Raimon Land launches The Lofts Asoke, posts third quarter profit

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Leading high-end real estate company Raimon Land PCL has unveiled The Lofts Asoke, a high rise development valued at THB 3.2 billion, bringing total project value launched during 2015 to THB 3,900 million.  The Lofts Asoke reached 72 units sold out of 211 by November 13, bringing pre-sales to 23%.

The Lofts Asoke is 4th in the series, following Lofts Sathorn, Lofts Yennakat, and The Lofts Ekkamai.  The project provides a prime inner city location and a unique double height loft design inspired by New York loft living.  Facilities include a 2nd floor workspace/lounge for residents, 31st floor infinity edge pool for residents and 100% parking.

The Lofts Asoke.

The building features 1-3 bedrooms from THB 6.1m, with a skyloft high zone comprised exclusively of duplexes.

Raimon also recently announced revenues of THB 1,103 million for 3Q 2015.  The company’s EBITDA and net profit for 3Q 2015 were THB 240 million and THB 155 million, respectively.  As of 30 September 2015, the company now has backlog to be recognized as revenues of THB 6.9 billion.

In Pattaya, sales at Raimon Land’s Zire Wongamat development are now exceeding 90%, while the backlog of sales at UNIXX is around 70% with completion scheduled for year-end 2015.