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

Real Estate Press Releases Friday November 16, 2018 13:48
Bangkok--16 Nov--Raimon Land

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
About Raimon Land Public Company Limited

Founded in 1987 and listed on the Stock Exchange of Thailand (SET) in 1993, Raimon Land Public Company Limited (RML) is Thailand's leading real estate developer which specializes in the development of luxury residential properties. Since 2004, the company has completed 14 residential properties in Thailand, including 185 Rajadamri, The River, The Lofts Yennakat, The Legend Saladaeng, The Lakes, The Lofts Sathorn, The Lofts Ekkamai and Mews Yen Akat by Raimon Land, a landed semi-detached housing estate on Soi Yen Akat in Bangkok; Zire Wongamat, Unixx South Pattaya, Northpoint and Northshore in Pattaya; and The Heights Phuket and Kata Gardens in Phuket. Two new residential properties are currently under development - The Lofts Asoke, a residential property on Asoke and The Lofts Silom; both in Bangkok. In 2018, the Company recently launched 2 new luxury projects, The Estelle, Prom Phong and TAIT 12, which are expected to be completed in 2022.

The company's portfolio also includes klapsons The River Residences Bangkok serviced apartments, Vue community lifestyle mall and Space 48 office building on Ratchadapisek Road.

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