Construction Updates

Bangkok: The River

The River continues to make impressive progress. Four of the five tower cranes have now been erected on site, and 70% of the ground floor slabs have been cast, with the podium's independent footing and basement slab nearing completion.

Bouygues Thai, was recently awarded the contract for the Main Building Works. The lift cores have commenced and are now between levels one and two and will soon be visible above the surrounding site hoarding, as they climb one floor every four days.

Another milestone completion is the installation of the on-site concrete batching plant by ORC. This will provide concrete for the project which facilitates stringent quality control of the concrete production. A benefit of on site batching is the reduction of transport movements and associated fuel emissions, which, together with bulk barge delivery of concrete aggregates by river, reduces the project's carbon footprint.

To see more construction update photos from The River, click here.

Pattaya: Northpoint

At Northpoint, the beachfront sales office and show units are being demolished; a covered walkway has been constructed from the car park to the new sales facilities and show units at Level 3, Tower A. The landscape design is nearing completion and work will commence after Songkran.

The mechanical and electrical first fixing installations are progressing towards level 50 in both towers, while the second fix installations have significantly advanced. The lift installations are nearing completion in both towers, and will shortly be commissioned for temporary services.

Skim coat plaster to the external walls is under progress and will soon receive textured and flat paint decorative applications. Internal block work walls and plastering have been substantially completed, followed closely by installation of aluminium and glazing installation.  Ceiling installations have passed level 20 in both towers, which are followed by kitchen fit-out; built-in wardrobes; vanity units and frameless shower cubicles.

To see more construction update photos from Northpoint, click here.

UOB Mortgages for Singaporeans and Malaysians

United Overseas Bank (UOB) is offering loans to Raimon Land's Singaporean and Malaysian customers who buy condominiums valued at SGD200,000 (THB4.7 million) and above. The loans, with floating interest rates subject to change, are being offered in Singapore dollars at the prime lending rate (currently 5.00%) plus 2.00% for a total annual rate of 7.00%, and US dollar loans at prime (currently 3.25%) plus 2.00% for a total annual rate of 5.25%.

For more information, please contact any UOB branch or call 02 661 4900 during office hours.

Pattaya Seminar

Panellists called for an increase in the amount of condominiums foreigners can buy in developments in Pattaya during a half-day seminar titled "Approaches to Bolster the Tourism and Real Estate Sectors in Pattaya", organised by Raimon Land and the Pattaya City administration on Friday, 27 March.

Pattaya City Mayor Ittipol Khunpleum opened the forum, saying his first priority is the tourism sector, and his administration has been urging businesses to stay up to date on the policies designed to boost tourism in Pattaya, such as a focus on increasing visitor length of stay.

Panellists, including executives from Raimon Land, suggested that increasing the foreign quota at condominium developments would stimulate the property market and the economy, and create the structure to attract investment from the home retirement market. They said foreign enquiries continue pouring in, and increasing the quota could attract an additional THB6 billion in sales across 10 current projects, many of which have filled their 49% foreign quota.