Thursday 23 November 2017

Thai developer makes the news in Q1 2013

Following-on from announcing its latest project, The Lofts Ekamai, in Bangkok late last year, the first quarter of 2013 has proved an eventful one for award-winning Thai developer, Raimon Land PLC.

Thai developer makes the news in Q1 2013

April 1, 2013

Hubert Viriot, the company’s CEO, confirmed that The Lofts Ekamai, a 28-story development with 264 units, will launch in the second quarter of this year with completion expected by the end of 2015.

The confirmation came at the same time Raimon Land announced record profits of US$16.6 million for 2012, mainly due to sales transfers at The River Bangkok which started in June last year.

Just prior to posting its financial results, the company revealed that a Singaporean entrepreneur, Lionel Lee, had taken a 24.9% stake in the business making him the largest single shareholder.

Mr Lee is the owner of JS Oil and head of Ezra Holdings Limited in Singapore.

Raimon Land also announced it had started piling work at its latest project in Pattaya, Unixx condominium.

Launched in 2011, Unixx will comprise 1,207 units in two towers of 42 and 46 floors, and is scheduled for completion in the first quarter of 2015.

The building is situated on just over 7 rai (or 2.8 acres) of land in the highly regarded Pratumnak Hill area of the city, offering easy access to the beach as well as popular shopping and recreational venues.

The development includes studios as well as 1-bedroom and 2-bedroom units ranging in size from 22 to 62 square meters, many with open views of the Gulf of Thailand and of Pattaya and Jomtien.

When completed, Unixx will be one of the biggest developments in Pattaya and leads the way in new, high density resort condominiums in this popular South East Asian holiday destination.

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