The River, Raimon Land’s largest project to date, was pre-launched in March 2007. Within three days the initial units released were snapped up at a record-setting price for Bangkok of Bt150,000 per sqm.
Since then a further 279 condominiums – with a total area of 38,235 sqm – have been sold for a total value of Bt5.03bn.
Raimon Land’s Chief Executive Officer, Nigel J Cornick, said, “The recent sales figures at The River represent a very positive signal about the current strength of Thailand’s luxury property market. International and local players considering property investments in the country should gain confidence from this news. Capital gains and rental yields continue to show strong signs of growth.
“This is a solid start to the year for the project and a positive indication of where the Bangkok and Thailand property markets are heading in 2008” added Cornick.
The piling for the 250-metre-tall structures got underway towards the end of 2007. When completed, The River will be the tallest residential building in Bangkok, with a dedicated pier and shuttle boat service to the Saphan Taksin skytrain station. Living areas, bedrooms and studies will enjoy spectacular, floor-to-ceiling city and riverside views.
| Project : | Condominium |
| Location : | Charoennakorn 13 Bangkok |
| Land Area : | 13 rai, including 120 meters frontage on the Chao Praya River |
| Launch Date : | Q1/07 |
| Contact : | Sales Office Tel : : +66 (0) 2651 9600 |
| Website : | www.theriverbangkok.com |
Robert Carry
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