andytime

The bigger the city the bigger the fall as living is reshaped.  Bkk tourist dependent and thousands of extra rooms surplus to the market.  Anything dependent on credit will fall pricewise.  Beneficiary regional areas with better and cheaper quality of living.  In bkk surplus for rental, empty rooms everywhere and no real solution at hand for crisis.. 20-60%....pre conditions for tom yum goong round 2....

7 hours ago, blackcab said:

In a case like this the phone company would normally not proceed. They simply do not want the hassle.

 

Perhaps the co-owners need to change the Juristic Person.

Very much appreciated and that has been our plan for a while but guy slipperier than a Vietnamese eel.  A big thank you for your input and time. Andy

4 hours ago, blackcab said:

I have experience with mobile phone masts, contacts, etc. in Bangkok but with AIS. Basically a new contract is agreed every 3 years as a longer contract would involve registering the lease on the building's title deed.

 

My first question would be what are the building Committee doing about this? With over 50 per cent of the co-owners in agreement you are in a very powerful position should the matter cone to a vote at an EGM.

Many thanks for your reply. The building 's committee have noted it to to come out (as far back as 7 years ago agreed at seemingly a functioning meeting..ask for minutes of that meeting and get a blank stare from office staff).  The topic noted on multiple occasions at EGM's but guy has continued to operate as if his own building and proper procedures, voting simply been avoided. When I went overseas for holiday signed again.  We last met May of 2019.. this year deferred with Covid.. concern was again voiced by myself et al last year and the meetings have been a challenge to organize a vote or any structure as 5-7 people in total and this guy had control for 17 years since my first attendance.  I have previously called the guy a liar and walked out of meeting and many others given up due to demeanor of the guy. The voting process and the normal proceedings of any form of a general meetings and the functioning of a committee have simply been avoided and the guy essentially carries on with his own agenda.  I have now had enough after hearing a new contract signed in November.  The crane access and plans were stopped by myself and another Indian Thai lady in this last few days because a few other vocal unit holders also total disapproval. Now written up a letter saying fraudulently signed contract without approval/consent and I have got more than 50% of unit holders to sign.  I will leave this with the office Juristic office tomorrow. Any idea what AIS would do if they were aware that there was overall building consent lacking and that approval may not have been granted "legally" at any EGM?  Whilst understand not privy to discuss exactly AIS method of operation, have you encountered a similar situation with considerable building disapproval and any idea of the outcome?  Many thanks for all of your help.  Andy

9 minutes ago, Peterw42 said:

The ongoing lease possibly has to do with term and conditions in the original lease contract, an automatic renewal of the lease is probably mentioned in the original agreement. The juristic manager may well just be signing off on an automatic or tenants optional extension the the lease.

I imagine companies like True etc would ensure they have ongoing options for renewal when signing the original lease.. 

Greetings Peter.. many thanks for your reply.  I am positive going on information from Indian who can speak Thai that last previously building on the last renewal and the 5G one is a totally new contract.

I own the top 2 floors in a condominium building in Sukhumvit Soi 49 with Chanote title built in 1987 100m away from Samitivej Hospital.  We have had an existing contract with True for communication towers that has expired.  The majority of owners have sort the removal of the relay tower that has been on the roof for many years. The body corporate manager is belligerent, doesn't listen and carries on as if his own house and he owns all and in this instance signed a contract with True in November 2019 without any approval from a single party in the building.  In this instance he has acted without consulting anyone and signed a new contract with True for 5G.  No due process was followed in the annual general meeting, no vote has been called or made. I have the towers metres from my head and have had it.  True came with a crane and 20 odd workers for a 3 day installation job on Wednesday past and I managed to send them all home saying that the bulk of the parties in the building had not been consulted nor approved any such installation and it has been signed without due process and fraudulently by the manager and that they had no permission from me and most of the others in the building to enter our land.  I would imagine b/c manager is getting a kickback.  In the last days I have collected the names of more than half of the unit holders objecting to the planned installation and wanting the removal of the current equipment as contract expired with a cover letter to that effect and would have their votes if needed at a special meeting.  True cancelled the 3 day installation job after myself and multiple parties objected in our juristic office.  I have an open balcony and the top unit over which the crane must swing.  Personally, I will continue to maintain the same actions limiting their ability to gain access to our building.  Are there effective condominium laws under the Condomium act 2522 restricting the abuse of powers by the body corp manager if no due process at all was followed? and not a soul approved his fraudulent signing when dealing with the common area property of the building.  Further, it is effectively the roof of my condominium where the towers are currently attached.. have I any right of say on what is or is not installed there and can the contract with true be rescinded on the basis of his fraudulent actions?  I am quite happy to engage a specialist if need be but would like to know roughly where I and other owners stand.  Many thanks Andy

