Tuesday 15 January 2008

Today Is View Talay Day!

Latest news is that there is to be a court hearing today, 15th. January.

View Talay Day!

Rumour has it that the court has already reached a decision, and View Talay has won the case. However, this is as of yet unconfirmed. So watch this space for updates!

Anticipation

This decision seems to have been anticipated by View Talay. There has been some heavy equipment deliveries to the View Talay 7 construction site since early January, with increased work activity. They have stacked building materials on top of the 4th floor.

In addition, they have made some smart moves whilst construction was limited by the courts.

Firstly, they wrapped the site in enormous tarpaulins, which would have prevented any corrosion in the rebar. It's amazing to see construction projects abandoned here - sometimes for years - and left open to the elements. Rebar corrosion will weaken the structure enormously. NorthShore is a good example of this. It was designed as a hotel, but uncompleted due to financial problems and left as a rusting shell for years before Raimon Land purchased it, and marketed it into a "luxury condo" project. Those units are tiny, but have been selling at outrageous prices.

Secondly, while they could not build View Talay 7 higher that four floors they spent the time building interior walls, and even the balcony railings are in place for those four floors.

The Fat Lady Is Still Singing

However, it's not over yet. As above, the final decision of the court is unconfirmed. Of course the complainants from Jomtien Plaza may file appeals, and it is likely that View Talay will file a counter-suit against the complainants for costs and compensation.