Raimon Land Plc was listed on the Stock Exchange of Thailand in 1994 with a primary focus on premium residential properties in Bangkok and upcountry resort destinations.
The company is currently planning and developing various properties in Bangkok, Pattaya and Phuket. CEO Hubert Viriot discusses the firms strategies and outlook.
Please explain Raimon Lands business model.
Raimon Land is a property real estate developer focused primarily on the high-end residential segment in major urban and resort locations in Thailand.
Units at The River are expected to be transferred during 2012 while construction of 185 Rajadamri has broken ground with piling completed. Bouygues, one of the top contractors in the world, has the main construction contract for this high-profile project, a pledge of our commitment to a quality project and timely delivery. Finally, all units at Northpoint Pattaya have now been transferred with a handful left for sale.
We are looking at diversifying our core business to reduce our reliance on a single income stream. Our aim is to have a more balanced business profile which includes two to three tiers of high-end residential development projects. The recent launch of Zire Wongamat, which encompasses the Raimon Land “luxury” DNA within a more affordable envelope is a first step in this direction. We are also planning to develop income-generating assets alongside our core residential project.
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