It tests much like Dengue https://www.thelancet.com/journals/laninf/article/PIIS1473-3099(20)30158-4/fulltext  

only seen 3 provinces published but those numbers look very high https://thethaiger.com/dengue-fever/dengue-fever-infections-rise-to-8147

For those saying temp (Singapore??) Not effected by temp even at 60 Celsius in latest study from this month https://www.thailandmedical.news/news/covid-19-research-study-shows-that-sars-cov-2-coronavirus-can-survive-exposure-to-high-temperatures

Media control https://www.khaosodenglish.com/politics/2020/04/21/thailand-falls-behind-myanmar-in-2020-press-freedom-index/

Just 30k tests noted here (Australia 420k at same time) and hospital group head thinks 40 times higher than official estimates https://www.bangkokpost.com/business/1900975/the-coming-storm

Whilst portion use a mask a large many do not,  for sure some on building sites. However many males don't even wash hands from a toilet trip and so many with limited concept for quarantine and impact on larger part of society.  One suspects numbers dramatically higher and a couple of clear clues for those who are drinking the government Koolaid.

Anything dependent on credit - here or in the west will fall or simply not be saleable.  All the banks have massive non performing loans and nobody is paying them back for the cars and condos they already loaned money on.  China has it's own set of financial problems and westerners retirement and travel plans have just been uprooted.  Do you really think all the orders are flowing in from the west now for China or Thailand? They can print money but you can't create demand and that is where we find ourselves now.  It is not exactly easy to open countries up again and employment levels globally will take many years to recover.  Expect some bargains.....

On 3/10/2020 at 8:42 AM, jacko45k said:

Yeah, Kuwait, a real leader in the world, and Qatar too! I doubt the world should follow the lead of these two little Emirates. 

What makes you think the situation in Thailand is not as reported? Are you in Thailand right now or watching the television? You are fear mongering. 

My guess if you do a little bit of digging and have a few powers up top.  Singapore has 3 times the number of Thailand and followed up last with free tests your 4 sleeping partners and your pet parrot with which passed away like Polly in the monty python skit many a year ago.  It closed its border to Chinese, fined those breaking quarantine rules et al and moved at lightning speed because it has intelligent people running the show.  Here is one big lie (not rocket science)... why are viral pneumonia infections going to the moon In Thailand I wonder??  <deleted> wake up.....Thailand cares about money only.. not public health.  The article below should show you Thai testing at its very best.....

https://www.thailandmedical.news/news/must-read-thailand-coronavirus-if-you-suspect-that-you-are-having-covid-19-symptoms,-go-to-a-government-hospital,-avoid-private-hospitals

On 3/8/2020 at 10:40 AM, Huckenfell said:

It is all to do with temperature, putting it simply, Thailand is too hot ( over 27 Cel ) for the virus to thrive

You must be a little cooked if you believe that.. why would Singapore have 3 times for cases then.... it's cooler??  Given it stopped Chinese tourists, followed up Mickey Mouse and Donald Duck's contacts including their last 4 known sleeping partners and openly has reported on all issues.  Whilst these countries are high risk the article is likely from Xinhua trying to take away from the sheer lunacy of the authorities in taking and continuing to take mainland Chinese.

