It’s more than five years since the 91 floor Ocean 1 project was announced. Tallest building in Thailand, new philosophy of living, prestige, sophisticated, fucking expensive etc. etc.
Since then, nothing; apart from the installation of a concrete plant which served all the projects in the area, apart from Ocean 1 itself.
When it comes to horses, I have no particular interest in flogging dead ones; but, as I receive Ocean 1 related hits almost daily, it seems like there are some people who want to know what is going on. So here we go, with some photos to gladden the hearts of investors:
Yes, it’s the CEO of Siam Best Enterprises (the company behind Ocean 1) Bruno Pingel and a representative of the Pan China Construction Group, signing a contract for the construction of Ocean 1.
My personal investment is limited to two penthouses and an assortment of units on the lower floors for renting out to minions; something I could easily afford to lose; but I realise that there are others who have committed a significant part of their savings to this project. No doubt they will be very pleased to hear this news.
They may be less pleased to know that these photos were taken some fifteen months ago. Perhaps mobilising from China is a slow process.
Thanks to Soigirl for providing the photos.
Comments 🔗
2011-07-14| PsA_Batman saysI heard that the Chinese govt. offers low interest loans for some overseas projects that agree to use select Chinese construction firms. However they will not provide a loan for the entire project cost, only up to something like 80%? So I guess in this case perhaps Siam Best have signed one of these loans / agreements with Pan China, with the Chinese govt. providing a partial loan for the project to Siam Best. So perhaps the problem is that Siam Best haven’t been able to come up with the remaining 20% (or whatever was negotiated) even after using your deposit for the 2 penthouses and assortment of units?
Or it could just be one big scam and they’re going to keep the deposits….