Riverside Condo

[chiang mai]

I'm aware of the many problems that existed at Riverside and these are documented extensively in a thread dated October 2012,

I wonder now, eighteen months later, whether any of those problems have been resolved or does buying there still represent high risk?

[beau thai]

I have just read those rather colourful posts for the first time and found it hard to identify fact from fiction; many commentators on TV being uninhibited from extravagant remarks based on no first hand knowledge - not unusual of course.

As a resident in Riverside, I have attended 5 or 6 agm/egm - all characterized by very low attendance. But if the problems you referred to existed today one might expect a bigger turnout from interested parties.

The building is much improved, the swimming pools, grounds and building are well maintained, and living there, for me. is a real pleasure. I have found in other countries that community living isnt for everyone- if you need to have your own way on every issue, it is better to avoid community living.

A Riverside studio that I offered on last year at 1.4m has now been sold at 1.8m, and that is a common pattern. The foreign ownership is either at 49% or very close to it. It seems many people want to live there and existing owners are reluctant to sell. I have experience of several condo's in Chiang Mai, none of which are without some 'management' problems, and for my needs, Riverside is one of the best.

I hope you will get more opinions from other TV members, who can talk of current first hand experience - and not 3rd hand history from bar talk etc.

I neither wish to rent or sell so have no vested interest other than to tell it the way I see it. Hope it helps.

[chiang mai]

Thanks for that, I look forward to hearing views from the posters who were so voluble eighteen months ago!

[beau thai]

Thanks for that, I look forward to hearing views from the posters who were so voluble eighteen months ago!

Really???!!!

[mamborobert]

I too looked at Riverside a few months ago...without reference to the old posts.

My experience was somewhat different to beau thai.

I was genuinely surprised and somewhat alarmed at the number of places that were for sale (barely two months ago). One agent (from their office not from their web site) had some 32 properties in Riverside for sale from 1.2 to 6 million. Even dropping in Riverside at the office I was surprised at how many were on offer. To me it seemed that people wanted out rather than in. The numbers were such (as well as the price/location) that I thought something must be wrong but having said that I couldn't be bothered establishing what it was or the legitimacy of any concerns.

The location to me is not the best (but ok) but for the prices being offered to me there are better located condos with less "history" .

[chiang mai]

Thanks for that, I look forward to hearing views from the posters who were so voluble eighteen months ago!

Really???!!!

Yes, in that thread there were a number of posters who had much to say that wasn't good, so it'll be interesting to see if anything's changed since.

http://www.thaivisa.com/forum/topic/588573-riverside-condo-problems/

[chiang mai]

I too looked at Riverside a few months ago...without reference to the old posts.

My experience was somewhat different to beau thai.

I was genuinely surprised and somewhat alarmed at the number of places that were for sale (barely two months ago). One agent (from their office not from their web site) had some 32 properties in Riverside for sale from 1.2 to 6 million. Even dropping in Riverside at the office I was surprised at how many were on offer. To me it seemed that people wanted out rather than in. The numbers were such (as well as the price/location) that I thought something must be wrong but having said that I couldn't be bothered establishing what it was or the legitimacy of any concerns.

The location to me is not the best (but ok) but for the prices being offered to me there are better located condos with less "history" .

We've had a look see today and there are a few for sale although not what I would describe as an unusually large number, nothing that would ring alarm bells for me so maybe it's a seasonal thing.

[beau thai]

I too looked at Riverside a few months ago...without reference to the old posts.

My experience was somewhat different to beau thai.

I was genuinely surprised and somewhat alarmed at the number of places that were for sale (barely two months ago). One agent (from their office not from their web site) had some 32 properties in Riverside for sale from 1.2 to 6 million. Even dropping in Riverside at the office I was surprised at how many were on offer. To me it seemed that people wanted out rather than in. The numbers were such (as well as the price/location) that I thought something must be wrong but having said that I couldn't be bothered establishing what it was or the legitimacy of any concerns.

The location to me is not the best (but ok) but for the prices being offered to me there are better located condos with less "history" .

