Interior Ministry orders further checks on Waterfront Residence in South Pattaya

[Berty100]

15 minutes ago, Jiu-Jitsu said:

 

Not the same administration, so not unexpected. But didn't Park Plaza sell their holding to Red Sea Group? Smoke and mirrors.

http://www.iii.co.uk/stockmarketwire/67778/pphe-hotel-group-sells-interest-pattaya-bay-thailand-20m

 

Pattaya Bay is not Waterfront, is it?

 

Don't they mean The Bay Pattaya, another of Pattaya'sn quality projects that's 2 years behind schedule?

Edited August 20, 2016 by Berty100

[CRUNCHER]

12 minutes ago, Jiu-Jitsu said:

 

Not the same administration, so not unexpected. But didn't Park Plaza sell their holding to Red Sea Group? Smoke and mirrors.

http://www.iii.co.uk/stockmarketwire/67778/pphe-hotel-group-sells-interest-pattaya-bay-thailand-20m

Don't know if Red Sea has paid yet, but looking at the article the thing is controlled by one man.  I might be wrong.  These shenanigans are above my pay scale.

[Jiu-Jitsu]

4 minutes ago, Berty100 said:

 

Pattaya Bay is not Waterfront, is it?

 

 

You think not? Think again.

[Jiu-Jitsu]

First they stated that Tulip and PPHE held joint equity: https://issuu.com/absolutethai/docs/absolutethai or http://www.absolutethai.com/blooming-luxury-in-pattaya-with-the-tulip-group/

 

What about Bali Hai Co., Ltd, the supposed initial purchaser of the land and the borrower of the 1.1 billion baht from UOB? Eli Papouchado has stated to City Hall that he has invested around four million baht of the eight million baht authorised capital. Eight million baht authorised capital and a 1.1 billion baht line of credit. Really?

 

Constant name changes and claimed new ownership. I wouldn't trust these people as far as I could throw them. 

 

They opened up a sizeable line of credit after talking up a good story of a Marina and changing South Pattaya into Central Pattaya. Now they have no chance to sell the white elephant, so now shuffling paperwork between themselves.

 

https://www.trustnet.com/Investments/Article.aspx?id=201305010700116850D

 

Quote

in the event of default by Bali Hai Company Limited (the Thai company undertaking the Project that is the borrower under the UOB facilities) after completion of the Project, UOB can require the Company to purchase the serviced apartments for a consideration equal to the amount then outstanding under the UOB facilities, subject to a maximum of Thai Baht 600 million

 

So that explains the US$20,000,000 'sale' to Red Sea Group. Has Bali Hai Co. Ltd defaulted on the loan?

 

http://www.proactiveinvestors.co.uk/companies/rns/130501pph6850d/

 

http://smartinvestor.staging.moneyam.com/news/PPH/PPHE-Hotel-Group-prevPark-Plaza-news/?page=1&https=0&hideSearch=0&hideTabs=0&hideTradeNow=0&hideNav=0&xdjs=

 

 

[Asiantravel]

sounds like a real potential nightmare if you bought one of these condominiums and then down the track you discover the seller never had real title to the propertyin the first place

[joepattaya1961]

19 hours ago, Asiantravel said:

sounds like a real potential nightmare if you bought one of these condominiums and then down the track you discover the seller never had real title to the propertyin the first place

It's a real disaster when you bought a condo on one of the planned 5 top-floors of the place. 

[KittenKong]

2 hours ago, joepattaya1961 said:

It's a real disaster when you bought a condo on one of the planned 5 top-floors of the place. 

 

It is an ill wind that blows no one any good.

 

Those who bought one floor lower can now look forward to having a penthouse for the price of a high-floor unit.

[champa]

5 hours ago, KittenKong said:

 

It is an ill wind that blows no one any good.

 

Those who bought one floor lower can now look forward to having a penthouse for the price of a high-floor unit.

 

Not sure that it should be penthouse or not.

 

Pattaya city officer rejected the plan. It was in the local media since june 10th.  

 

http://www.manager.co.th/Local/ViewNews.aspx?NewsID=9590000058356

 

 

The newspaper reported  that the developer proposed to cut off 5 floors but pattaya city officer rejected it. Source  said  the building space should be cut more to meet the regulation. Pattaya city asked the developer to improve the construction plan again. 

 

By now the building had been halted for 2 years. 

 

It was a very hard time for developer, buyers and  BANK. 

 

[johng]

17 hours ago, champa said:

It was a very hard time for developer, buyers and  BANK

 

And the sales office next door to the tower is still open ?

[champa]

On 23/8/2559 at 9:56 AM, johng said:

 

And the sales office next door to the tower is still open ?

I am not sure about sale office. I had confirmed that it was open as usual on July. 

 

Please be informed that Tulip group just update their website. (www.tulipgroup.co.th) 

By now there are only 2 projects. There are not any information about  without Waterfront and Centara Grand Residence. 

 

Tulip group facebook page (https://www.facebook.com/tulipgroupthailand) is not accessible. Many content on waterfront fanpage that were shared from Tulipgroup fanpage also gone. 

 

 

Edited August 28, 2016 by champa

[Anthony5]

5 minutes ago, champa said:

I am not sure about sale office. I had confirmed that it was open as usual on July. 

 

Please be informed that Tulip group just update their website. (www.tulipgroup.co.th) 

By now there are only 2 projects. There are not any information about  without Waterfront and Centara Grand Residence. 

 

Tulip group facebook page (https://www.facebook.com/tulipgroupthailand) is also unavailable. Many content on waterfront fanpage that were shared from Tulipgroup fanpage also gone. 

 

 

 

Facebook page not accessible.

