9.26 AM Wednesday, 14 March 2012
Dubai developer on The World’s Thailand island offers 'full' refund
Jasmine Garden issues promissory note to investors maturing in 2015 ; Says project not cancelled
Investors of Jasmine Garden project on the Thailand island on The World
development have been offered a full refund by the developer through promissory
notes, maturing in 2015, Emirates 24|7 can
reveal.
Imtiaz Khoda, project representative, Jasmine Garden Ltd, told this website that the project had had not been cancelled, but is “on hold.”
“Jasmine Garden located on the Thailand island of the World is not a cancelled project and is currently on hold.
“During these challenging times in residential real estate, it is important to adopt a flexible approach to the issues at hand in order to present viable solutions to the current purchasers in the project.
“In close co-operation with Rera, we have offered a number of attractive solutions to current purchasers, inclusive of a full refund in the form of a promissory bond, maturing in 2015
Imtiaz Khoda, project representative, Jasmine Garden Ltd, told this website that the project had had not been cancelled, but is “on hold.”
“Jasmine Garden located on the Thailand island of the World is not a cancelled project and is currently on hold.
“During these challenging times in residential real estate, it is important to adopt a flexible approach to the issues at hand in order to present viable solutions to the current purchasers in the project.
“In close co-operation with Rera, we have offered a number of attractive solutions to current purchasers, inclusive of a full refund in the form of a promissory bond, maturing in 2015
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