Raimon Land Plc plans two condominium projects in Pattaya this year, with unit prices starting below 50,000 baht a square metre, the first mid-market developments the company has undertaken since 2004.

Unit prices will start below 50,000 baht a square metre, the first mid-market development the company has undertaken since 2004.

Zire Wongamat
Zire Wongamat worth 2.9 billion baht that will be located beside Wong Amat Beach.

The move is in line with its policy to shift from foreign to Thai buyers after the global financial crisis crushed most foreigners’ purchasing power in 2009.

The first low-priced project in Pattaya in 2011 is the 480-unit Zire Wongamat worth 2.9 billion baht located on Wong Amat Beach.

The unit prices will start from 1.9 million baht or 47,500 baht a sq m and the sizes will be smaller, starting at 48 sq m for one-bedroom units. At the company’s recently completed Northpoint condo in Pattaya, one-bedroom units are 70 square metres.

The company also plans another project on an eight-rai site with no beachfront in Pattaya city but is waiting to see market feedback on the Zire before launching it.

via Raimon dips a tier with Pattaya unit.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Hotels Market Insights: Signs of reopening but domestic demand leading the way

Thailand also welcomed foreign tourists in November, but Omicron has pushed authorities to remain cautious and suspend the ‘Test & Go’ scheme.

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively

Hotel sector continues to face challenges in Asia Pacific

The quarter was also marked by the partial reopening of Thailand to international visitors with the launch of the Sandbox initiative in Phuket and Koh Samui.