsible for the development of Promenada Chiang Mai. Director Tjeert Kwant of ECC Invest managed to enthuse a large group of Dutch people for the investment project in the Business Class program on RTL 7 by Harry Mens. The shopping center was completed in 2013, but turned out to be anything but the goose with the promised golden eggs.
In the end, it turns into a million-dollar drama with bewildered investors watching their hard-earned money burn.
Read the whole story in the Quote: www.quotenet.nl/
No one is ever walking around either. Except for ripping and a few eateries, you don't see anyone there. When immigration was still there, you still saw some people, mostly waiting for their visas. But nowadays you are outside after 5 minutes. Nor is it fun. Then it is still divided over 2 buildings. I think it's busier outside than inside at night
Investors in this segment should know better. It is not unique in that program that sponsors have asked for money for hopeless projects. Everyone knows that you can only invest with money that you can afford to lose, but returns make you blind.
Spoke to Tjeerd Kwant when it was open for a year and told that this mall is not working, the whole setup is wrong for Thai people. Just look how many shops are already closed. fortunately there is still the Rimping, otherwise it would be very bad.
Unfortunately,
and I am deeply saddened that this investment did not yield what it should?
The mall is beautifully landscaped, almost rural with palm trees, large lawns and huge umbrella canopies.
But a few years ago it was also a race against Central, which was also building on the east side of Chiangmai...
Too bad, but they won the battle. And now you see Promenada slowly deteriorating.
The parking lot recently had a public sale of used, bank-repossessed cars.
Then you already know what time it is. RIP
Went there a few years ago. Beautifully laid out indeed. But then a lot was already empty.
Wasn't Palm Invest also promoted through the Mens program?
Someone who pays himself to get his own program on TV, instead of getting paid to present a program and around that also the normal advertising…..
I've always found it a dubious program with a bad presenter (but yes he pays for the airtime). A large “advertising commercial, with advertising around it”
Very annoying for the investors who got in.
It's pretty much the same story as what happened here in Chumphon with the 'New Nordic Coral Beach' project. Large-scale project with three large condo buildings, pool villas …. Attracted many Norwegian and French investors who each had to put in at least 10.000.000THB. An annual return of 10% was promised ….. When I wrote my first article about this on the blog, the sentence: 'don't bring me a still born baby' came up and unfortunately I was right. Of the three condo buildings, 1 has been completed, the other two have been completely unfinished for more than a year, just like the pool villas. Only 6 of the 3 pool villas have been finished, the rest are just standing there. No cat coming, everything just lonely and abandoned. According to unconfirmed information, Nordic has even withdrawn from the project…. the investors their money???? Blowing in the wind…..???
When ECC first came to present the project at the embassy, I advised them against it, because I know that Central does not want a foreign competitor. Stubborn and yet persevering.
In general, if you have to sell your investment through Harry Mens, it is considered a not too good project in advance.
That Harry Man will really be a sausage what he praises.
It costs a lot of money to have your say there.
You have to like a gamble if you want to do this kind of business in Thailand. In this case you guessed wrong. I do not know who did the preliminary investigation, but knowledge of the situation in Thailand is lacking. They would have done better to look on site and inform themselves and then those millions would not have been invested, unless of course the tunnel vision virus around value. There is so much going on in this country. Look at the small self-employed people who are busy with food and drink. They compete each other out of the market because there are no regulations in terms of restrictions. Everyone just does something. Permits what is that I hear them think. So many companies that go bust again and that was long before the corona crisis, which on top of that is a death blow for many. Take a look at housing construction and how many projects have failed. Sad to see this, but it's a daily occurrence.