I am interested that you found so many apparently for sale out of the 552 units - I know some owners put theirs on a unrealistic prices just to see if someone bites but I am certainly unaware of many units genuinely for sale, and it seems unlikely that the building would have reached 49% quota last month if that was the case.

Maybe proportionately 32 out of 552 is like 6 out of 100 - but it is still surprising number to me. I do wonder if the agent was up to date with the listings.... I know there are studios in Riverside notionally 'for sale' at 1.9m to 2m, and 1 bed condo's at 5m up. Are they genuine ' for sales' or kite-flying?? Not sure. I guess when you can list at no cost, some will offer with no real expectation of selling quickly?

[evenstevens]

paid a visit only a few weeks back very well aware of its colourful history which dates back long before 2012 bit, the condo which i saw was a private sale and @approx 40.000.baht a sq metre,a figure way to high, I.M.O when lining up all your duckys,and comparing them to other deals around c/mai, but never the less i do respect the residents opting to buy in at riverside and do hope they have a enjoyable lifestyle there..a nice evening to all

[wanttobuyacondo]

Apparently some group was brave enough to finally get into action. Yesterday only, a mate gave me a call telling a special police force seized documents and computers. Assistant manager was fired on the spot. Office closed and warning in the lifts.

The f*t and u**y lady (a decate long terror with a smile) was also sidelined. He told me the cancer has been cut away with this.

A condo doesn't need corruption, cheats, scams, terror, intimidation. Obviously behind the scenes were many things wrong for a very long time. He is confident the new team is strong enough to survive and counter. Wait and see.

[chiang mai]

Good news, can anyone confirm or add to this?

[binjalin]

I sold my units (nice river views and renovation) for 1.3 and 1.35 about a year ago and happy I got out. I'm not up-to-date but there has been years of 'troubles' at Riverside and once one 'trouble' is fixed another seems to come along.

personally i dislike the location, parking etc. but that's just personal taste

I have always observed that owners in any condo, once they have purchased or decided to, always 'talk up' and justify their choice - it's natural

when i was there it was dominated by one owner who had the reputation of being very nasty - maybe that's changed? anyway caveat emptor and good luck to all

[khunphil]

Good news, can anyone confirm or add to this?

Well I saw a notice explaining that one staff resigned on 2nd of May. This could be linked but I dont know about the full story.

[chiang mai]

I have two more questions about this:

1 - People have mentioned flooding as being an issue and unless I've been very forgetful, I don't understand how it can be since Holiday Inn and Riverside are both built on raised ground - I can't recall in past years flooding affecting that are or am I wrong?

2 - Secondly, I keep hearing the name Joy mentioned in the context of condo sales at RS, is she part of the management team?

[northernjohn]

paid a visit only a few weeks back very well aware of its colourful history which dates back long before 2012 bit, the condo which i saw was a private sale and @approx 40.000.baht a sq metre,a figure way to high, I.M.O when lining up all your duckys,and comparing them to other deals around c/mai, but never the less i do respect the residents opting to buy in at riverside and do hope they have a enjoyable lifestyle there..a nice evening to all

Yours was a private sale. Could it not have conformed to a earlier post by beau thai that some owners put there units up for sale at a ridiculous price?

[AngelsLariat]

I sold my units (nice river views and renovation) for 1.3 and 1.35 about a year ago and happy I got out. I'm not up-to-date but there has been years of 'troubles' at Riverside and once one 'trouble' is fixed another seems to come along.

personally i dislike the location, parking etc. but that's just personal taste

I have always observed that owners in any condo, once they have purchased or decided to, always 'talk up' and justify their choice - it's natural

when i was there it was dominated by one owner who had the reputation of being very nasty - maybe that's changed? anyway caveat emptor and good luck to all

How big were the units that you sold for 1.3 and 1.35 MB?

[beau thai]

I have two more questions about this:

1 - People have mentioned flooding as being an issue and unless I've been very forgetful, I don't understand how it can be since Holiday Inn and Riverside are both built on raised ground - I can't recall in past years flooding affecting that are or am I wrong?

