Promotion - The Dream Of Ownership is a Step Closer

Raimon Land is bringing the dream of condominium ownership one step closer during a road show promoting savings of up to 15% on units at five of our projects. The Bangkok Road Show appears at the Emporium from March 3-15, on the 2nd floor near the BTS entrance. The road show then moves to Siam Paragon's Mezzanine floor next to Dolce & Gabbana from March 17-31.

For Bangkok properties, the promotion is offering savings of up to THB970,000 on units at The Lofts Yennakart and THB2.6 million on units in The River's North Tower. Pattaya properties featured are The Lofts Southshore with savings of THB95,000 on units in Tower Two, and Northpoint with savings from THB720,000. Promotional savings at The Heights Phuket range from THB2 million to THB4 million. The promotion runs until March 31.

For more information, click here.

Construction Updates

All Foundation Work Finalised at The River

After 17 months of work underground, The River has passed a number of major milestones, which will soon see it begin to soar over Bangkok's skyline. All foundation and piling work has been completed for the structure and the basement is 80% complete with contractors poised to start on the ground floor. Two huge Tower Cranes have been installed at the site, which will rise with the completion of each floor of development.

We recently made our single largest ever purchase of steel for any project, this month receiving delivery of 5,000 tonnes at a cost of THB300 million (USD8.5 million). This represents 30% of all the steel required to complete this project and ensures we are able to work to schedule and to all original specifications.

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

The Heights Phuket is Now Complete

With The Heights Phuket now completed, the main contractor has departed the site and the labour camps have been removed. Lighting along the road, perimeter and common stairs is operational and apartment signage complete. All common area facilities are fully functional including the perimeter CCTV and a full fire alarm test has been conducted. The cable TV and PABX phone systems are also fully operational. To date, more than 25% of the total units have been transferred, with the next round scheduled in early March. Buyers can still find great deals with delayed payments of up to five years on the few remaining available units.

The common area property management team is set up with CBRE in the Juristic Office, and owners have been receiving welcome orientation kits. The Heights Phuket Hospitality Platform, offering resort-style concierge services with a general manager supported by an experienced hospitality management company, will be available by June 1.

Northpoint Progresses on Schedule

The Northpoint construction site in Pattaya has been a hive of activity in February, and work remains on schedule. Now that both towers have been topped off and all structural work has been completed, the massive tower cranes have been removed and the site has been receiving regular deliveries, with the electrical distribution board mains, transformers and fire pumps all arriving in February.

Interior and mechanical and electrical works are making good progress. Block work walls, plastering and window frame installation have progressed to upper levels of both towers, whilst floor and wall tiling, ceiling installation, and kitchen fit-out works continue to progress up the building.

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

Mortgage Promotions

Raimon Land has joined hands with several banks to offer home loan promotions with special interest rates to our customers.

Bangkok Bank Special Deals on Mortgages

Bangkok Bank is offering attractive interest rate options for customers of Raimon Land. All you need to do is sign a contract with Bangkok Bank within seven days of your loan approval OR apply for Home 1^st Credit Protection Insurance and you will be entitled to many benefits including lower interest rates and fee waivers, including the following:

1. A fixed rate or progressive rate at 2% during the mortgage's first year
2. A fixed 4.25%* interest rate for the first year (normally 4.5%), a fixed 4.5% rate for the second year, followed by a floating rate of MLR-1% for each year thereafter

Raimon Land customers are eligible for loans worth up to 100% of the purchasing price and appraisal value. Bangkok Bank is also offering FREE appraisals (normally Bt 2,500) and is waiving the management fee (normally 0.5% of the total loan amount).

The home loans can be for up to 30 years.

Special Offer!
FREE Bangkok Bank Credit Card when your loan application is approved.

Click here for more details or contact the Bangkok Bank Home Loans Specialist Team on 02 237 6680-3.

