Luxury property developer Raimon Land recorded record profits of THB1.2 billion last year, boosting its revenue by 15 percent year-on-year and achieving the highest per sqm price in the premium property segment in the process.
Sales at all current properties continued to perform strongly in 2014, a reflection of the company’s strength in the premium segment according to a company statement, and confidence of clients in the quality of the brand’s developments.
The company also recorded strong bookings, and reported robust demand in the Thai market for high-end sector property . Sales at 185 Rajadamri (pictured) set new records for the highest psm achieved to date in Thailand, with prices hitting well above of THB400,000 per sqm according to the company.
According to the statement, the company’s prudent policy of requiring between 25 to 40 percent deposits has maintained a very low transfer-failure rate of approximately 1 percent.
Sales at Zire Wongamat have reached 91 percent with transfers commencing in Q4 2014; 185 Rajadamri is now 89 percent sold with 60 percent of sales value transferred, and The River is 94 percent sold with 95 percent of sales value transferred.
Repeat customers represent more than 35 percent of pre-sales reflecting client confidence, according to the company.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