2 - Secondly, I keep hearing the name Joy mentioned in the context of condo sales at RS, is she part of the management team?

I have no direct experience of flooding here but I am told it affected movement in and out of the building rather than the building itself.

I believe there is someone named Joy who lives in the building and acts as an agent but has absolutely nothing to do with the management-although that impression may be gained from how her business is presented......

[chiang mai]

I have two more questions about this:

1 - People have mentioned flooding as being an issue and unless I've been very forgetful, I don't understand how it can be since Holiday Inn and Riverside are both built on raised ground - I can't recall in past years flooding affecting that are or am I wrong?

2 - Secondly, I keep hearing the name Joy mentioned in the context of condo sales at RS, is she part of the management team?

I have no direct experience of flooding here but I am told it affected movement in and out of the building rather than the building itself.

I believe there is someone named Joy who lives in the building and acts as an agent but has absolutely nothing to do with the management-although that impression may be gained from how her business is presented......

Both answers make perfect sense, many thanks.

[Rimmer]

Unhelpful overlarge picture removed

[beau thai]

paid a visit only a few weeks back very well aware of its colourful history which dates back long before 2012 bit, the condo which i saw was a private sale and @approx 40.000.baht a sq metre,a figure way to high, I.M.O when lining up all your duckys,and comparing them to other deals around c/mai, but never the less i do respect the residents opting to buy in at riverside and do hope they have a enjoyable lifestyle there..a nice evening to all

Yours was a private sale. Could it not have conformed to a earlier post by beau thai that some owners put there units up for sale at a ridiculous price?

I know what you mean Northernjohn, but is 40k per metre 'ridiculously high' by comparison. That surely equates to a 25 metre condo for 1 million baht in a good building and I dont know where you can find deals like that in Chiang mai .

Of course, the studios in Riverside are larger than average, compared with others I have seen, at 46 metres, so cost more, and at a guess a good one (and they differ significantly in terms of interior quality and view!!) will make more than 1.8m-maybe more now the quota has been reached.

[evenstevens]

paid a visit only a few weeks back very well aware of its colourful history which dates back long before 2012 bit, the condo which i saw was a private sale and @approx 40.000.baht a sq metre,a figure way to high, I.M.O when lining up all your duckys,and comparing them to other deals around c/mai, but never the less i do respect the residents opting to buy in at riverside and do hope they have a enjoyable lifestyle there..a nice evening to all

Yours was a private sale. Could it not have conformed to a earlier post by beau thai that some owners put there units up for sale at a ridiculous price?

n/j right on cue posts #5 and 12,support our thoughts in particular mine,i took a bow peep in 2001,yes thirteen yrs ago,when c/mai was in a deep slumber,and the colourful history had already been in full swing then,and from my recent enquiries it is still swinging, so @approx 40 thou a sq metre ,no way jose as for the flooding bit around 2011 the ping was lapping at its doorsteps better beleive it as i was staying at the holiday inn,which was in a more precarious position ,lined with the sandbags and all ,the main roads closed to boot, again i have full respect for residents at this condo,but the prices being asked are way above the odds when taking everything into consideration,the above is I.M.O...all have a nice evening

[chiang mai]

40k per sq sounds easily dooable, I've recently seen 65k per sq at Floral which I thought I'd never see.

And talking of water lapping at the door:

[sweetandsour]

What I've heard is that CMP was voted out at the last general meeting a few weeks ago. For reason having to close ties with the lady "wanttobuyacondo" is talking about. A resident told me of many "arranged" things between those two.

As for "Joy"; I bought a Riverside studio and sold it a year later. I was happy with the profit and the service she gave us on those two occasions. She was introduced to me as being the best agent of all dealing with Riverside. I don't know the others but Joy was very professional and effective. I know of 2 webistes she runs, www.chiangmairiversidecondo.com and www.chiangmaigolfmansion.com. She can use both names as an agent she told me. My friend was at the last meeting and they voted Joy into the committee, being part of the new trend?

