Ask here about the pleasures and pitfalls of buying, selling or renting property and real estate in Hua Hin. Building, design and construction topics welcome. Commercial or promotional posts for real estate companies or private properties are forbidden.
PKB thanks for the apology for refering to me being in the business when i aint,it will be very much appreciated when it arrives
I am presuming that as i am not a prospective customer or in the business (and only a NUETRAL observer) thats why i wasnt invited
But thats probably my martian paranoia elvis keeps telling me that
BB well done for your invite you obviously have a better left jab than me and quicker on your feet
we have been busy sorting out sevral things and I want to clarify some quieries.
Firstly the meeting on Monday will be held 11 am at Coco 51.
Secondly, many of you were worrying about the involvement of Khun T...
and salad. Very clear statement, they will not be involved, and they are not invited.
Thirdly, Vaughan is right, we only try to push things forward to form a regulatory body, which is to be run by impartial third party persons in the end, and developers and agents only have an input but no executive functions.
Fourthly, I like to propose the agenda for Monday:
- setting the standard for developers to join the "body"
We propose the bare minimum which is
- absolutely clean title, no power of attorneys to act on behalf, no agreement with owner of land when only 10 or whatever % down, must be 100% clean, bankmortgauges accepted if prooven that money is used for development.
- clear company set up and structure, no nominees. Minimum paid up capital required. To be discussed what that should be.
- building permit required
- setting the standards for the agents to join the "body"
We propose bare minimum again which is
- not to list and sell any development not complying to above 3 points.
- To discuss whether at all or to what extent the provincial authorities should or should not be involved.
- To discuss and propose impartial persons to head and run this body
- To hopefully come to a conclusion to at least try to set up such a body
One thing that immediately springs out is the 'nominee' issue. Would I be right in thinking almost all Limited Companies set up for foreigners businesses, developer and agent, have nominee shareholders.
That will need to be ironed out on Monday.
Agree about land titles and building permits, the body will have to regularly monitor developers to ensure compliance when new land/houses are introduced by developer.
Ok, I know all that company set-up problems, and the way it is done.
All I wanted to say is that there has to be a properly set-up company behind each developer or agent with a sufficient amount of paid up capital to support.
PKBCXKT wrote:Ok, I know all that company set-up problems, and the way it is done.
All I wanted to say is that there has to be a properly set-up company behind each developer or agent with a sufficient amount of paid up capital to support.
ok got it, so bob the builder who does a project but has no company formed is not allowed in.
that sounds more feasable
"All the otters don't understand me"
"We might make you bother"
PK you seem to be concentrating on finacial matters which are obviously important but just as important is track record, is this to be taken into account?
