NigelKennedy Posted January 11, 2013 Share Posted January 11, 2013 I was reading about a condo started in the 90's and desserted until last year when renamed Star Palace. It appears tha work has stopped. Anybody know anything or have an update ? Link to comment Share on other sites More sharing options...
NigelKennedy Posted September 17, 2013 Author Share Posted September 17, 2013 No replies yet, somebody must know something about the future of Liliy Valley. Link to comment Share on other sites More sharing options...
heybruce Posted September 17, 2013 Share Posted September 17, 2013 Start and stop construction is common in Chiang Mai, and I assume the rest of Thailand, and few TV members know the reasons for the stoppage, plans for the future, or the names of the places. If you could provide a location then you might get some unsubstantiated rumors, and maybe even a little real information. 1 Link to comment Share on other sites More sharing options...
jonwilly Posted September 17, 2013 Share Posted September 17, 2013 Start, Stop for last 3-4 years. Said to be Korean owned. john Link to comment Share on other sites More sharing options...
Gonzo the Face Posted September 17, 2013 Share Posted September 17, 2013 (edited) Yes ...... but what ever became of Ms. Lilly ??? Edited September 17, 2013 by Gonzo the Face Link to comment Share on other sites More sharing options...
jonwilly Posted September 17, 2013 Share Posted September 17, 2013 Came from a rich Thai family said to make Steel Lockers and similar fittings. Original Condo had too many floors making it an obstacle for aircraft landing from the north to CMX. Then the financial crash in late 90's was final seal on death of project. Big article in City Life a year or two ago. john Link to comment Share on other sites More sharing options...
Rama Posted September 18, 2013 Share Posted September 18, 2013 Height of building was not the problem. Occupancy permit was issued and about 6-8 units were sold and occupied. Lily abandoned it during the 97 crash as she had used US dollars for the loan rather than thai baht, like a lot of the developers at the time did. Korean with a Thai partner bought it from BAM a few years ago, the Korean was doing the financing but then the Korean came to realize his Thai partners were taking him for a ride. He stopped financing it. Link to comment Share on other sites More sharing options...
Beng Posted September 18, 2013 Share Posted September 18, 2013 Height of building was not the problem. Occupancy permit was issued and about 6-8 units were sold and occupied. Lily abandoned it during the 97 crash as she had used US dollars for the loan rather than thai baht, like a lot of the developers at the time did. Korean with a Thai partner bought it from BAM a few years ago, the Korean was doing the financing but then the Korean came to realize his Thai partners were taking him for a ride. He stopped financing it. That somehow sounds familiar. Link to comment Share on other sites More sharing options...
heybruce Posted September 18, 2013 Share Posted September 18, 2013 Height of building was not the problem. Occupancy permit was issued and about 6-8 units were sold and occupied. Lily abandoned it during the 97 crash as she had used US dollars for the loan rather than thai baht, like a lot of the developers at the time did. Korean with a Thai partner bought it from BAM a few years ago, the Korean was doing the financing but then the Korean came to realize his Thai partners were taking him for a ride. He stopped financing it. That's odd. Didn't I read in another thread that condos are a great investment? 2 Link to comment Share on other sites More sharing options...
jonwilly Posted September 18, 2013 Share Posted September 18, 2013 (edited) The hight of the Building was and is still a problem. When you get the rare days when aircraft coming up from the south have to do a landing from the North you will be surprised at how close the flight path takes these aircraft to the Lilly Condo as they make a 'Tight' turn to Port. I would not like to be sat in a Stbd window seat for it is surprising how close the wing gets to the condo. john Witness it many times. Edited September 18, 2013 by jonwilly Link to comment Share on other sites More sharing options...
sane Posted August 14, 2014 Share Posted August 14, 2014 I heard on the vine that the work stopped because one of the workmen had fallen to his death on this site Link to comment Share on other sites More sharing options...
mesquite Posted August 14, 2014 Share Posted August 14, 2014 Came from a rich Thai family said to make Steel Lockers and similar fittings. Original Condo had too many floors making it an obstacle for aircraft landing from the north to CMX. Then the financial crash in late 90's was final seal on death of project. Big article in City Life a year or two ago. john http://www.chiangmainews.com/ecmn/viewfa.php?id=2196 Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now