As for the flooding: I have friends staying at Riverside for over 10 years and never Holiday Inn or Riverside were under threat of flooding. Yes the main road a few times but never the Riverside area itself. Be clear "chiang mai" as those pictures have absolutely nothing to do with Riverside or Holiday Inn.

[chiang mai]

What I've heard is that CMP was voted out at the last general meeting a few weeks ago. For reason having to close ties with the lady "wanttobuyacondo" is talking about. A resident told me of many "arranged" things between those two.

As for "Joy"; I bought a Riverside studio and sold it a year later. I was happy with the profit and the service she gave us on those two occasions. She was introduced to me as being the best agent of all dealing with Riverside. I don't know the others but Joy was very professional and effective. I know of 2 webistes she runs, www.chiangmairiversidecondo.com and www.chiangmaigolfmansion.com. She can use both names as an agent she told me. My friend was at the last meeting and they voted Joy into the committee, being part of the new trend?

As for the flooding: I have friends staying at Riverside for over 10 years and never Holiday Inn or Riverside were under threat of flooding. Yes the main road a few times but never the Riverside area itself. Be clear "chiang mai" as those pictures have absolutely nothing to do with Riverside or Holiday Inn.

Many thanks for all of that, the situation is becoming much more clear now.

I had already guessed that Joy is/was as described but needed local confirmation, I have seen her web sites and we have spoken and she comes across well.

The pictures I posted above are of flooding at Floral in Watkate where I live, they were offered in the context of statements made earlier about RS condo's being expensive at 40k per sq where floods were prevalent, vs Floral where they are substantially more prone to flooding at 67k per square metre. Yet again the subject poster demonstrates he does not understand the scope or nature of the issues.

EDIT to add:

If it's any comfort, Floral went through a similar episode for a number of years whereby an onsite sales person had a series of arrangements with one or two prominent owners here and I ran afoul of that relationship at least once, if you wanted to buy in you had to "do the right thing"! It took time but the management company and the onsite manager eventually had her removed - rumors tell me that Rimping went through a similar process also.

[northernjohn]

What I've heard is that CMP was voted out at the last general meeting a few weeks ago. For reason having to close ties with the lady "wanttobuyacondo" is talking about. A resident told me of many "arranged" things between those two.

As for "Joy"; I bought a Riverside studio and sold it a year later. I was happy with the profit and the service she gave us on those two occasions. She was introduced to me as being the best agent of all dealing with Riverside. I don't know the others but Joy was very professional and effective. I know of 2 webistes she runs, www.chiangmairiversidecondo.com and www.chiangmaigolfmansion.com. She can use both names as an agent she told me. My friend was at the last meeting and they voted Joy into the committee, being part of the new trend?

As for the flooding: I have friends staying at Riverside for over 10 years and never Holiday Inn or Riverside were under threat of flooding. Yes the main road a few times but never the Riverside area itself. Be clear "chiang mai" as those pictures have absolutely nothing to do with Riverside or Holiday Inn.

On the positive side I notices on one of her sites on renting there you would have to pay the water and electricity at the government rates which can be as much as half what many places charge for renters. I believe it is approaching 4 baht a unit while many places charge 8 baht a unit. I have heard of one at 10 baht a unit.

[chiang mai]

Floral is 8 baht but it is an anomaly in that the building is considered by the water supply people to be a commercial operation rather than residential, so it is with many older places in Thailand where the supply to individual units can't be separated and a single meter was installed at the outset.

[evenstevens]

What I've heard is that CMP was voted out at the last general meeting a few weeks ago. For reason having to close ties with the lady "wanttobuyacondo" is talking about. A resident told me of many "arranged" things between those two.

As for "Joy"; I bought a Riverside studio and sold it a year later. I was happy with the profit and the service she gave us on those two occasions. She was introduced to me as being the best agent of all dealing with Riverside. I don't know the others but Joy was very professional and effective. I know of 2 webistes she runs, www.chiangmairiversidecondo.com and www.chiangmaigolfmansion.com. She can use both names as an agent she told me. My friend was at the last meeting and they voted Joy into the committee, being part of the new trend?