Conditions

1. Special offers will be met if all required documentation is completed and submitted by 31 March, 2009 (the date of the loan interest rate is subject to change).
2. Once the loan application has been approved, applicants must have the mortgage registered within two months of the application submission date.
3. Special offers are only available to customers obtaining a Bualuang home loan to purchase a residence at any Raimon Land Plc. housing project (excluding land).

UOB Home Loan

UOB has joined with Raimon Land to offer home loans to Thais for up to 95% of the appraised value of new residences for all projects. Loans with flexible payback schemes are available from THB500,000 to THB10 million for those who apply before April 30, 2009 and register their mortgage by May 31, 2009. All options are subject to a Minimum Loan Rate (MLR) of 5.25%.

1. A one-year fixed rate mortgage for those with Mortgage Reducing Term Assurance (MRTA) is being offered at 0.99% per annum (pa) interest for the first three months, 2.79% pa for the remainder of the first year, MLR-1.18% p.a. for the second and third years and then MLR-1% until maturity.
2. One-year fixed rate loans for those with no MRTA are available for 0.99% pa for the first three months, 2.79% pa for the remainder of the first year, MLR-1.18% pa for the second and thord years and then MLR-1% until maturity.
3. Two-year fixed rate mortgages for those with MRTA are being offered at 4.39% interest pa for the first two years, MLR-1.18% pa for the third year and then MLR-1% until maturity.
4. Two-year fixed rate loans for those with no MRTA are available for 4.59% pa for the first two years, MLR-1.18% pa for the third year and then MLR-1% until maturity.

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

LH Bank Mortgages for Non-Thais

Raimon Land has partnered with LH Bank to offer mortgages to foreigners wishing to purchase condominiums in certain projects. The home loans are available to foreigners aged not over 50 years for up to 50% of the purchasing price or appraisal valuation (whichever is lower). Loans of up to 5 million Baht are available for a maximum of 15 years with interest rates fixed at 3.25% for the first 18 months, and then LH Bank's MLR - 1.00% until the end of the contract.

For more information, please contact the following people:

• Mr. Kittipol Chailapo - Tel: 02 359 0000 ext 4205 Email: kittipolc@lhbank.co.th
• Miss Salukluetai Teeradatepong - Tel: 02 359 0000 ext 4202 Email: salukruetait@lhbank.co.th
• Mr. Setthawut Wisetso - Tel: 02 359 0000 ext 4208 Email: setthawutw@lhbank.co.th

Loans for Non-Thais from Advance Finance

Raimon Land has partnered with Advance Finance to offer our foreign customers loans to buy units at The Lofts Yennakart. The loans are available for a maximum of 20 years and for a total of up to 80% of the appraisal value with the interest rate set at Advance Finance's MLR + 1%

For more information, please contact Khun Lalichat Panngam on 02 626 2429 or lpanngam@advancefin.com or visit Advance Finance's website at www.advancefin.com

Yotel Wins Business Travel World Award

Major Raimon Land shareholder, IFA Hotels & Resorts, has become the majority shareholder in the YOTEL hotel group, which recently won "Business Accommodation of the Year" at the Business Travel World Awards 2009. YOTEL targets business travellers with luxurious cabin-like rooms inspired by first-class airline travel and Japanese capsule hotels. YOTELs are currently located at London's Gatwick Airport, Heathrow's Terminal 4 and Amsterdam's Schiphol Airport, with one planned for Abu Dhabi International Airport and another in Abu Dhabi City Centre.

For more information, visit www.yotel.com.

Free Customised ThaiNews Service

Raimon Land's recently launched customised version of the English-language ThaiNews premium subscription service is now providing 2,000 registered members with free access to weekly analysis plus feeds of breaking news and top stories from www.thainews.co.th. The tailor-made news content aims to specifically provide international investors with the latest information on Thailand's economic and political situation as well as its property sector.

Register for the online ThaiNews service as well as Raimon Land investor relations announcements here.