PattayaMale Posted January 21, 2011 Posted January 21, 2011 The title of the post about Rob Astbury (sp??) became about View Talay and Ocean 1. I had a question so started a new post. I heard that many investors (buyers) of Ocean 1 wanted their money back due to all the delays but the contract was worded in such a way that they could not. Rumor to be sure but any truth to it?
Bob Posted January 21, 2011 Posted January 21, 2011 I dont think this is the place for hearsay, Gossip and unfounded allegations, innuendoes Huh? Without that, how will you ever be able to post again about the "inside" scoops you always seem to have? Maybe I'm simply nuts but didn't you just post the following comments on the Astbury thread: "...it would not be right for me to announce future developments here, that I have been told in confidence, but I can tell you amazing things are going to happen there in the near future..." Is that assurance, based on your inside information, just as accurate as the pronouncements by the developers in 2006 and 2007 that construction would soon begin and be finished in 2012? I don't really care if potential buyers have actually deposited money for units in this proposed project. But, based on Darwin's theory that the human race is supposed to be becoming smarter as we evolve, I sure as hell hope not.
Guest HeyGay Posted January 21, 2011 Posted January 21, 2011 Huh? Without that, how will you ever be able to post again about the "inside" scoops you always seem to have? Maybe I'm simply nuts but didn't you just post the following comments on the Astbury thread: "...it would not be right for me to announce future developments here, that I have been told in confidence, but I can tell you amazing things are going to happen there in the near future..." Is that assurance, based on your inside information, just as accurate as the pronouncements by the developers in 2006 and 2007 that construction would soon begin and be finished in 2012? I don't really care if potential buyers have actually deposited money for units in this proposed project. But, based on Darwin's theory that the human race is supposed to be becoming smarter as we evolve, I sure as hell hope not. Well if you have seen any inside scoops from me and you can prove them wrong I'm sure you would have been the first to let the World know, as many others, so No way would I be stupid enough to say things that can be proven to be lies now that would be stupid. As for you being Nuts, like the confidence that was trusted to me, about the future development of OCEAN 1 now would you build in this financial atmosphere, of course not!!! so think what you're saying before you put your foot into it, I'm sure your psychiatrist would not betray whatever Information you had given him about your personal circumstances.
Guest gwm4sian Posted January 21, 2011 Posted January 21, 2011 I heard that many investors (buyers) of Ocean 1 wanted their money back due to all the delays but the contract was worded in such a way that they could not. Rumor to be sure but any truth to it? I have no direct knowledge of Ocean 1 contracts, but I have seen such clauses in common use in other condo developments.
Guest Posted January 21, 2011 Posted January 21, 2011 Could we keep the debate courteous please? There is no need for terminology such as "spewing out poison pen..." , certainly not in response to the initial post. By all means challenge the comments in a polite & factual manner.
firecat69 Posted January 22, 2011 Posted January 22, 2011 I can't believe that there are people who still believe in this baloney that these Charlatans with Ocean 1 try to foist on people. If you go to their site they are trumpeting the world class Concrete plant that has been built there for the project. How stupid do they think people are. I can show you 10 plants in Bangkok that make this thing look like the joke it is. Was it PT Barnum who said there is a sucker born every minute. That definitely applies to anyone investing in Ocean 1 Maybe in 5 more years they will stick a shovel in the ground and get some more suckers!!!
Guest gwm4sian Posted January 22, 2011 Posted January 22, 2011 What is the fuss about? Can anyone give examples that set Ocean 1 apart from many many similar condo developments that have yet to be built? I don't think so. Other than the scale and size.
Bob Posted January 22, 2011 Posted January 22, 2011 What is the fuss about? Can anyone give examples that set Ocean 1 apart from many many similar condo developments that have yet to be built? I don't think so. Other than the scale and size. You're probably right although part of the fuss involved in this project was the level of hype spewing out from the developers in general and, more particular to this and another message board, the amount of hype/hyperbole that emanated from a poster. This project, afterall, was touted as the highest residential building in the world (that's right, not just Chon Buri or even Thailand but the entire world). As concerns firecat69's comments about the alleged "concrete plant" there, it's not much of a concrete plant and, more importantly, it's been used to make and transport concrete for other things outside of the so-called Ocean 1 site. So it's almost meaningless other than the insinuations by the developers that it's being used for this project (which it most definitely isn't as physically on this site no project exists).
