18 May 2017
BANGKOK – 10 May 2016 – Thailand’s leading high-end real estate developer Raimon Land PLC today officially launch The Lofts Asoke, the new Lofts Asoke freehold condominium development, with project value worth more than 3.1 billion baht, located in prime Sukhumvi, while almost 50% of units sold. The latest development helps underscores Raimon Land’s positioning as one of the leaders in luxury freehold condominiums and landed housing.
Johnson Tan, CEO of Raimon Land PLC revealed that large developers were still keen on acquiring prime plots in the downtown area, where demand for quality projects remains consistent. This was demonstrated by a new record-high price per square wah for a land plot in Bangkok . Most of the projects launched in these prime areas showed strong take-up rates, due to the increasing scarcity of freehold land and a consumer base for these types of products that remains well capitalized and that views prime real estate as a good store of value.
“We believe there are still opportunities at this stage in the cycle for well positioned companies to take advantage of opportunities in both residential development. Hence, our primary focus remains the development of luxury freehold condominiums and landed housing such as The Lofts Asoke, The Lofts Ekamai, and Mews Yennakat etc. This is where our core competencies and strategic advantages lie, and we will continue to exploit our expertise in this area,” said Tan.
The Lofts Asoke provides 211 units for inner city living, with design inspired by the stylish industrial warehouse loft districts such as Tribeca, and SOHO in Manhattan, New York.Rising 45 storeys on 1.5 Rai (2,663 sq.m.), residences are bold, raw and functional, located in the fast paced Asoke neighborhood, adjacent to the upcoming Rama IX new Bangkok CBD, Makkasan re-development, and next to Sukhumvit’s leading shopping, dining and community attractions.Featuring a world-class team including international firm Eco.id, the concept of The Lofts Asoke provides homes for the new urbanite, with spacious interiors and extensive facilities to match the modern Bangkok way of life.
“Over the last several years, we have witnessed Thai consumers at all levels of the market become more discerning buyers of real estate. This evolution in the marketplace has been a positive one for Raimon Land, as it has showcased the superior design, focus on functionality, and attention to detail that goes into the few, distinguished projects,” added Tan.
Gerard Healy, Head of Development, Raimon Land added that as Thailand’s leading high-end developer, Raimon Land has responded to an increase in demand for larger sized units with spacious layouts, featuring 3.2m high ceilings in primary spaces, plus double height skyloft duplexes with 5.7m high ceilings.
“The Lofts Asoke features our signature innovative design combined with sound long-term investment fundamentals whether as a family asset or as a rental property,” Mr. Healy explained. “Owners will enjoy the intersection of high quality, outstanding location, and extensive facilities to match their lifestyle.”
Between May 14-15, 2016, The Lofts Asoke is hosting Loft Living Sales event from 10am to 8pm at The Lofts Asoke Sale Gallery Sukhumvit 21, where clients can still enjoy prelaunch pricing, starting from 8 million THB, and get the chance to win air round-trip ticket from Bangkok to New York, or Apple Watch.
Construction of The Lofts Asoke is planned to begin mid-year 2016, with completion end of 2018.Further information is available at www.theloftsasoke.com and clients are invited to call Raimon Land at 02 651 9600 to find out more.
About Raimon Land Public Company Limited
Listed on the Stock Exchange of Thailand (SET), Raimon Land Public Company Limited (RML) is a real estate firm which specializes in the development of high-end residential city and resort properties.
Since 2004, the company has completed 11 properties in Thailand with total project value of approximately THB 40billion (USD 1.2billion), including the iconic 185 Rajadamri, The River, The Lofts Yennakat, The Legend Saladaeng, The Lakes and The Lofts Sathorn in Bangkok; Zire Wongamat, Northpoint and Northshore in Pattaya, and The Heights Phuket and Kata Gardens in Phuket. Four new residential properties are currently under development –The Lofts Ekkamai (2016), Mews Yen Akat by Raimon Land (2016), The Lofts Asoke (2018) – all in Bangkok; and Unixx South Pattaya (2015) in Pattaya.
The company’s portfolio also includes klapsons The River Residences serviced apartments, Vue community lifestyle mall and Space 48 office building (on Ratchadapisek Road).