Bangkok--22 Oct--Francom Asia
Raimon Land released the first units in the North Tower of its prestigious Bangkok riverfront condominium project, The River, on 14th October, to meet strong demand. Following the release, nine units were sold immediately to Thai nationals.
With the sales volume reaching the halfway mark of the targeted THB13 billion in June, Raimon Land released the South Tower’s upper-floor units earlier than planned. Higher than expected take up has again prompted the luxury real estate developer to release the units in the North Tower.
Raimon Land Chief Executive Officer, Nigel Cornick, said this strong performance reflects the positive sentiment held among investors in spite of the world's financial crisis and political troubles in Thailand.
“Releasing these additional units demonstrates the market’s confidence in the long-term prospects for high-end property investments in Thailand. This is particularly true of the high-quality, upscale condominium sector, which is driving the market forward,” Mr Cornick said.
“The upcoming releases of Raimon Land's two most luxurious projects to date, Amalfi in Phuket and 185 Rajadamri in Bangkok, further reflect our belief that Thailand’s luxury property sector can continue to expect sustained demand throughout the year. It also sends a positive signal to international investors considering strategic property purchases in the country,” Mr Cornick added.
The River’s North Tower unit mix consists of 62-64-square-metre one-bedroom units in the THB5.6-7.4-million range, and nine 132-square-metre two-bedroom units priced between THB18.4 and THB20.8 million. Three larger two and three-bedroom units on the upper floors are available starting at THB26.5-51.8 million.
From the launch of the 851-unit project in March 2007, when the limited number of units released were sold out within three days, through June 2008, Raimon Land has incrementally released 492 condominiums, selling 418 of them for a total of THB7.7 billion, a figure more than 55% of the way to the project’s targeted total sales of THB13 billion.
The prestigious The River condominium project is the focal point of Raimon Land’s overall marketing initiative to develop and promote an exclusive lifestyle community on the Chao Phraya River.
One of the innovative tools being used to heighten awareness of the river life campaign and nurture the concept of a new stylish way of living on the banks of the famous waterway is The River Life magazine.
The latest issue, recently released, features a cover story that showcases the work of five renowned photographers who present their images of rivers in China, Germany and Thailand capturing the unique character of life on the banks of a river.
Other stories include subjects covering heritage, design, society, art, culture and dining — as well as insightful commentaries by some of the world’s most influential architects and planners at the recent “Bangkok River City” workshop series held in conjunction with Les Ateliers, the Bangkok Metropolitan Authority and Raimon Land.
The River Life magazine can be downloaded from
For more information please contact:
Walaiklao Kumwong
Raimon Land Public Relations
C/O Francom Asia
Tel: 02 233 4338 or 39
Fax: 02 236 8030
E-mail:
Kwanrudee Maneewongwatthana
Senior Vice President Communications
Raimon Land PLC
22nd Floor, The Millennia Tower
62 Langsuan Road, Pathumwan,
Bangkok 10330
Tel : +66 (0) 2651-9600 to 4
Fax : +66 (0) 2651-9614
E-mail : [email protected]