Sunday, January 27, 2008

View Talay 7 - Admin Court Ruling - Implications for Present & Future Condo Projects in Pattaya and Jomtien Beach

View Talay 7 is on the move again. No it isn't going away - I am sad to say. It is once more going upwards, you know the way skyscrapers should when they are being constructed.

Now this is a fact. And about the only fact that can be accurately ascertained at this time. However the question is - why is View Talay now suffering from that Pattaya syndrome - an infrequent and unpredictable erection?

This sudden spurt, if you will excuse the pun, has certainly led to more questions than answers. For example why have they been allowed to start again?
Has the Admin court in Rayong ruled in favour of View Talay or are they just in favour of View Talay but not ruled yet?
Are you confused now?

That is another question. At the moment the questions keep piling up and the building keeps piling up.

If the court hasn't ruled and rules against VT7 in the future. Will View Talay be forced to remove the levels that exceed the apparently legal height of 14 meters? If the Admin court does rule, or has already ruled that they can go ahead what are the implications for condo projects in Pattaya that were built apparently legally at the minimum distance allowed to the beach only to find
that the goalposts have been moved and the referee is calling for a penalty.

That penelty will be extremely severe. It will open the door, or the goal, to any developer who manages to buy up land on the edge of the beach to build skyscraper after skyscraper. A veritable concrete wall along the beachfront of Pattaya and Jomtien beaches.

Future projects are in danger also. Take for example, and it's no small example Ocean 1 - that monolithic 90+ storey tower that is about to set it's concrete boots into the sandy soils of
Jomtien Beach. After months, nay years in the planning and millions of Baht if not millions of dollars at today's exchange rate the developers recently announced that they have received a building permit from City Hall.

When asked how the VT7 decision could affect the project a spokesperson pointed out that there was "no problem" as Ocean 1 is more than 200 meters from the beach.

Whoops!!!

So if View Talay is deemed to be legal that means that the 200 meters IN FRONT of Ocean 1 is going to become prime Real Estate. Who in their right mind is going to buy into the promise of uninterrupted sea views (at a premium price) when another monolith could spring up smack in front.

Funny old world isn't it?

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