[champa]

On 23/8/2559 at 9:56 AM, johng said:

 

And the sales office next door to the tower is still open ?

Source said the sale office was closed today. 

[johng]

Source said the sale office was closed today. 

Interesting I may go and look tomorrow.

[champa]

please be informed that on the waterfront website (http://www.waterfrontpattaya.com/home.php). They changed some detail of the project. 

 

They used to say that the project owner and developer is Bali hai co., Ltd and Tulip group. By now is only bali hai.

 

 

 

This picture was captured by 2014. 

 

 

This is the current website home page. 

 

Edited August 30, 2016 by champa

[phycokiller]

never seen the moon rise or set in the north before

[johng]

I can confirm that today 31st August 2016  the sales office is still open

 

and that the "Marina" work is looking very good !

 

[champa]

9 hours ago, johng said:

I can confirm that today 31st August 2016  the sales office is still open

 

 

 

 

Thanks Khun Johng for your information.  Please accept my apology for the incorrect information about the sale office. 

 

Edited August 31, 2016 by champa

[johng]

15 hours ago, champa said:

Please accept my apology for the incorrect information about the sale office. 

 

They probably just closed for the day to recover from the hectic hoards of buyers overwhelming the office everyday.

[champa]

This is old picture, the construction update on april 2013. 

By now there is not any tulip group sign on the sale office. 

 

[performance]

On 8/31/2016 at 1:09 PM, johng said:

I can confirm that today 31st August 2016  the sales office is still open

 

and that the "Marina" work is looking very good !

 

 

 

A absolute disgrace shame on you lazy Thais at Pattaya City Hall. Get off that bowl of noodles and work. Stop taking photos with RTP and praising yourselves. Really you should be fined personally for destroying the environment. Your lucky. If i was PM you be jailed old boy.

[performance]

IBAR and Insomnia disco have stolen land and built with no permit on the beach and paid corrupt officials. they also use the venue as one big brothel. All the girls are sex workers. 

[Rimmer]

A libelous post and a  baiting post also reply have been removed

[londoedan]

7 hours ago, performance said:

 

 

A absolute disgrace shame on you lazy Thais at Pattaya City Hall. Get off that bowl of noodles and work. Stop taking photos with RTP and praising yourselves. Really you should be fined personally for destroying the environment. Your lucky. If i was PM you be jailed old boy.

 Too true - used to be a lovely walk, Beach Rd., up WS then around the bay along to the lighthouse. Quiet too for Pattaya. That marina area looks a real eyesore.

[Jiu-Jitsu]

19 minutes ago, londoedan said:

 Too true - used to be a lovely walk, Beach Rd., up WS then around the bay along to the lighthouse. Quiet too for Pattaya. That marina area looks a real eyesore.

 

Agreed. Used to be a hidden gem. Most tourists would only go as far as Tony's Discotheque. So from there on to Bali Hai and beyond was relatively unspoiled. Look now at the price of progress. Awful.

Greed, pure and simple. Crud about development and iconic buildings. It's just a nasty mess.

 

In the words of Joni Mitchell...

 

 They paved paradise ....and put up a parking lot.

 

Idiots.

 

[pattayadude]

I bet no one can name a few spots that has not been ruined by greed,corruption,trash in the past 10 years

[KittenKong]

10 minutes ago, pattayadude said:

I bet no one can name a few spots that has not been ruined by greed,corruption,trash in the past 10 years

 

In which countries? I know several stunningly beautiful places in Europe that are entirely free to access, and are well-maintained with good roads. Dropping trash there would earn you an instant fine of many thousand Baht (equiv) or potentially a jail sentence. As would conducting any sort of unregistered or unauthorised business (ie food vending, condo building etc). And no possibility of bribing the policeman issuing the ticket.

 

Not all countries in the world are full of greedy people who have no regard for rules or the law, though I admit that they are more numerous everywhere than they were before.

[pattayadude]

31 minutes ago, KittenKong said:

 

In which countries? I know several stunningly beautiful places in Europe that are entirely free to access, and are well-maintained with good roads. Dropping trash there would earn you an instant fine of many thousand Baht (equiv) or potentially a jail sentence. As would conducting any sort of unregistered or unauthorised business (ie food vending, condo building etc). And no possibility of bribing the policeman issuing the ticket.

 

Not all countries in the world are full of greedy people who have no regard for rules or the law, though I admit that they are more numerous everywhere than they were before.

Kitten, I rephrase my quote.

I bet no one can name a few spots in Pattaya that has not been ruined by greed,corruption,trash in the past 10 years

[KittenKong]

1 hour ago, pattayadude said:

Kitten, I rephrase my quote.

I bet no one can name a few spots in Pattaya that has not been ruined by greed,corruption,trash in the past 10 years

 

I see. No, I cant. Outside of Pattaya there are the naval beaches which are generally clean and tidy, but there is a charge for using those (and possibly dual-pricing also which is a form of greed and corruption as far as I can see).

[pattayadude]

6 minutes ago, KittenKong said:

 

I see. No, I cant. Outside of Pattaya there are the naval beaches which are generally clean and tidy, but there is a charge for using those (and possibly dual-pricing also which is a form of greed and corruption as far as I can see).

true!.on a different note, I wonder how easy/difficult, expensive/not so, safe/unsafe, worth/not worth keeping a speed boat or a power boat in Pattaya or near Pattaya. There are plenty of islands nearby and white sandy beaches.I like to think out of the box and not restrict myself to only bars at night  and  malls during day to evade  scorching heat.

[lonewolf99]

If the average local cannot calculate 20 from 100 baht leaves 80 baht without using a calculator........then what are you going to get when it comes to major decision making in a committee of them ?

Edited September 3, 2016 by lonewolf99
spelling/typo