Luxury property developer Raimon Land has posted a net profit of THB 1,157 billion for the first nine months of 2014 – equivalent to 155 percent of its full-year net profit for 2013.
The firm recognised revenue of THB2,083 billion for 3Q 2014, contributed mainly from the continuation of transfers at The River and 185 Rajadamri.
The news also marks Raimon Land’s 10th straight quarter of profits.
Sales across all projects have continued to progress well, the company said in a statement. In particular, The Lofts Ekkamai (pictured) has experienced strong sales where 81 percent of the total units have
“Going forward, we expect strong pre-sales, steady transfers and low failure rates on all completed projects, and reduced financial costs due to our improved financial status,” the company said in a statement.
Meanwhile the Bangkok Post has reported the company plans to launch two high-end residential projects in the Sathon district of central Bangkok during the next six months, without giving further details.
The other project will be a semi-detached house project in Soi Yenakat 2 where it will develop nine units priced from THB65 million, according to the newspaper.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.
