Buakhaw Soi 15, Tulip Condo

[Banana7]

I see construction moving again on the Soi Buakhaw Soi 15 Tulip Group condos. It was stalled for about a year. What happened to the original purchasers before the stall? What made it start construction again? There was a fire sale at this development about 18 months ago, as shown in the attached photo

[newnative]

      I think another company has taken over the project and it is now called Grand. Avenue Residence.  Suppose to be done mid 2019.

[CRUNCHER]

Golden Tulip was being developed by the same people that messed up Waterfront.

 

The new developers are the same people behind Nova Group, so the is a good likelihood it will be finished to a good standard.

[midas]

39 minutes ago, CRUNCHER said:

Golden Tulip was being developed by the same people that messed up Waterfront.

 

The new developers are the same people behind Nova Group, so the is a good likelihood it will be finished to a good standard.

No matter how good the standard is likely to be, will developers be depositing the money into escrow or are they yet again waiting for more suckers to come along and take a huge risk to effectively finance the development?

[Banana7]

What happened to the original buyers deposits/progress payments?

[CRUNCHER]

1 hour ago, Banana7 said:

What happened to the original buyers deposits/progress payments?

Taken on board by the new owners of the project. 

[KittenKong]

23 hours ago, midas said:

.....will developers be depositing the money into escrow .....

 

Does this ever happen in Thailand?

[midas]

16 hours ago, KittenKong said:

 

Does this ever happen in Thailand?

You're right I'm just being delusional again  

[Banana7]

The name of  Golden Tulip has changed to Grand Avenue.

Edited November 30, 2017 by Banana7