Guest HeyGay Posted January 22, 2011 Posted January 22, 2011 What is the fuss about? Can anyone give examples that set Ocean 1 apart from many many similar condo developments that have yet to be built? I don't think so. Other than the scale and size. Yes my sentiments exactly, all here say and allegations, with no substance, as if anyone would take notice of,
bkkguy Posted January 22, 2011 Posted January 22, 2011 Yes my sentiments exactly, all here say and allegations, with no substance, as if anyone would take notice of,
Guest HeyGay Posted January 22, 2011 Posted January 22, 2011 yet most of your posts are based on what your "friend" or "trusted source" has said. alright - ask your friend how many court cases he and/or Pattaya Properties have been involved in over the last 10 years and report his answer here as "fact" not "here say and allegations, with no substance" bkkguy Your making the acusations, why would you have to say such lies with out foundation, if you dont have a secret agenda.
firecat69 Posted January 22, 2011 Posted January 22, 2011 "Facts please, backed up with proof that is what I'm looking for, not fantasy allegations." Get on your little motorbike and drive down to the site and then tell us about the World Class Concrete Plant. Take pictures please. They are a bunch of hype merchants and even though anyone with a brain understands that this project will not see the light of day in the next 10 years, they continue to put bullshit like that on their website. Their is no world class concrete plant and what is there might be able to provide concrete for a building of about 10% of that size. Lets see what you have to say about that as well as the number of lawsuits against the company???
PattayaMale Posted January 22, 2011 Author Posted January 22, 2011 Fact from the lips of the Executive Director: Work on Siam Best Enterprise Company´s Bt12 billion tower, which will be constructed at Pattaya´s Jomtien Beach, is scheduled to kick off at the end of March 2008. “We planned to break ground last year,” said Bruno Pingel, the company´s chief executive. QUESTION: Did this happen? construction is about to commence!! We know this, because someone has published a mail from Rob Astbury, the sales manager, where he said (in December 2009) “Last week we signed a contract with one of the largest construction companies in China and it is planned for construction to start in February 2010. It is anticipated the building will be compete in four years.” Excellent news indeed! Question: Did construction start
Guest HeyGay Posted January 22, 2011 Posted January 22, 2011 Fact from the lips of the Executive Director: Work on Siam Best Enterprise Company
Guest fountainhall Posted January 22, 2011 Posted January 22, 2011 What is the fuss about? Can anyone give examples that set Ocean 1 apart from many many similar condo developments that have yet to be built? I know precious little about Ocean 1 apart from what I have read in a couple of articles. Reading this thread made me check out the Ocean 1 website. In the sub-section dealing with “Our Partners”, the site lists Woods Bagot Thailand. The exact quote re Woods Bagot is - The firm is a recognized leader in professional design services in South East Asia, Australia, Europe and the Middle East with established Asian offices in Bangkok, Kuala Lumpur, Hong Kong and Beijing. So I googled Woods Bagot Thailand. Up came Woods Bagot. On its main site, there is mention of their Asian offices in Beijing and Hong Kong. There is none in Thailand. It lists projects in China, Hong Kong, Malaysia and India. There is none in Thailand. Back at google, I found another site – The Phuket Insider. It has an interesting comment dated 3 July 2009 – Leading design firm Woods Bagot Thailand has now become 'The Beaumont Partnership', as a result of severing ties with the global design firm. I spoke to CEO Tim Beaumont yesterday who expressed a wider long-term vision that after operating under a brand for 17 years, the company was now poised to move forward both here in Thailand and in the developing overseas market. http://www.thephuketinsider.com/real_estate/woods_bagot_thailand_reforms_beaumont_partnership.php The above leads me to ask a number of important questions. Question No. 1. Why is Ocean 1 still listing Woods Bagot Thailand a partner a whole 18 months after it changed its name? Surely it should be listing The Beaumont Partnership as the design partner on Ocean 1? This fact alone would make me suspicious as a potential buyer, as it must throw into question the validity of other information on the Ocean 1 website. Question No 2. Back at google, I check The Beaumont Partnership. Sure enough, it lists Ocean 1 as one of its projects. Yet no start or completion dates are listed. Question No. 3. In the Ocean 1 website Bulletin Board, there are lots of news items. The last is dated 16th March 2009 – almost two years ago. Why no bulletin in such a long time? I do not know of any other developer of such a major project that is so haphazard in the information it gives out on its website. If I were a potential purchaser, it would concern me. As they say, caveat emptor.
