Record-breaking Raimon Land

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Record-breaking first week pre-sales have been achieved at two high-end off-plan projects in central Bangkok.

Stock Exchange of Thailand-listed Raimon Land revealed combined pre-sales for its Estelle Phrom Phong and Tait 12 developments worth THB 4.6 billion.

Lionel Lee, Chief Executive Officer, said: “The respective first week pre-sales launches for these two projects have resulted in very positive and robust sales.”

He said: “This is an affirmation that demand for luxury properties has remained strong,” and added “… we still see our products attracting investors and buyers from local and foreign markets.”

Launched during late October, The Estelle Phrom Phong on Sukhumvit Soi 26 sold more than 40 percent of its units during the first week of pre-sales.

Tait 12 on Sathorn Soi 12, launched this month, has achieved THB 2.5 billion baht of pre-sales, equal to about 60 percent of its total project value.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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