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EXAGGERATED ADS - Developers of land get a warning

Friday, 04 April 2008

source: Bkk Post Apr 2 2008 The Consumer Protection Board has warned developers of housing projects that they will face a jail term and a fine if they are found to have exaggerated their projects in advertisements. Nirot Charoenprakob, deputy secretary-general of the Consumer Protection Board, said he recently called a meeting with developers of housing projects to warn them not to exaggerate their projects following complaints from many consumers that some developers had misled them into believing that mass transit projects would pass their housing estates or shopping malls, hospitals or schools would be built near their estates. Such exaggerated advertisements have fooled many into buying expensive housing or condominium units from these projects. In many cases, it was found later that the public facilities being advertised were being built several kilometres away from the housing projects. Mr Nirot said the board allows developers to advertise their products, but that is not enough if they don't explain in detail the distances between their project and the mass transit system being built. Consumers should carefully check all the information before purchasing any housing units, he said. Developers of housing projects found exaggerating their advertisements are liable to a jail term of 6 months and/or a maximum fine of 50,000 baht. Theerawat Chantharasomboon, a legal expert on the board, also warned consumers to be extra careful when receiving Sim cards for mobile phones given to them for free as they might find themselves facing debt collection bills later.

 

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