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Nova Ocean View
Unit sizes will range from
43.87sqm up
to 116.64sqm and start from as little as 1.8 million baht.
Nova Ocean View Residence Pattaya is the latest 5 star
condominium development by the Nova Group, one of the most successful developers
in Thailand and is situated in the up-market Pratumnak area, highly sort after
for the higher end of the Pattaya property market.
 An
artist’s rendering shows the completed Nova Ocean View Residence building.
Nova Ocean View condominium is an 8-story 79 room luxury building with rooftop
terrace and swimming pool with stunning views overlooking the sea. It has an
ultra modern design with sub level parking area and convenient access. The
ground floor incorporates a state of the art 5 star lobby and security system,
gym and fitness centre, also with a commercial section reserved for a popular
themed restaurant and café chain.
Nova Ocean view is located in the very popular beach resort area of Pratumnak
Soi 6, only 300 meters from Her Majesty the princess of Thailand’s estate, and
only a short stroll to the beach and restaurants. This area is also home to many
up market hotels, The Royal Cliff and The Sheraton to name but a few.
This location is a very popular choice for clients who prefer to be in a quality
beach resort area, but not too far from all the nightlife, restaurants and
hospitality that Pattaya has become world renowned for.
There are many unit types to choose from, ranging from 43.87sqm up to 116.64sqm
with standard features including air conditioning, fully fitted kitchens and
beautiful bathrooms with quality tiles and fittings. With units starting from as
little as 1.8 million Thai baht there has been a terrific early response to the
project with over 20% of the units sold before construction.
Construction is to commence on the development in December, with the showroom to
be completed within the next 4 weeks.
For further details contact the sales office on Tel. +66 38723601 or look the
website www.novaoceanview.com
Thailand Property Awards register 300% increase in nominations
Entries expected to be competitive -
judging panel to be made public
Bangkok(PR Log) – Following an active period of nominations for the 2009
Thailand Property Awards, well over 1,000 nominations were received which
represents over 300% increase on last year.
“We’re taken aback by the response. The number of nominations has been a
surprise this year and as a result BDO Richfield Advisory Limited have done a
fantastic job checking them all against the eligibility criteria,” said Duncan
Worthington, Managing Director of Ensign Media, organisers of the awards.
All nominations were collated by the organisers and passed on to BDO Richfield
Advisory Limited whose role it is to check the eligibility of nominations
against the awards eligibility criteria. This is a very important stage, and due
to the large number of nominations beating everyone’s expectations, the process
has taken longer than normal.
“After BDO Richfield’s checks, we received a final list of nominations. Some had
to be discarded due to not meeting the awards’ eligibility criteria, but the
number in each award category is still well in excess of previous years, and we
are expecting very competitive entries as a result,” added Worthington.
Judging Process
The Judging will be similar to previous years with the first round of
judging producing a short list of up to five in each of the development
categories. These short-listed developments will then be inspected by local
judging teams in Bangkok, Eastern Seaboard, Phuket, Samui and Hua Hin
respectively.
The significant change in the judging process this year is that a panel of
judges, sourced from the real estate industry, will review entries and submit
their short-list of up to five per award category, to BDO Richfield Advisory
Limited. The panel will then meet, discuss and select the final short-list of up
to five per award category.
In 2008, a selection of anonymous judges from around the country used a scoring
system whereby the highest five scorers made the short-list. This year a team of
independent judges will produce the short-lists through a consultative process
and the panel will be announced publicly.
“It is a significant change this year. We’ve had feedback that people would like
to know who the judges are. So this year we will announce the judging panel. We
are recruiting the panel now and are being selective to ensure fair
representation and no bias. The panel will cumulatively have nationwide
knowledge, be both experienced on the Thai real estate industry and in general
business, and a number of nationalities will be represented,” added Worthington.
Those short-listed in the development categories will then be contacted and
visited by local judging teams in Bangkok, Eastern Seaboard, Phuket, Samui and
Hua Hin, respectively. Following the site visits, the local teams will select
the winners.
