Wow, just wow, another horror story case of where these condo/hotel companies take peoples money but never deliver the property
The suit says that the 157 had bought and paid for units in the project, but it was still unfinished, with work apparently halted.
The suit names Tulip Group (Bazis Development Co). The firm has been advertising an "iconic" Centara Grand Residence at Jomtien, and selling units since at least 2012. Ms Pannada said she was convinced to buy a condo unit for 20 million baht because of this architect's drawing.
Tulip Group is a Pattaya-based firm with Israeli roots. The CEO and founder is Kobi Elbaz.
It introduced Centara Grand Residence in September, 2012, as a condominium project on 10 rai in Pattaya's Na Jomtien area. Mr Elbaz said that when completed in 2014, it would comprise 283 condominium units worth 6.4 billion baht and 200 hotel rooms operated by the Central Plaza Hotel Group's Centara chain. It still has not been finished.
more here: http://www.bangkokpo...do-file-lawsuit
