Northpoint

[Ground Engineer]

Does anyone know if the showrooms on the 3rd floor of the south tower are open for viewing yet. Im flying over next week and would like to visit.

[prospero]

AYOR

[nobody65]

Does anyone know if the showrooms on the 3rd floor of the south tower are open for viewing yet. Im flying over next week and would like to visit.

yes, it is opend.

[Ground Engineer]

AYOR

What risk do you mean!

[syd barrett]

AYOR

LMFHO

[prospero]

AYOR

LMFHO

I would check out Raimon Land very thoroughly before I gave them one satang. Caveat emptor.

[Ground Engineer]

AYOR

LMFHO

I would check out Raimon Land very thoroughly before I gave them one satang. Caveat emptor.

yeah sure, Ive been hearing that chat on these boards for the last three years. Would any one like to bet me a large some of money that Northpoint wont be finished in 2010.

[syd barrett]

Would any one like to bet me a large some of money that Northpoint wont be finished in 2010.

I'd bet you a large sum, but gambling is illegal in the LOS.

[Thailaw]

GE is, I think, correct -- Northpoint will be finished (not sure it will be in 2010, but certainly within my lifetime). The "risks" are two (at least) -- If you pay pre-completion and the property is involved in a bankruptcy of Raimon Lands, what are the legal rights of the purchasers in the property -- do you have an ownership interest in the property or are you just a creditor of Raimon Lands? If it is the latter, you may have serious problems. Second, the property is simply "over priced" on a square foot basis. If you buy and take possession and within 2 or 3 years want/need to sell, there is no way you will be able to get back (or even close to) what you paid for the property. Obviously, thorough due diligence can mitigate this last risk, but it is a real one. So, as Prospero said buy "AYOR". Cheers,

[LennyW]

Cant see any reason Northpoint wont be finished on tail end of this year for hand over to owners early next year, Raimon land financials look healthy enough....

http://raimon.listedcompany.com/financials.html

[Ground Engineer]

Would any one like to bet me a large some of money that Northpoint wont be finished in 2010.

I'd bet you a large sum, but gambling is illegal in the LOS.

That's a NO then....wise choice Syd

[PattayaBunLover]

They have just announced some special financing options for buyers at North Point. Raimon Land does have some financial/liquidity issues but they will probably pull through. As NP is fairly well along, you are probably safe buying there.