Luxury property developer Raimon Land has announced the awarding of its piling contract for Zire Wongamat to Italthai Trevi Co., Ltd., Thailand’s premier foundation specialists. This marks the third project between Raimon Land and ItalThai Trevi, following their successful collaboration on the main towers of The River along the Chao Phraya as well as The Lofts Yennakart. Piling work for Zire Wongamat commenced on November 10, 2011 and will be completed in April 2012.
Officially launched early this year, Zire Wongamat has been attracting potential buyers looking for a beachfront home accessible from the city, yet close to recreational activities and family entertainment. “Since its launch in January, nearly 60% of the total available units have been sold, mostly to Bangkok residents who would like a place to relax on weekends,” said Hubert Viriot, Raimon Land Chief Executive Officer.
Raimon Land executives led by Hubert Viriot, CEO (4th left) mark the awarding of the piling contract for Zire Wongamat in Pattaya with Ekachai Phongphua, General Manager of Italthai Trevi Co., Ltd (5th right).
“Just a quick drive from Bangkok and Suvarnabhumi International Airport, Zire Wongamat is ideal for both Thais and foreigners looking for a second home that offers luxurious comfort and convenience. Its location along Pattaya’s prime beachfront neighborhood is hard to beat,” he added.
Ekachai Phongphua, Italthai Trevi General Manager, said: “We are delighted to be awarded the piling contract for Zire Wongamat, further strengthening our relationship with Raimon Land.”
Scheduled for completion in 2014, Zire Wongamat will comprise two residential towers, 37 and 54 storeys tall, offering a total of 480 units with breathtaking views of the Gulf of Thailand.
Late last year, Raimon Land secured THB 1,027 million in financing facility from TISCO Bank, the country’s first investment bank, to support the development of the project.