Following their success in 2008 and involvement in the awards since the
beginning in 2006, BDO Richfield Advisory Limited have again been engaged by the
organisers to oversee the nomination, entry and judging process, and to ensure
all is transparent and fair. BDO Richfield Advisory Limited and the organisers
of the awards are not involved in judging the awards.
Gala Dinner
The gala dinner will be held on November 7, 2009, at the Grand Hyatt
Erawan Hotel in Bangkok, and the awards winners will be announced on the
evening. The format will be similar to last year: a wine reception followed by a
4-course dinner and awards presentation. The price is 35,000 THB (+VAT) for a
table of 10 and space is limited. Last year capacity was reached and some had to
be turned away. To avoid disappointment, it is best to book early.
Sponsors of the 2009 Thailand Property Awards include Gaggenau and Limcharoen
Hughes & Glanville as Co-Sponsors and Signity Thailand as Official Supplier.
Media Partners include Deluxe Property Vietnam magazine, i-Marketing, Luxury
Properties magazine, Phuket Post newspaper, Prestige Thailand magazine, Property
Report magazine, REIDIN.com and Thaizeit magazine. The British Chamber of
Commerce Thailand, The Lighthouse Club Bangkok and RICS Thailand are Supporting
Associations. The judging is supervised by BDO Richfield Advisory Limited and
the awards are organised by Ensign Media Co. Ltd.
For more information, visit www. thailandpropertyawards.com.
Counsellor’s Corner
David Tan
Question
I lease a shop space in a shopping complex, because I joined the
complex later than the other shop owners, my contract runs until the end of next
March. The other owners’ contracts expire this month and the landlord has said
he will not be renewing them. He is now trying to cancel my lease as well.
A couple of months back I spent a lot of money upgrading my shop and asked the
landlord if that was OK, he said yes. Now he is trying to get me out early and
the rest of the complex will be deserted for the high season even if I do get to
stay.
What are my options?
Answer
Firstly, is the landlord really the owner of the shop space or is he just a
sub-lessor, i.e. he leases the shop space from an owner and sub-leases the space
to you thereafter?
If the “landlord” is really just a sub-lessor, find out who the real owner of
the shop space is and contact the owner to lease the shop space (After your
lease has been terminated by the “landlord”).
If the landlord is really the owner of the shop space, peruse the lease contract
that you entered into with the landlord carefully on the following issues:
(1) When does the lease period end? Does it really end on March 30, 2010?
If it is provided in the lease contract that the lease period ends on March 30,
2010, then you should issue a written notice to inform the landlord that he is
breaching the lease contract by ending it earlier. If the landlord persists in
ending the lease early, you have the right to claim against the landlord in
court. The amount of money used for upgrading the shop can be included as part
of the damages claimed; and
(2) Are there any covenants or promises made by the landlord on letting a shop
space in a shopping complex with other shops being leased out?
Please note that if your lease contract is not made in a written form and signed
by the landlord or you, the contract will not be enforceable in court. If the
lease period is more than 3 years, the contract must be in writing, signed by
the landlord and you and the lease is registered by an official of the Land
Office. If the lease is not registered, it is enforceable in court for only 3
years.
Your options are:
(a) If, as according to your lease contract, the lease period ends on March 30,
2010, issue a written notice to the landlord as stated in (1) above.
If the lease contract was made verbally, this is still a valid lease contract.
Therefore, issue the written notice to the landlord and hope that he adheres to
the agreed upon lease period.
(b) Lease another better location and perhaps this may help to recover your
losses.
Note: David Tan is a Lecturer of Business Law at Asian University and
author of the book – “A Primer of Thai Business Law” (Second Edition), available
online at www.chulabook.com. In Bangkok, the book is available at all Kinokuniya
and Asiabooks bookstores. Any questions to David regarding lease of real
estates, business and labour should be sent to blas.inter@ yahoo.com.
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