Raimon Land Plc, a stock exchange of Thailand (SET)-listed property developer, is confident in the high-end residential market and revealed plans for three new luxury projects worth 18 billion baht in Phuket and Bangkok. Raimon Land plans to launch the projects in the fourth quarter.
Korn Narongdej, the chief executive, made known that the luxury market proved to be resilient during the economic downturn caused by the pandemic. This led the company to shift its focus exclusively towards the luxury segment.
The upcoming projects include Rosewood Residences Kamala, a 7 billion baht super-luxury villa development situated on Kamala Beach in Phuket. Rosewood Hotels & Resorts will brand the development, with unit prices starting at 600 million baht.
Two other luxury segment projects will be launched in the Sukhumvit area, comprising a…
