Today, August 16, 2021 - The Thai Condominium Association has issued a plea regarding the Central Administrative Court's ruling to revoke the construction permit for the condominium project on Asoke Montri Road. The details are as follows:

Subject: Ruling of the Central Administrative Court to Revoke Construction Permit

In the case where the Central Administrative Court has ruled to revoke the construction permit for the condominium project on Asoke Montri Road, which has been completed and occupied for over two years.

Upon investigation, it was found that the developer was granted permission to use the access road from the Mass Rapid Transit Authority of Thailand (MRTA), received approval for the Environmental Impact Assessment (EIA) report from the Office of Natural Resources and Environmental Policy and Planning (ONEP), and obtained a construction permit from the Bangkok Metropolitan Administration. Additionally, they had a connection permit approved by the Traffic and Transport Department and the local district office, and the condominium title deeds were issued by the Land Office, transferring ownership to consumers with mortgages from financial institutions. Each process involved verification and approval from various agencies, each with their own specific expertise. However, the final ruling stated that the construction project was not conducted correctly.

Regarding this matter, the Association is concerned about the implications of this event, as it will have widespread effects on both Thai and foreign citizens who have purchased residences, banks that provide project and housing loans, and the real estate development industry, which is interconnected with many other industries. This also includes ongoing and future investments in condominium projects in Thailand from both Thai and foreign investors.

Therefore, the Association appeals to the relevant authorities responsible for oversight and/or those with the power to grant various permits to review and clarify regulations to ensure consistency in their implementation. This is to prevent any future issues related to interpretations or disputes over rights similar to those mentioned above, and to avoid conflicts regarding who will be responsible for compensating consumers directly affected, as well as the damages to both Thai and foreign investors. This will help ensure confidence in the Thai government's permits and foster sustainable investment in the Thai economy.

The Association hopes that this matter will receive a positive and fair response from the Thai authorities for all parties involved, and that clearer guidelines will be established in the near future.

Thai Condominium Association