edh

Hi all!

Johann,

I got an answer from my frind who bought 3 units in View Talay..

He was forced to start a company to be able to buy his units..

He then has to pay 12000 baht in taxes each year on top of the yearly

fees. So I think you should contact the sales office ASAP and check that you

don't have been affected in the same way.

I am still awaiting confirmation if I can do the transfer of ownership in May.

If not, I maybe loose my "spot" among the 49% foreign owners and will have to do the same as my friend in View Talay.

Anyone else having the same difficulties??

EDH

Hi Johann,

When I signed my contract I paid a deposit of 50k Baht and then monthly ( a tenth of the half price). The other half should be paid when transfer of ownership is due.

So I still have to to pay half the sum.

I guess that you have bought your unit in the View Talay complex that is just about to be completed? (The one on the other side of the intersection Thepprasit road - coming from south Pattaya).

I have a friend that have bought three units there and I have informed him about the current changes and I am still waiting for him to reply. I will post it here as well as soon as find something out.

The whole thing is a mess right now, I made it but I feel sorry for all other foreigners that have to claim their money back and so on, we all know how slow the system is - not only in Thailand but in all of Asia.

I can unfortunately not be back in Thailand until May but I have involved a friend to investigate more about it.

Good luck all!

EDH

We have addressed the situation and after careful consideration and deep regret, we can see that the only way to resolve the matter fairly is to offer the 49% to the customers who paid their deposits and signed contracts

on the earliest dates in each building.

We have addressed the situation and after careful consideration and deep regret, we can see that the only way to resolve the matter fairly is to offer the 49% to the customers who paid their deposits and signed contracts

I got another e-mail today explaining that I am one of the 49%....

So I guess I made it.

I wonder how it will be with the other 16% that have paid their deposits and now finding out that they can't buy their condo due to the change of ownership rules?

Probably have to sign their condo on to their girlfrien/wife names or maybe involve a lawyer?

EDH

Thanks Eyebee..

I think the development is 3.5 rai according to the contract and yes, it is maybe outside the muncipal district of Pattaya (located by the new Bruno restaurant and corner Thepprasit rd).

Anyway, this eased my frustration a littlebit.

Now I only have to caugh up the cash before they sell my condo to someone else, I am currently in the states and will not be in Pattaya until May and they seem desperate getting their funds collected.

Thanks all for your time to answer.

This thai expat forum is great.

Regards

EDH

Dear all,

I have signed a deal to buy a condo at the Chateau Dale lowrise condominium.

Yesterday I got an alarming e-mail from the owner where they explain that

We are pleased to inform you that we are now ready to transfer

ownership to

you. . As now upon instructions from the Pattaya Land Office,

Chateaudale

low rise condominium will no longer be available as a 100% foreign

ownership development as originally understood by all parties. This

ruling

also affects many other condo developments in Pattaya and around

Thailand.

This means ownership will now have to be split 49% foreigners / 51%

Thais.

We have addressed the situation and after careful consideration and

deep

regret, we can see that the only way to resolve the matter fairly is to

offer the 49% to the customers who paid their deposits and signed

contracts

on the earliest dates in each building.

I have problems understanding what the really mean. The original contract states that I am to be the sole owner of the condo. Do they mean 49% ownership of the condo or is it the land where the project is built on??

The contract was checked by a lawyer before signing and everything then looked ok (abt. 2 years ago) but now??

Should I contact a lawyer again to review the contract or?

Anyone with good suggestions in what to do in this for me very important matter?

Confused/tricked farang?

(Also posted in Pattaya general topics)

Best Regards

EDH

Dear all,

I have signed a deal to buy a condo at the Chateau Dale lowrise condominium.

Yesterday I got an alarming e-mail from the owner where they explain that

We are pleased to inform you that we are now ready to transfer

ownership to

you. . As now upon instructions from the Pattaya Land Office,

Chateaudale

low rise condominium will no longer be available as a 100% foreign

ownership development as originally understood by all parties. This

ruling

also affects many other condo developments in Pattaya and around

Thailand.

This means ownership will now have to be split 49% foreigners / 51%

Thais.

We have addressed the situation and after careful consideration and

deep

regret, we can see that the only way to resolve the matter fairly is to

offer the 49% to the customers who paid their deposits and signed

contracts

on the earliest dates in each building.

I have problems understanding what the really mean. The original contract states that I am to be the sole owner of the condo. Do they mean 49% ownership of the condo or is it the land where the project is built on??

The contract was checked by a lawyer before signing and everything then looked ok (abt. 2 years ago) but now??

Should I contact a lawyer again to review the contract or?

Anyone with good suggestions in what to do in this for me very important matter?

Confused/tricked farang?

EDH