Bangkok, Aug. 3-ANAN clarified through the page to speed up finding a solution in the case of “Ashton Asoke” proposing to amend the construction permit. Submit a review of land rights, entrance-exit from the MRTA, preparing to discuss with the bank to reduce the interest of co-owners in condo installments

Ananda Development Company Public Company Limited (ANAN) publishes an explanation document via the Ananda Development Facebook page that due to events related to the judgment of the Supreme Administrative Court Ashton Asoke Project on July 27, 2023, Ananda MF Asia Asoke Co., Ltd. (“the Company”) would like to inform you of the progress of the operation in order to find a solution for you, the co-owner and Clarified additional issues as follows:

1. Solutions for the case of construction permits The Company is in the process of considering solutions, which have several possible solutions as follows: 1.1

Apply for a new construction permit by purchasing or finding additional land.

1.2 Proposed government agencies to amend relevant laws through Bangkok Public Works Department to the Department of Public Works and Town & Country Planning ministry of interior to the cabinet

1.3 Proposal for government agencies to amend relevant laws through MRTA Proposing through the Ministry of Transport to the cabinet

1.4 Coordinate the original owners. To submit a review of the land right to enter-exit from the MRTA to review the original land right before expropriation. The entrance-exit should be at least 12-13 meters in order to be able to enter tall and extra-large buildings.

1. Submit a petition to the Administrative Court requesting a new trial and adjudication. because there is new evidence change the facts

2. Guidelines to help Regarding loan installments of co-owners who have obligations with financial institutions during the past period, the company has accelerated coordination with many financial institutions. To alleviate the trouble of loan repayment of co-owners who still have obligations with financial institutions, the company has invited various financial institutions. attend the meeting

2.2 The Company requests financial institutions to consider other

measures to reduce the burden of installments . Currently, it is awaiting the results of consideration from financial institutions. When receiving any progress, the company will notify the co-owners as soon as possible.

3. Other additional clarification issues

3.1 Issuing a building permit with conditions The issue of reservations that the BMA stipulates that the Company shall be responsible for any damages incurred to the Company and those involved If the decision of the Administrative Court is final that the project is contrary to the building control law

Such facts appear only in the construction certificate (Aor. 6), which such documents BMA issued to the company after the construction project is completed and has been sold to customers. There has never been a message like this appeared in the license at all, and the company intends to continue solving the problem together with the BMA.

3.2 Terms of Ownership Transfer and acknowledged the status of the case. Since the customer has traded a condominium unit with the company in the order as follows

-In the beginning that the company was unable to transfer the ownership within the period specified in the purchase and sale contract, the company requested an extension of the ownership transfer period. By informing the case of the project to the customer. Along with offering 3 guidelines for customers to consider, namely (1) terminating the contract and refunding money (2) relocating the project as specified by the company (3) if holding the contract until the end of the extension period (March 26, 2019) will receive a discount on the transfer date at the rate of 7.5% per year of the total amount paid For customers who choose to accept the transfer of ownership, the company has sent a thank you letter. as well as notifying the status of the case of the project for acknowledgment (Out of a total of 766 booking customers, 244 customers canceled contracts, 4 moved projects and 518 were waiting to transfer ownership after the company has informed customers of all 3 approaches)

– Subsequently, the company sent documents to inform the status of the case of the project. in the notice of ownership transfer of mining room to every customer Most of which have been signed acceptance.

-For customers who buy and make a contract to buy and sell from 2018 onwards, be informed of the status of the case. As the company has informed in the memorandum attached to the contract to buy and sell the condominium, therefore, the project’s customers have always been aware of the status of the case.-Thai News Agency

Source: Thai News Agency