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RAIMON LAND ACHIEVES STRONG COMBINED

16 Nov 2018

RAIMON LAND ACHIEVES STRONG COMBINED FIRST WEEK PRE-SALES OF THB 4.6BN FOR THE ESTELLE PHROM PHONG AND TAIT 12

Bangkok, 16 November 2018 – Raimon Land Public Company Limited, Thailand’s leading luxury real estate developer, announced that it has achieved a combined first week pre-sales of 4.6 billion baht for two new projects, “The Estelle Phrom Phong” and “Tait 12”. The combined pre-sales amounted to about 50% of the total project value of 9 billion baht for the two projects and the strong showing marks the highest first week pre-sales achieved by the Company.

Mr. Lionel Lee, CEO of Raimon Land, said: “The respective first week pre-sales launches for these two projects have resulted in very positive and robust sales. This is an affirmation that demand for luxury properties has remained strong, particularly projects which are well-designed and finished with the highest premium quality – hallmarks of the Raimon Land brand. Despite recent government measures which had affected the borrowing rates of buyers, we still see our products attracting investors and buyers from both local and foreign markets.”

Launched in late October 2018, The Estelle Phrom Phong sold over 40% of its units during its first week of pre-sales, representing over 2.1 billion baht. The 5 billion baht development rests in the prime area on Sukhumvit Soi 26 and is a short 200m walk from the BTS Phrom Phong station. It features 157 units nestled with luxurious wellness facilities such as a salt-water floatation pool and chorine free swimming pool. The Estelle is the standard in modern luxury living.

Tait 12, located on Sathorn Soi 12 near BTS Chong Nonsi, closed its first week with 2.5 billion baht of pre-sales, or about 60% of its 4.2 billion baht project value. Launched in early November 2018, the project boasts 238 units and was designed around the vibrant energy that Bangkok has to offer. Overlooking the city landscape with its dynamic architectural design, the living spaces are open and practical – combined with a gym, amphitheatre, large co-working spaces and a cavern pool.

Mr. Lee added, “The Estelle Phrom Phong and Tait 12 have already started to deliver fantastic results for Raimon Land and Tokyo Tatemono, our joint-venture partner for these two projects. Besides working with leading and established industry partners on successful projects, we will also target to expand and develop on our recurring income businesses, including the Food & Beverage (F&B) and Hospitality segments.”

For further information please contact www.raimonland.com or call 02-029-1888