Bangkok--29 Oct--Francom Asia
Luxury property developer Raimon Land is launching a Russian Department — to be based in Bangkok - to effectively court and manage increasing interest from the booming Russian market in its upmarket condominium projects.
The new department will be officially unveiled at the International Property Show Moscow 2008 being held from November 10 to 12, where Raimon Land is introducing three key projects - The River in Bangkok, The Lofts Southshore in Pattaya and The Heights Phuket.
Raimon Land Chief Executive Officer, Nigel Cornick, said: “The launch of the Russian Department is central to our long-term plans to better serve Russian investors, who are well suited to purchase our luxury developments.
“Interest from the Russian market in our high-end projects in Bangkok, Pattaya and Phuket is strong and we expect demand from wealthy Russians to persist even in these uncertain times.”
Since 2006, Russian and CIS residents have purchased THB745 million worth of real estate from Raimon Land to account for 23% of all condominium purchases from the company.
These sales figures coincide with the growing number of Eastern Europeans — a 65% leap in 2006 and another 45% in 2007 — visiting Thailand, and their destinations of choice closely align with Russian and CIS buyers’ preferred locales; 63% of their Raimon Land property purchases were in Pattaya, 28% in Phuket and 9% in Bangkok.
Director of the CIS Countries team Vadzim Tsitou, who is heading the new unit, added: “Setting up this department will show Russian buyers that Raimon Land is a serious upscale property developer that can meet their needs, grow their investments and deliver strong capital gains or rental returns for their properties.”
A Russian version of the Raimon Land website will soon be launched, offering promotional information about all projects around Thailand, downloadable buyer guides and detailed research. A direct toll-free call centre will also be set up to meet the needs of Russian investors.
Furthermore, Raimon Land is organising a property seminar in Pattaya in December to provide potential customers with the opportunity to study projects and ask legal consultants, property managers, investment consultants and other experts specific questions about Thailand property investments.
PRESS ENQUIRIES :
Walaiklao Kumwong
Raimon Land Public Relations
C/O Francom Asia
Tel: 02 233 4338 or 39
Fax: 02 236 8030
E-mail: [email protected]
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]