📌 This document compiles facts and a chronological timeline so that co-owners have complete information before deciding whether to sign in support. It is not intended to accuse any individual.
A group of co-owners noticed unusual figures in the financial numbers and therefore requested documents. Over the past 7+ months (Feb–Aug 2026), the group has requested financial documents and asset information from the juristic person management and the (currently 3-member) committee, but has still not received complete information.
At the upcoming Extraordinary General Meeting expected around October 2026, we are requesting that an additional agenda item be added:
“Consider appointing additional condominium juristic person committee members.”
This is to share the workload, bring more diverse perspectives, and increase transparency in management.
⚠️ Current assets (cash and short-term investments) have clearly decreased every year—from 21.4 million in 2022 to 14.93 million in 2025—and budgets have been set to run deficits for at least 3 consecutive years.
In 2025, the reserve fund balance was 6,000,000 THB / accumulated revenue at year-end was 8,195,364.23 THB (down from roughly 14–16 million THB in each year from 2021–2024). From the July 2026 financial report: reserve fund balance 6,000,000 THB / working cash and accumulated revenue 7,202,990.37 THB.
From past financial statements, the accumulated common fund balance shows a continued downward trend. Meanwhile, common area fees are still collected at the same rate, but deficit budgets have been set for at least 3 consecutive years—resulting in special additional expenses every year. Currently, what co-owners pay in total (common fees + additional charges) is approximately 55–60 THB/sq.m.
This raises key questions:
What exactly are the juristic person’s true sources of income? What is the money being spent on? And are expenditures in line with the budget plan approved by co-owners at the General Meeting?