TotallyOz Posted January 22, 2011 Posted January 22, 2011 I am not involved in Ocean 1 and I gain nothing from its success or failure. But, before this great venture is built, I'd love to see the infrastructure in Pattaya improved to handle such a massive building. Better yet, how about before 100 more View Talay buildings are built is it possible to see the ocean cleaner? or the roads improved?
Bob Posted January 22, 2011 Posted January 22, 2011 This is what the "Ocean 1" site looked like last March and it looked the same a month ago. One can see nothing on the site other than the "cement plant" (those three blue stacks are stacks used to mix cement and cement trucks which are loaded on occasion are driven to other locales for use of the cement there). You'll also notice perhaps that the site is not on the ocean (the developer's website says that the development is 250 meters from the beach and, while I didn't measure it, it seems quite a bit farther away than that). Okay, here's that FAB development:
Smiles Posted January 23, 2011 Posted January 23, 2011 Comments from some of the poor dupes who put money into Ocean 1 (ranging from 2008 to 2010): http://pattayajomtiencondos.blogspot.com/2008/09/ocean-1-tower-jomtien-gone-bust-or-just.html
Guest fountainhall Posted January 23, 2011 Posted January 23, 2011 This is the photo of the cement towers from the Ocean 1 website.
Guest fountainhall Posted January 24, 2011 Posted January 24, 2011 Facts please, backed up with proof that is what I'm looking for, not fantasy allegations. I believe I provided some pretty pertinent facts in my post #18 on this thread. Do you have answers to my questions?
Guest HeyGay Posted January 24, 2011 Posted January 24, 2011 I know precious little about Ocean 1 apart from what I have read in a couple of articles. Reading this thread made me check out the Ocean 1 website. In the sub-section dealing with "Our Partners", the site lists Woods Bagot Thailand. The exact quote re Woods Bagot is - So I googled Woods Bagot Thailand. Up came Woods Bagot. On its main site, there is mention of their Asian offices in Beijing and Hong Kong. There is none in Thailand. It lists projects in China, Hong Kong, Malaysia and India. There is none in Thailand. Back at google, I found another site
Guest fountainhall Posted January 24, 2011 Posted January 24, 2011 With all respect, HeyGay, your comments contain precisely one fact, which you then repeat - and that seems to be a well known one! I would certainly regard that as very far from satisfactory if I were in fact a potential buyer - which I am not. If, as you suggest - the problem has been getting various licenses the Thai Government held up until they were satisfied with the strength of the buildings and environmental issue - then, far from letting the website lapse with virtually no new information posted for the better part of two whole years, I would expect any responsible developer to be updating the site on a very regular basis. There is so much that could be said in regard to a huge building of this nature - if a developer were actively working on a project. But there's nothing! You also do not answer my Question No. 3. "Ditto" is not a factual answer. In fact, it is no answer at all because my question has nothing whatever to do with permits or delays arising therefrom. I would also wish to ensure that all of the information on the site was 100% accurate. In the case of Ocean 1, it is not accurate, as I have pointed out. As I said, I knew little of Ocean 1 until it was addressed on this thread. I do know something about PR, however. If you have one major inaccuracy on your site, you throw yourself wide open to legitimate criticism about the validity of all the other information you post. Developers of a project of this size and complexity just can not afford that sort of negative PR because the effect on sales can be devastating. So, notwithstanding the permit issue, what valid reason do they have for not having regularly updated their site over almost two years? It is also clear from my very basic research that Ocean 1 has in the last year come in for a barrage of comments; some good, most pretty poor. A website is one of the first lines of PR defence. From my perspective, those behind Ocean 1 could be doing a vastly better job at defending themselves. Yet, the absence of any defence of any nature - apart from "we're waiting for permits" - lays them open to far greater concern, in my view. Since you seem to know more about this project that you are prepared to reveal (entirely your privilege), perhaps you might persuade someone directly involved to post some more detailed and much more up-to-date information on their website.
