Freehold condominium development located in the heart of the city
Thailand’s leading high-end real estate developer, Raimon Land PLC, bring to the Bangkok market The Lofts Asoke, a freehold condominium development with a project value worth more than B3.1 billion. Located in the heart of the lower Sukhumvit area, it’s no surprise that a huge percentage of the units are already sold. This development, and others soon to come, help to underscore Raimon Land’s positioning as one of the leaders in luxury freehold condominiums and landed housing.
“Luxury real estate in Bangkok has matured significantly over the past years,” notes Mr. Adrian Lee, Chief Executive Officer of Raimon Land PCL. “Given the current challenging real estate market, Raimon Land has consistently performed and delivered outstanding results. Large parts of our success is attributed to the fact that we have always put our customers’ quality of living as our top most priority. We are driven to build better lives.
“Our company values the importance of designing The Lofts Asoke to meet the demands of our residents. Raimon Land is a worthwhile investment, and could be kept as a family-owned estate or for future investments,” he added.
Large developers are still keen on acquiring prime plots in the downtown area, where demand for quality projects remains consistent. This was demonstrated by a recent record-high price per square wah for a land plot in Bangkok (note: one wah is equivalent to four square metres).
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. Of course, there are still opportunities at this stage in the cycle for well positioned companies to take advantage of opportunities in residential development. This is why the primary focus of Raimon Land remains the development of luxury freehold condominiums and landed housing such as The Lofts Asoke, The Lofts Silom, and Mews Yen Akat by Raimon Land, etc. This is where the company’s strategic advantages lie.
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 37 storeys (with 7 mezzanine levels and rooftop level totaling 45 floors) on 1.2 rai (2,663 sq.m), the residences are bold, raw, and functional, located in the city’s fast paced Asoke neighbourhood, adjacent to the upcoming Rama IX new Bangkok CBD, the 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 is to provide homes for the new urbanite—with spacious interiors and extensive facilities to match the modern Bangkok way of life.
Over the last several years, Thai consumers—at all levels of the market—have 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 these distinguished projects.
Gerard Healy, Head of Development, Raimon Land, added that as Thailand’s leading high-end developer the company has responded to an increase in demand for larger sized units, with spacious layouts, featuring 3.15 metre high ceilings in primary spaces, plus double height skyloft duplexes with 5.6 metre 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.”
Construction of The Lofts Asoke began in mid-year 2016, and completion is expected at the end of 2018. To find out more, call Raimon Land at 02 029 1888 or visit the website.
About Raimon Land Public Co. Ltd.
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 14 properties in Thailand with total project value of approximately B40 billion (USD 1.2billion). Their iconic Bangkok properties include: 185 Rajadamri, The River, The Lofts Yennakat, The Legend Saladaeng, The Lofts Ekkamai, Mews Yen Akat by Raimon Land, The Lakes, and The Lofts Sathorn. In Pattaya their projects include Zire Wongamat, Northpoint, Unixx South Pattaya, and Northshore, and in Phuket they are responsible for Kata Gardens and The Heights Phuket. Residential properties under development include The Lofts Asoke and The Lofts Silom. The company’s portfolio also includes: Klapsons The River Residences serviced apartments; Vue community lifestyle mall; and Space 48 office building (on Ratchadapisek Road).