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sohoproperties

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Posts posted by sohoproperties

  1. To answer your question, yes they do have a word for male 'mia noi' which is 'Bua Noi', this means youger or sometimes older 2nd (Junior) husband, the other word and more popular situation is 'geek' which means bit of the side no attachments. Maybe your description of yourself puts you in this catagory lol.

    Also a number of Thai women go to karaoke bars and pay young Thai men for their services even the youger ladies.

    Hope this helps you out.

    • Like 1
  2. You may find this interesting reading.

    I brought a Condo off-plan 18 months ago in the Sukhumvit region. The unit was supposed to be ready for occupation in January this year.

    They are now saying January next year!

    I had a clause in my contract saying that if it was not complete by the end of April I would get my deposit back plus 15% interest.

    Having now invoked the clause the developers are saying that they realise I have this clause ,but do not have the money to repay the deposit all at once and asked if it could it be paid over a period of time?...to quote their Lawyer he said "The Company is in trouble"

    I suggested that if they returned the full amount of deposit paid I would drop the claim for interest, to which he replied that the owners were not to worried about paying the interest.... I suspect this is because they can pay NOTHING! They are broke IMO. Would you think the same or not?

    Half of the development...and its a big 320 unit condo (it's two towers) is completed and occupied, my half is not and all work seems to have halted, judging by what I see on skyscrapercity.com, nothing seems to have ben done on my tower this year...I suspect they have been busy getting Towe One completed for occupation. I know someone that knows someone who has paid 15m Baht for the Penthouse in the first tower and has moved in, so its not as if nobody is living in it.

    I have an appointment to see their Lawyer in a couple of weeks to sort it out, but have told him that I need to know his proposal before I go all the way to BK.

    I am considering taking a Lawyer as well. Is it worth the cost, or is it a case of "Good money after bad"

    My worry is that as they seemingly have no money, they will go into liquidation and the bank selll the rest of he project to another developer...if that happens then all deposits would be null and void I think.....I am very glad I only put down a deposit on a small one......oh yes ..and he also said that because we were "Good Customers and paid all our deposits at the corret time they wanted to keep us happy"...I smell bullshit here and loads of it....we don't WANT to be customers.

    Those of you who are in the know in these matters may be able to give me a clue as to what I can realistically expect?

    Call me a <deleted> for buying off-plan by all means , that goes with the territory of asking this question, but the property market was quite healthy 18 months ago...and they had already complleted one of the towers, so it seemed a "Good Idea at the time"

    I have intetionally left out the name of this Condo for now, but some of you already know which one it is, but I won't confirm it at this stage.

    TP

    Thailand has always been notorious for devlopments going pan up and not paying deposits back. I think that if the company is in trouble the courts may award you compensation but if the company has no money the chances of you getting anything back are slim to non existent. It is very unwise here to buy anything off plan unless the company has been backed by the bank fully. Some banks guarantee funding only when X amount of the condos have been sold so if they are'nt successful in selling a major portion at the front end of the project they don't get funded. The moral is buy finished products only as even the specs on a finished building are'nt guaranteed .

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