Thailand Real Estate Magazine

Raimon Land

Luxury property developer Raimon Land has signed a memorandum of understanding with Standard Chartered Bank (Thailand), to provide potential investors in the recently completed 176-unit The Lofts Yennakart condominium, with a range of complimentary services until September 30, 2008.

The benefits will include a free appraisal for all The Lofts Yennakart condominiums by the bank for potential buyers and bank handling charges for any loans relating to the purchase of a condominium at the development, plus a 0% interest rate for one year as opposed to MHR-0.75%.

New customers who utilise the bank’s loan drawdown services will also be entitled to vouchers at PowerBuy, a leading retailer for white and electronic goods found in all Central Department Stores.

For a loan drawdown amount of less than THB 5 million, customers will receive a voucher for THB10,000. For THB5,000,001 to THB9,999,999 customers will receive a voucher for THB30,000 and for more than THB10 million a voucher for THB50,000.

Standard Chartered Bank

Moreover, anyone who draws down before August 31, will receive the added bonus of two domestic flights on Thai Airways International to a destination of the customers’ choice. The ticket does not include the fuel surcharge or taxes.

Raimon Land Chief Executive Officer, Nigel Cornick, said: “We are pleased to be able to offer new customers at The Lofts Yennakart this additional value and security as a result of our partnership with Standard Chartered Bank (Thailand) to purchase one of the few remaining units at this superb luxury condominium development.”

Three types of two-bedroom units between 67-93 square metres are available for THB5.7 to THB7.9 million, while the four categories of three-bedroom units cost between THB12.3 to THB15.7 million.

The Lofts Yennakart penthouse unit has been chosen as the official residence and location for the shooting of new reality TV series “Superstar”, the location in which the memorandum of understanding was agreed and signed.