On the mask front...ask the government minister and his mate who are trying to sell 2million to China in a private business deal whether he has any spare......what a joke....

Thailand only cares about money -  those who rule it - the wealthy families with business interests of hotels, supermarkets, transport services and their Chinese overlords care about their pockets only.  It is a country where lying is par for the course and mai pen rai is more commonly used than toilet paper.  Disease vectors from Thailand are showing up in other countries. It is one of the more leveraged countries (Australia perhaps beats it) to China.  Interesting times ahead....

On 11/14/2019 at 9:01 AM, bluesea said:

All those Expats with 800K in a Thai Bank Account is also assisting to upward trend of the baht, making the economy look good.

My guess is that 800k in the bank is to support (prop up) the Thai banking sector.. each 800k deposit enables the bank to hold an 8m baht loan on its books and I dare say given the number of empty rooms a little (lot) bit of excess building has gone on and a few too many car loans (that won't be repaid)..... issues might not be too far away at all.

Exports are almost up and the tourists are almost coming (according to Koolaid drinkers TAT) but not according to market maker TG who still hasn't worked out why people don't want to fly older planes for 40% more.....…..BUT helicopters, submarines, munitions, pollution and hubs are up. 

A case of oversupply, overpricing and different market dynamics (Thailand benefitted disproportionately under globalization and now being unwound).  Overburdened, reduced welfare payments in the west and immigration and currency dynamics here will see overseas investors look for a better and more welcoming deal than Thailand.  The locals have already borrowed on the kitchen sink so some headwinds there as well one suspects.

Of course that can all change if Thailand becomes a sporting hub and wins the next football, rugby and cricket world cups, superbowl and the rights to host the summer and winter Olympics.... 

Pinocchio would struggle with the above story.....Thailand seems to be the only up country in the world on the jewellery front then... de Beers can't do it but where there is a will there is a way in this country...

Go mortgage a chopper (or two) so we can spray the air with molasses....that'll work!!  For 30 years they have talked about replacing the eco friendly red buses but I guess all want too big a skim and they haven't worked out how to get a couple of pretties thrown into the deal.  A couple of suggestions... emissions control people at the port facility testing commercial vehicles, trucks (expand to all) , allow some parking space around bts/mrt routes, stagger working hours, phase out 2 stroke bikes, stop building an individual condo for every earthly inhabitant, upgrade the eco buses and use simple loop service buses in suk soi 39 et al instead of the 4 wheeled Suzuki carry eco friendly babies doing single trips...but I guess then someone else misses out on their bag to buy some pretties services for the week.

The word smart is now used to replace spy...…...

15 hours ago, ThomasThBKK said:

900% you mean i guess?

 

For every 800k deposited they can loan out 8 mio THB.

you need only 10% of a loan to be actually backed with reserves.

Well said.. the 800k for 5/6 months tie up allows banks to hold an 8m baht loan for each and every one of those deposits.  Chinese made up a big portion of the condo buyers and with the decline in their purchasing power.. sales to them have simply collapsed.  I suspect foreigners have limited desire to buy in at current exchange rates and recent adjustments in LTV rates indicate some bigger issues afoot.  Car sales have collapsed globally so I cannot see a strong baht helping Thailand there and if a portion of tourists still coming adjust their purchasing budgets within Thailand.. the wall may come quicker than many think.  If Vietnam was smarter they will pitch at the long stay market.   We may find the so called reserves lent out a little like those in Korea years ago.

3 hours ago, PremiumLane said:

What you get when the nation (UK) gets hoodwinked and taken over by a bunch of right wing lunatics, who have no idea what they are doing and rely solely on hyperbole, bluster and outright bs

So Jeremy Corbyn and the shadow treasurer's proposed lifetime gift tax (LGT) of 125K sterling is a real winner for you is it?