Raimon Land Plc, a stock exchange of Thailand (SET)-listed property developer, is confident in the high-end residential market and revealed plans for three new luxury projects worth 18 billion baht in Phuket and Bangkok. Raimon Land plans to launch the projects in the fourth quarter.

 

Korn Narongdej, the chief executive, made known that the luxury market proved to be resilient during the economic downturn caused by the pandemic. This led the company to shift its focus exclusively towards the luxury segment.

 

The upcoming projects include Rosewood Residences Kamala, a 7 billion baht super-luxury villa development situated on Kamala Beach in Phuket. Rosewood Hotels & Resorts will brand the development, with unit prices starting at 600 million baht.

 

Two other luxury segment projects will be launched in the Sukhumvit area, comprising a branded residence condo project and a low-rise housing project. Raimon Land anticipates that these luxury market developments will yield presales of 6.7 billion baht in 2023, compared to 2.24 billion baht in 2022, marking a 6.5% increase from 2021.

 

By Alex Morgan

Caption: Photo courtesy of Raimon Land's official website

 

Full Story: https://thethaiger.com/news/business/raimon-land-unveils-437m-luxury-projects-amid-bolstered-high-end-market-confidence

 

-- © Copyright Thaiger 2023-06-16

 

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Nice!

15 hours ago, snoop1130 said:

the luxury market proved to be resilient during the economic downturn

There's never an economic downturn for those in the know; only opportunities.

One story says real estate market is booming next story says opposite. The "rich" will do well as they use other people's money to better themselves.

 

Meanwhile there are properties sitting on the market since the beginning of Covid and still not selling.  

 

My advice, invest your moneyy wisely cause you may never see it again.