Udon Condominiums

lee wrote:Val, you said yourself that if you purchased one you wouldn't be a full-time occupant so what's the problem with others not being there full-time also?

Maybe I should just clarify my comment. Whilst my occupation would be casual to say the least I would have no intention of letting it out to others during the periods it was vacant. I was more referring to those who mainly still live and work abroad, coming back to Udon just occassionally, they , I feel would be more likely to rent in their absence .Plus as you previously said , but now altered , the 51% pure farang renters .Making it a huge apartment block which could have quickly been seen as a Farang ghetto by the locals .As I said previously this discussion is useful to both the developer and prospective buyers .With your amended disclosure my interest is again aroused but there is a long way to go yet. As I have previously owned four units in Pattaya ranging from 1/2- 4 million, all with ownership problems from major to minor, I would want much more than to look at pretty pictures of proposals before signing on the dotted line .Hopefully this topic will help along the way .

Hi Lee,

I fully support the concept and would ask that you forward the following questions for consideration .

1. Will there be a floor security bypass system in the lift. e.g. you can only access your own floor and the ground level unless in the company of a person who resides/stays on another floor.
2. Is the developer considering pets, more specifically barking dogs?
3. Is there a capacity for choice in the internal fittings of each unit?, choice of grade and paint colour?
4. Will they be fitted with western style kitchens?
5. Is there provision for variation to the lighting and power plan within each unit?
6. Will there be an electronic security monitoring system
7. Will the developer be providing external electronic window shutters to each unit to reduce impact of heatetc?
8. Will there be allocated carparking for each unit.

Thanks in advance,
TT

Just read the write up in the latest Edition of Udon Magazine. Really doesn't say any more than Lee has told us already, but good to see things are under way. I must admit I'm looking forward to seeing the Final Design of both the Complex and the Units themselves !!

kjellsnell wrote:I think it is a god idea but....

a startprice around 1 milj batn aint cheap if compare whit condominiumcomplex in Pattay and other beachareas......for smaller apartments around the startprice can be around 650 k. They just finished a big condominiumcomplex in Pattay where the startprice is 650 for a studioapartment around 40m2

Also.....how can they go around the thailaw whit a 100% foreigner ownership.......Thats sounds weird to me!

I could well be wrong but I thought that Thai Law restricted foreigners from owning land, not property.

My impression has always been that as long as a Thai owns the land on which a property is built (as with flats/condos) then there is not a problem.

Obviously, a potential purchaser would need a "watertight", long term lease with a fixed groundrent but assuming that was met I would have thought everything should be in order, from all sides.

I also have problems with the design. Aesthetically the building has no character. The Reception should always be on the Ground Floor. Apart from the aspect of old people getting up and down, the staircase is a needless expense.One and a half floors are used up for the pool and the reception;more waste.

Is it not possible to put the pool in the yard and create a relaxation area?

It is not easy to deduce from the picture but the condo balconies appear very small.

Don't think this is the actual Design splasher, just an Artists impression at this stage ??

Splasher you can't move the staicase, it is the fire escape route ;-0

Why you all dont wait till the final plans exist before you all start bagging as Aardvark says it's only an artists impressions at this stage, as for stairs as splasher complained what if there is a fire you cant use elevators.
Bubs

Let me rephrase my earlier statement. A staircase, as large as the one depicted, from the Ground floor to the 1 st floor is a waste of money. If the reception was on the ground floor, and thus the elevator as well that staircase would be superfluous.

And of course there should be a staircase from Grd floor up to the roof. In fact most country's building codes require two..on opposite sides of the building.

I would imagine a 70 plus appartment development would have a deisel generator in the plant room for back up power, this should cut in automatically when the power is off, it would power emergency lighting ie; one light per appartment, lighting in passageways and staircases, lifts and pumps for the water system so as toilets etc can be flushed. This is normal procedure for safety in case of fire etc. I do hope the developer is factoring in these things especially if its being marketed as a 'westerners condo.'

zoomzoom wrote:

kjellsnell wrote:I think it is a god idea but....

a startprice around 1 milj batn aint cheap if compare whit condominiumcomplex in Pattay and other beachareas......for smaller apartments around the startprice can be around 650 k. They just finished a big condominiumcomplex in Pattay where the startprice is 650 for a studioapartment around 40m2

Also.....how can they go around the thailaw whit a 100% foreigner ownership.......Thats sounds weird to me!

I could well be wrong but I thought that Thai Law restricted foreigners from owning land, not property.

My impression has always been that as long as a Thai owns the land on which a property is built (as with flats/condos) then there is not a problem.

Obviously, a potential purchaser would need a "watertight", long term lease with a fixed groundrent but assuming that was met I would have thought everything should be in order, from all sides.

Not sure what you're trying to say. It's always been within the scope of Thai law for anyone to lease a living space.
The attraction of ownership is the ability to sell or pass on the condo you own; with a lease you don't have this option.

There is no way around the Thai law concerning foreign ownership capped at 49% of the TOTAL SQ. METERS available (NOT 49% of the # of units) with a project of this kind.

What Zoom Zoom is saying Love da Blues is a land lease, not the same as renting a house for one year although similar, If I am buying a house I can get a Thai ie, wife, friend, lawyer what ever to lease the land for 60 years or what you want or can get, in a Thai name, you then do not pay monthly or yearly rent, in a way its yours, the house is in my name, the land not, if I decide to sell after ten years which can be done it would be sold with the remaining time left, fifty years. Its a real grey area and soon some of these leases will be coming up for renewal, I for one am waiting to see what will happen. If you are old and have no dependants leasing is probaly ok, if you want the property in your control you must set up a Thai company which owns all, your company owns the land and you lease the land from your company, which makes the company a business however you then have to have a company audit every year and pay taxes etc so you will be paying 20 to 30 k each year. Your Thai company will have you as director owning 49%, you then have two Thais as directors who do not know each other owning 25% and 26% giving you control, your lawyer will have signed resignations from the two Thai directors undated sitting in the filing cabinet. Or you can put it in the wifes name and hope for the best as I have done!
The Udon condos I would think will be on a lease agreement?

No coxo you have it wrong. Go back through the Posts and you will see that the Condo's will be 100% owned by the Falang Byer, and the Land will be retained 100% by the Thai Developers !!

Aardvark, is that a question mark after my sentence, I wonder if that means I am asking a question not making a statement, so as you say please read before commenting. And lets just see what happens.
What you are saying is the building or condo is owned by the buyer, whether that be Westerner or Thai and the land retained by the Thai developer, would the owner of the condo then have to have some form of legal agreement with the land owner, I think I would, maybe that would be in the form of a lease agreement?