The news talk about shareholders support 8 conlay. But the one constructing and doing the labor work is not shareholders.

i see... get misleading by the article. thanks for the clarification.

Usually this kind of "pull hand brake" scenario implies that the developer / client is a bad paymaster. No main contractor will pull hand brake to offend the client/ developer for no reason. For the main contractor to arrive at this point = they have very strong paperwork / evidences that the client/ developer have breached the contract & situation are in favor for the main contractor.

One solution to complete the project is to sell the hotel block. And the developer may incur losses and lost of face, a very bitter pill.

Sg obs, Thai cpb and Thai CG could be interested.


This post has been edited by icemanfx: Aug 25 2022, 07:31 PM

Money in owner’s pocket… I thinks is very difficult for main contractor to get the outstanding… Better write off rather than keep bleeding

They may well have to. The main TRX buildings cost about 9 bn and 118 is about 5 bn. These are government agencies to boot. For a private company to take on a 5 bn project as a first timer is madness. They simply won’t have the same tolerance of loss.

Everyday delay in completion, loan interest is mounting and site conditions deteriorate i.e will cost more to complete.

This does make sense. You wouldn't want to offend the company that gives you business is a general logic. They would have thought and discussed about it so many times before undertaking such action. After doing this stop work order it seems like they are already prepared to not continue the contract.

too ambitious project but i really prefer to stay in quieter area with less tourist n traffic jam... architecture loook good looo ..

too designer for me the interior hahaha .. they spent a lot on marketing n now so kerlian ar..

When you are young (say below 35 or 40), you probably will like a vibrant place close within or close to the city centre or vibrant suburban areas with huge shopping malls & commercial areas.

But once you are beyond the abovementioned age, you probably prefer quiter suburban neighborhoods, but with easy access to nearby commercial areas / shopping malls (e.g. 10 min drive)

well, this is true at least for me, and many people I know

A group that hasn’t been looked at in much detail are the perennial career singles or single retirees. It will become much more of a norm in years to come. They are appreciating city life a lot more.

actually so wish can stay in those new york city or melbourne wat .. go out many cafe and shops... but here city centre so busy and hectic plus so 'chap' (rojak)... no good feeling.. BB/sg wang area full of dodgy massage place or arab stuff.. takkan just go pavilion only..

How many in number and %?

Don’t have an answer for you. Gotta refer to demographic studies. It’s anecdotal because those are the circles I hang in.

if i don't know why would I waste time with you here. actually is a waste of time with you. i know that's why I said you don't know. get that. just too young too shallow. again didnt mince my word, you are being libelous not just about the questioning, is about simply putting things completely in your perspective (don't forget you made your basic calculation) then you make your conclusion.

Apa status now ? Or they busy with more marketing events ?

Actually the woes could be with the contractors themselves. Until someone sheds some light on what is going on, we’re all speculating.

Fixed price contracts have come to the fore as being a big issue for many large scale construction projects.

This post has been edited by Cavatzu: Aug 28 2022, 04:52 PM

if deep pocket why suddenly stop project? come out in all the papers. not the first time got major issues like this.

I voiced my opinion based on publicly available information and I welcome those with deeper knowledge and better insights to prove me wrong. I am not an insider and this company is a private company, so I can only make my own assumptions for certain things. Just by making some calculations is considered libelous? Then all analysts, content creator, bloggers should be sued in court because they do this all the time.

I asked you where is your evidence? What are their other assets? How much is their net worth? If you can provide those answers, then I can check back my assumptions and admit that I am wrong. But you never answer any of the questions. Just because you say you know, everyone should believe in you?