As for the flooding: I have friends staying at Riverside for over 10 years and never Holiday Inn or Riverside were under threat of flooding. Yes the main road a few times but never the Riverside area itself. Be clear "chiang mai" as those pictures have absolutely nothing to do with Riverside or Holiday Inn.

The pictures I posted above are of flooding at Floral in Watkate where I live, they were offered in the context of statements made earlier about RS condo's being expensive at 40k per sq where floods were prevalent, vs Floral where they are substantially more prone to flooding at 67k per square metre. Yet again the subject poster demonstrates he does not understand the scope or nature of the issues.

appreciate your above views that i am unable to come to grips with the scope and nature of the issues, as i have said they are my personal opinions,if any interested party wishes to buy in at that condo for 40 k baht sq metre.. go for it your last post has given floral a price tag of 67 k baht a sq metre,your previous post a 65k tag, go back a couple weeks ago to *buying a cheap condo in c/mai*thread your post #23 says the price tag @the floral was 45k to 55k baht a sq metre then a short time later post# 28 u state 60 k baht a sq metre,so in a matter of a couple weeks your prices @the floral has dramatically risen from 45 k to 67k baht a sq metre this surely demonstrates (as u kindly put it to me)you do not know the real value of your own condo that u reside in but again thks for your kind words have a lovely evening

[mamborobert]

Interesting that Joy (alone) has some 20 or so properties at Riverside for sale on web site.

Just checked Chiangmaiproperties ...had 29 (which may well be a bit high)....a few others realtors had numbers similar to Joy.

[khunphil]

Yes Joy looks nice, but I still does not have any business contact with her. Little bit off-topic, I am still looking for a nice 2 bedrooms condo low floors but on the cheap side. So I will contact her soon.

As for flood, no problem in the parking, but yes, stuck 3 days and cannot get the car out. It was not that bad to know at least that your car is safe.

Ph.

[chiang mai]

What I've heard is that CMP was voted out at the last general meeting a few weeks ago. For reason having to close ties with the lady "wanttobuyacondo" is talking about. A resident told me of many "arranged" things between those two.

As for "Joy"; I bought a Riverside studio and sold it a year later. I was happy with the profit and the service she gave us on those two occasions. She was introduced to me as being the best agent of all dealing with Riverside. I don't know the others but Joy was very professional and effective. I know of 2 webistes she runs, www.chiangmairiversidecondo.com and www.chiangmaigolfmansion.com. She can use both names as an agent she told me. My friend was at the last meeting and they voted Joy into the committee, being part of the new trend?

As for the flooding: I have friends staying at Riverside for over 10 years and never Holiday Inn or Riverside were under threat of flooding. Yes the main road a few times but never the Riverside area itself. Be clear "chiang mai" as those pictures have absolutely nothing to do with Riverside or Holiday Inn.

The pictures I posted above are of flooding at Floral in Watkate where I live, they were offered in the context of statements made earlier about RS condo's being expensive at 40k per sq where floods were prevalent, vs Floral where they are substantially more prone to flooding at 67k per square metre. Yet again the subject poster demonstrates he does not understand the scope or nature of the issues.

appreciate your above views that i am unable to come to grips with the scope and nature of the issues, as i have said they are my personal opinions,if any interested party wishes to buy in at that condo for 40 k baht sq metre.. go for it your last post has given floral a price tag of 67 k baht a sq metre,your previous post a 65k tag, go back a couple weeks ago to *buying a cheap condo in c/mai*thread your post #23 says the price tag @the floral was 45k to 55k baht a sq metre then a short time later post# 28 u state 60 k baht a sq metre,so in a matter of a couple weeks your prices @the floral has dramatically risen from 45 k to 67k baht a sq metre this surely demonstrates (as u kindly put it to me)you do not know the real value of your own condo that u reside in but again thks for your kind words have a lovely evening

Sadly my reply was deleted because I used the "j" word and I can't be bothered to reconstruct the post and its content,

Suggest most strongly if you wish to quote me you do so in context in future rather than cherry picking words from here and there. And when discussing local issues, do your research more thoroughly before trying to influence opinions with narrow thinking. Have an evening!

S