Many property developments in Pattaya fail and this can be seen by how many half completed projects there are including in Bangkok. Speak to our expatriate lawyer in our Pattaya office before you invest in any property development in Thailand. IFA has taken over just over 26% of the Raimon Land PLC. Raimon Land is a well known and very reputable Bangkok real estate development company.
IFA has also taken 49% ownership of the new development called “The Lofts” South Shore project. Talal Jassim Al-Bahar, Chairman and Managing Director, IFA HR stated: “We are very confident in the Thai market and are pleased with the growth of Raimon Land. We will continue supporting the company in order to grow it further and expand it into more of a South-East Asian real estate developer.”
Raimon Land Chief Executive Officer, Nigel Cornick, said: “The Lofts South-shore is a high-quality, affordable development that combines traditional notions of resort living with a modern urban lifestyle. It provides unrivalled facilities at affordable prices with the potential of returning strong capital gains and high rental yields, especially for those who get in early.”
We are confident The Lofts South-shore will attract plenty of investors given the quick pace that investors are buying new condominiums coming into the market in Pattaya. Those who purchase these condominiums off-plan will enjoy significant gains on their investment for years to come. We also believe we’ll see a great amount of interest from Middle Eastern investors as we’ve seen in some of our other Thai properties.
Raimon Land is Thailand’s premier luxury condominium developer and is listed on the stock exchange of Thailand. Raimon Land has 12 projects in Thailand, including The River and 185 Rajadamri in Bangkok, North point and The Lofts South-shore in Pattaya and The Heights and Amalfi in Phuket. The company recently won three awards at the Thailand Property Show 2007: Best Developer, Best Property Development Website and Best Urban Condo.
If you are considering buying a condominium from any of Raimon Lands projects, contact us for any legal assistance which you may require for your property transfer or further property advice in any of their excellent condominium developments.