The Pattaya, Thailand property market is growing in popularity and more big developers are expanding their investments in the area, The Nation newspaper has reported. Listed developer LPN Development is a new name in the resort town market. The company recently launched its first condominium project in Pattaya called Lumpini…Continue reading
Thailand’s luxury property developer Raimon Land has awarded the THB 2.4 billion (US$79.3 million) building contract for its 185 Rajadamri condominium project to Bouygues Thai, the local subsidiary of leading international construction firm Bouygues. Bouygues Thai will be responsible for the overall building construction including the management of sub-contractors for…Continue reading
Thailand’s listed property firms reported robust profits last year despite negative factors including political unrest, rising interest rates, and the end of tax incentives last June. Sansiri recently reported a consolidated net profit of THB1.898 billion (US$62.39 million) last year, rising 18 per cent year-on-year, on revenue of THB18.75 billion…Continue reading
Raimon Land’s latest condominium in Pattaya, Zire Wongamat, has made a promising debut, with 20 per cent of the 480 units being sold within two weeks after its official launch in January. According to an initial sales data, the project has attracted Thai buyers aged 40 and under from Bangkok….Continue reading
Two years of shoring up finances, restructuring and refining focus begin to pay off for luxury property developer. Raimon Land Plc, the listed luxury property developer, has spent the past two years addressing its financial problems, restructuring, refocusing its market and adjusting its business direction and strategy. The move seems…Continue reading
Thailand’s high-end property developer Raimon Land has awarded the piling contract for its latest development 185 Rajadamri to Pylon Public Co., Ltd. The piling work commenced last Monday and will be completed in January 2011. Officially launched in September, the project has been attracting potential buyers among Thais and the…Continue reading
Despite political tumult which has rocked Thailand ‘s stock market, Bangkok property prices have continued to rise. A shortage of freehold property, coupled with favorable tax changes and strong resale potential, have been propelling the property market. Land prices in central Bangkok have increased by 88% since 2007 and the…Continue reading
The listed developer Raimon Land will continue building luxury condominiums but with a new focus on larger projects and Thai buyers, a shift from its previous focus on foreigners, says chief executive Hubert Viriot. The previously troubled company has almost completed a financial restructuring, resolved its “internal issues” and is…Continue reading
Luxury condominium developer Raimon Land announced today the diversification of its product portfolio through the launch of its first lifestyle products: The Heights Private Residence Club, Northpoint Private Residence Club and The River Private Residence Club. The Private Residence Clubs will initially include three of Raimon Land’s properties in Thailand’s…Continue reading
Publicly-listed Thai condominium developer, Raimon Land PLC recently released their latest condominium research – Condominium Focus Thailand. Focusing primarily on Bangkok and Pattaya, there is no research on resorts markets such as Phuket as there has been in the past, presumably due to Raimon Land´s The Heights Phuket condominium development having been finished. Continue reading