Ground Engineer Posted September 5, 2009 Share Posted September 5, 2009 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. Link to comment Share on other sites More sharing options...
prospero Posted September 6, 2009 Share Posted September 6, 2009 AYOR Link to comment Share on other sites More sharing options...
nobody65 Posted September 6, 2009 Share Posted September 6, 2009 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. Link to comment Share on other sites More sharing options...
Ground Engineer Posted September 6, 2009 Author Share Posted September 6, 2009 AYOR What risk do you mean! Link to comment Share on other sites More sharing options...
syd barrett Posted September 6, 2009 Share Posted September 6, 2009 AYOR LMFHO Link to comment Share on other sites More sharing options...
prospero Posted September 6, 2009 Share Posted September 6, 2009 AYOR LMFHO I would check out Raimon Land very thoroughly before I gave them one satang. Caveat emptor. Link to comment Share on other sites More sharing options...
Ground Engineer Posted September 6, 2009 Author Share Posted September 6, 2009 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. Link to comment Share on other sites More sharing options...
syd barrett Posted September 6, 2009 Share Posted September 6, 2009 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. Link to comment Share on other sites More sharing options...
Thailaw Posted September 7, 2009 Share Posted September 7, 2009 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, Link to comment Share on other sites More sharing options...
LennyW Posted September 7, 2009 Share Posted September 7, 2009 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 Link to comment Share on other sites More sharing options...
Ground Engineer Posted September 7, 2009 Author Share Posted September 7, 2009 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 Link to comment Share on other sites More sharing options...
PattayaBunLover Posted September 8, 2009 Share Posted September 8, 2009 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. Link to comment Share on other sites More sharing options...
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