Nusasiri Grand Sukhumvit 42 Ekkamai - Developer Reliability and Reputation

Moderate risk signals found: delays, complaints, or disputed situations. Warrants attention during due diligence.

The developer behind Nusasiri Grand Sukhumvit 42, Nusasiri (NUSA), faced significant regulatory scrutiny in 2023-2024: the SET demanded explanations on a German hotel purchase and related-party sales, and the SEC ordered restated financials for 2023 and Q3 2024 over transactions it described as fraudulent. The Nusasiri Grand project itself (completed 2007, 303 units) trades normally on the resale and rental market, with no buyer complaints about the property found. No data on Movenpick Residences Ekkamai appeared in the results.

This material was prepared with the help of artificial intelligence. Please check key figures and terms with our adviser.

Responsible for content: Leonid Ustinov, Aster Of Asia Co., Ltd.

• SEC instructs Nusasiri to amend financial statements following fraudulent transactions2024-11-21Regulator ordered restated 2023 and Q3 2024 financials and disclosure of fraudulent transactions; SEC earlier referred the case to the DSI.
• SET urges NUSA to explain hotel purchase in Germany, related-party land sale and DEMCO share pledge2023-12-19The exchange demanded explanations on the hotel purchase, sale of projects to related parties against the audit committee's decision, and a share pledge exceeding the loan.
• SET warns investors to study NUSA's financial statement after auditor observations2023-07-11Auditor issued a qualified opinion and observations on the German hotel acquisition; the exchange warned investors.
• Nusasiri shares fall after SET issues deadline2024-01-24Shares fell after the SET demanded clarification on a court request to revoke the share swap with Wind Energy Holding.
• Nusasiri Grand Condo: отзывы и листинги2026-09-14Rating 4.3 of 5 (159 reviews); praised location by BTS Ekkamai, building is older and pool upkeep could be better. No serious complaints about the project.

Sources: en.moneyandbanking.co.th, www.thailand-business-news.com, www.thaiexaminer.com, en.moneyandbanking.co.th, www.bangkokbiznews.com