Raimon Land PLC is a real estate developer in Thailand. It has been listed on the Stock Exchange of Thailand on, first under symbol RAIMON, and later as RML since May 2012. Raimon Land focuses on developing mid-to-high-end condominium, niche town house and villa projects in Bangkok and Thailand's main resort locations of Pattaya and Phuket.
History
Raimon Land was founded on 14 February 1987 and has been listed on The Stock Exchange of Thailand since 10 September 1993. With a primary focus on developing premium residential property, the company has a strong presence in Bangkok, Pattaya and Phuket. As of 2015, the majority shareholder of Raimon Land is JS Asset, a privately owned Singaporean investment company which acquired a controlling 24.9% stake of the firm in 2013. JS Asset is also part of a group of high-profile global companies which include Ezra Holdings, Loyz Energy Limited, Klapsons Boutique Hotel, and Select Group. Mr Lee Chye Cheng Adrian was acting CEO.
Past developments
Since 2004, Raimon Land has completed 11 residential developments in Thailand, including: Bangkok: 185 Rajadamri, The River, The Lakes, The Legend Sala Daeng, The Lofts Sathorn, The Lofts Yennakart. Phuket: Kata Gardens, The Heights Phuket Pattaya: Northshore, Northpoint, Zire Wongamat Zire is now 91% sold with transfers commencing in late-2014. 185 Rajadamri was 89% sold at year end in 2014 and has achieved the highest price ever reached in the Bangkok market, with sales hitting well above 400,000b per sqm in 2014.
Current developments
Raimon Land PLC is currently in the process of constructing Unixx South Pattaya in Pattaya and The Lofts Ekkamai in Bangkok. The Lofts Ekkamai is scheduled for completion in 2016. UNIXX is a seven rai development on Pratumnak Hill, and recently Raimon Land announced additional facilities targeting families both Thai and international, while construction has continued on target with completion scheduled year end 2015. On 20 May 2015, Raimon Land held the topping off ceremony for UNIXX South Pattaya, marking the building reaching its full height of 46 storeys, which features 1,200 units and affordable prices with seaviews. Raimon Land began construction of Mews Yen Akat by Raimon Land in mid-2015, a landed housing estate of nine homes in the Sathorn business district of Bangkok. Designed by architect Sumeth Sukapanotharam, the Yen Akat development is the inaugural issue of Raimon Land's new limited editionproduct line, with construction by Prebuilt PLC. More recently, Raimon Land revealed presales for The Lofts Asoke would start in November 2015, and following three days of sales, the company reported sales beyond expectation reaching around 35 percent by unit numbers out of 211.
Upcoming developments
At the 2015 Annual General Meeting, Raimon Land revealed purchase of land in Asoke, for a new development named The Lofts Asoke. It is expected that the official launch will be in Q2 2016.
Retail and commercial
Raimon Land owns Vue, a community lifestyle mall already operating, adjacent to The River on Charoen Krung Road Soi 13 in the Thonburi area of Bangkok and serves the surrounding community as well as residents of The River, part of a group of riverside community malls in the area. The Vue opened in 2012. Space 48 is an eight-storey office building, with a total area of approximately 2,000 m2, on Rajadapisek Road, approximately 100 meters from the MRT Suthisan station. Raimon Land also owns and operates klapsons Residences Bangkok, which are longstay serviced apartments in The River.
Awards
Raimon Land was awarded the title of Best Developer for two consecutive years at the Thailand Property Awards 2007 and 2008 including the most recent win of "Best Condo Development 2010" for Northpoint and "Best Condo Development 2009" for The Heights Phuket. The River has been recognized as a leading landmark development in Thailand, winning the Thailand Property Award "Best Luxury Condo Bangkok" Award in 2012, as well as "Best Condo Development" in the same year. More recently, Raimon Land won the award for Best Luxury Condominium 2013 for their 185 Rajadamri development
