Raimon Land appoints new Property Management VP, announces record profits

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Leading property developer Raimon Land has announced the appointment of Neerja Sachdev as Vice President in charge of Property Management.

With over 20 years of experience in Thailand’s real estate sector, Neerja will bring her high-level expertise to her new role. 

Neerja said: “What prompted me to return to Raimon Land is its firm commitment to excellence.  I look forward to working with the new management team and to sharing my know-how, so we can maintain the highest quality for all our customers.”

Neerja Sachdev.Neerja Sachdev.

This will be Neerja’s second stint with Raimon Land, after having worked as Customer Relations Management Director from 2007 to 2010.  Most recently, she served as Director and Head of Property Management for Savills, from 2011 to 2013, where she led one of the largest nationwide management portfolios specializing in luxury residential developments.  Prior to that, Neerja held several positions with CB Richard Ellis.

Meanwhile the company recently announced it had posted a record financial year for FY2013, having achieved a net profit of Baht 746 million, a jump of 50% Y-o-Y.  The company’s borrowing costs have also been reduced across the board and the current interest bearing debt ratio has decreased significantly.

Raimon Land’s CEO Johnson Tan said, “The team has worked very hard throughout the year ensuring key fundamentals are in place.  By implementing strict financial disciplines, we have paid off a significant amount of our debt for The River project and the retained losses at company level are significantly lower.

As the first transfers of 185 Rajadamri commence this quarter, our gearing will continue to drop throughout this year.  With a stronger balance sheet, and a focused and disciplined management team, we are much better positioned for future expansion while we work towards the next iconic project.”

The award winning development, 185 Rajadamri will commence transfers this 1Q2014.  Bestowed as the ‘Best Luxury Condo’ in Bangkok, it has already achieved 85% of total units sold, and the project is expected to be the most significant source of revenue for Raimon Land in 2014.

Zire Wongamat, the luxurious beachfront condominium development next to Pattaya’s Wongamat beach, is on track to complete construction and begin transfers in 4Q2014.  The project has sold 90% of its total units.

Zire Wongamat is already 90% sold out.Zire Wongamat is already 90% sold out.

Construction of Unixx South Pattaya is also well under way, with structural work now completed beyond the 5th floor.  Launched in mid-2013, The Lofts Ekkamai has proven to be a success having achieved over 60% of its total units sold.  The project has already commenced construction with piling and foundation works well underway.  Meanwhile, The River – Raimon Land’s largest project ever – has less than 10% of its total units left for sale after completion in 2012.

For more information on Raimon Land’s projects, visit www.raimonland.com.

The pilings are now completed at the Unixx Pattaya project and the main building work is well in progress. (Photo/Raimon Land)The pilings are now completed at the Unixx Pattaya project and the main building work is well in progress. (Photo/Raimon Land)