Raimon Land forges ahead vigilantly during the pandemic crisis

Although some countries have started to recover from the impacts of the COVID-19 pandemic, many others are still under lockdown. The epidemic has not only devastated small businesses but even made large enterprises tremble.

Property developers have unavoidably struggled with lower revenue and cash flow from the decline in unit transfers. Condo sales and residential property markets have shrunk from the slowdown in demand from both domestic and foreign buyers. So long as the crisis persists, management must play safe and be cautious to keep business afloat.

“During the crisis, property developers must carefully manage their liquidity,” explained Mr. Korn Narongdej, Chairman Of The Executive Committee and Chief Operating Officer, Raimon Land Public Company Limited. “Many developers have taken a wait-and-see approach by…