Pattaya: Chinese to the rescue - pumping billions of baht into Jomtien

[webfact]

Pattaya: Chinese to the rescue - pumping billions of baht into Jomtien

 

Picture: Komchadluek

 

The Chinese are coming to the aid of Pattaya.

 

The resort - going through desperate times due to the pandemic - is set to get a massive cash injection from Chinese investors. 

 

Yesterday at the Banyan Tree Hotel in Bangkok there was a signing ceremony between Luniq Real Estate headed by s Lu Meng and Banyan Tree Group's Ho Kwon Ping.

 

Picture: Komchadluek

 

It was presided over by a beaming Phinit Jarusombat of the Thai Chinese cultural association. 

 

It involves a 4.5 BILLION baht investment in the Skypark Lucean Jomtien project. 

 

Source: Komchadluek

[Patong2021]

The Chinese military industrial conglomerate does not just hand out money. They expect a transfer of control of assets and absolute obedience.

[Surelynot]

Chinese to the rescue?....Give me strength.......

[misterjames]

And so it begins...

[Surelynot]

Just now, misterjames said:

And so it begins...

They must be salivating at the current market's demise.......just waiting to swoop in....Thailand a province of China....mind you it might mean some water is allowed to flow this way from the Mekong eventually?

[Oldie]

The more competition the better. About the project:

 

"... a 60-storey and 31-storey residential condominium with complete facilities, totaling 899 units, totaling over 4,500 million baht, fully equipped with standards and brand management SKYPARK (Sky Park), a world-class Banyan Tree Chain hotel. "

 

https://www.world-today-news.com/trust-the-era-of-growth-thai-chinese-businessman-join-hands-to-invest-in-real-estate-projects-in-pattaya-worth-4500-million/

[spiekerjozef]

If you pump in billions face masks and social distancing are not important anymore.

 

[Oztruckie]

Can i see Pattaya and Jomtien heading the same direction as Sikhanoville once these cockroaches get their hands on something like this,my guess is a definite yes.

[misterjames]

9 minutes ago, Surelynot said:

They must be salivating at the current market's demise.......just waiting to swoop in....Thailand a province of China....mind you it might mean some water is allowed to flow this way from the Mekong eventually?

They have been slowly taking over for a while they control Cambodia already gave the nod in Myanmar it's all part of part of the plan it's been on the cards for a while.

[ivor bigun]

investing? no ,taking over, yes.

[morrobay]

1 hour ago, Oldie said:

The more competition the better. About the project:

 

"... a 60-storey and 31-storey residential condominium with complete facilities, totaling 899 units, totaling over 4,500 million baht, fully equipped with standards and brand management SKYPARK (Sky Park), a world-class Banyan Tree Chain hotel. "

 

https://www.world-today-news.com/trust-the-era-of-growth-thai-chinese-businessman-join-hands-to-invest-in-real-estate-projects-in-pattaya-worth-4500-million/

Location ?

[Nong Khai Man]

1 hour ago, Surelynot said:

Chinese to the rescue?....Give me strength.......

Well Yer can Be SURE They Ain't doing it for NOTHING !!

[Nong Khai Man]

1 hour ago, spiekerjozef said:

If you pump in billions face masks and social distancing are not important anymore.

 

But it's O.K There Ain't Any Covid in China !!

[kotsak]

Shylock of the East.. Coming to aid.. yeah right, and I am Madingo.

 

[harada]

My heart goes out to the future generations of Thais, being sold out by this lot of *#*#*, better get those Mandarin lessons going.

[Dagfinnur Traustason]

Yes, they just do it out of love from a pure heart, and have no economical interests whatsoever.

[Oldie]

13 minutes ago, harada said:

My heart goes out to the future generations of Thais, being sold out by this lot of *#*#*, better get those Mandarin lessons going.

Who is really to blame? Just now Tesco Lotus disappeared like before Carrefour. If Western countries don't want to invest here it is their decision. I miss Amazon, or something like Aldi, or... 

[Jeffr2]

16 minutes ago, Dagfinnur Traustason said:

Yes, they just do it out of love from a pure heart, and have no economical interests whatsoever.

What investor does something like this out of love. Right....

[smedly]

3 hours ago, webfact said:

It involves a 4.5 BILLION baht investment in the Skypark Lucean Jomtien project. 

wow not even a mention of casino .............. yet

[jacko45k]

3 hours ago, Patong2021 said:

The Chinese military industrial conglomerate does not just hand out money. They expect a transfer of control of assets and absolute obedience.

Absolutely... it does not come free, nor cheap.

[Jeffr2]

Seems to be the old Ocean One project. 

 

https://www.lucean-pattaya.com/

[RJRS1301]

You find this surprising?

How much infrastructure have the build and paid for under Belt and Road, call this a deffered interst payment. ????

Shame it involves the Banyan Tree, nice proerties and good accommodation, good staff, good service

 

[RJRS1301]

2 minutes ago, Jeffr2 said:

Seems to be the old Ocean One project. 

 

https://www.lucean-pattaya.com/

What type of shadow on beach  and view blocking from ocean onto the sacred mountains?

 

[Jeffr2]

3 hours ago, Patong2021 said:

The Chinese military industrial conglomerate does not just hand out money. They expect a transfer of control of assets and absolute obedience.

Where does it say this is a government company?  Doesn't seem to be a loan.

[PatOngo]

2 hours ago, ivor bigun said:

investing? no ,taking over, yes.

Insurgents!

[rcuthbert]

Did anyone else have naughty thoughts about the babe in the white pant suit?

[grego49]

3 hours ago, Oztruckie said:

Can i see Pattaya and Jomtien heading the same direction as Sikhanoville once these cockroaches get their hands on something like this,my guess is a definite yes.

Copy,,

[Destiny1990]

Chinese “investors” have a tendency of building overpriced condos in a country not theirs. That’s not exactly what i call helping ! Look how once charming Sihanoukville is nowadays destroyed with empty and overpriced condominiums.

[gunderhill]

18 minutes ago, rcuthbert said:

Did anyone else have naughty thoughts about the babe in the white pant suit?

My  God , you  had the same dream as me, a  bucket of  lard three  fish fingers and a penguin,  uncanny.

[Jeffr2]

7 minutes ago, Destiny1990 said:

Chinese “investors” have a tendency of building overpriced condos in a country not theirs. That’s not exactly what i call helping ! Look how once charming Sihanoukville is nowadays destroyed with empty and overpriced condominiums.

Blame the Cambodia government for that. It's not happening like that here in Thailand. Snooky is a mess now.