RECENTLY COMPLETED : The River

[Iknow]

Originally Posted by The Lizzard King

Interesting, so many new users are joining the forum commenting on the River project protecting Raimonland...just saying

Anyway a contract should mean some if reputation doesn't mean anything to them and as mentioned before, many early buyers have ebery right to claim compansations after 31st of July if their units r not readu or the project is not finished-thats a fact read the contracts of 2007 buyers.

The project is 1 year late already-another fact. Now let's all be smarter after July 31st or actually in 45 days which is when RL told many buyers they can transfer their units-their own wrriten words to client-another fact.

And after transfer let's hope clients r happy from the units when ever it is

Title deeds are in the system and transfers can probably start soon not relevant, the project is far from finished, in addition the shoddy quality of the fit out will be the cause of many buyers continuing their claims for compensation due to failure to complete in time, watch out for the IFA Douche ... legal council arriving in Thailand to continue the sham.

Expect more Raimon Land supporters to enter this blog for sure there will be no real customers !

[ThirskUK]

Originally Posted by KeNgKrUpS

I'm afraid most of the photos Oasis posted are NOT taken by him/her. Although I appreciated the postings, Oasis should not be taking the credits of being the photographer.

I really appreciate his findings. He seems to find a lot of great photos.
But no one really look at the link below those images

[dekwat]

[bkkforever]

Your posts are boring and useless

[Iknow]

Originally Posted by bkkforever

Your posts are boring and useless

Only to you and over the months to come this forum will become one of the communication channels for comparing the finished product with The Rivers peers, Sukothai Residence and Saladaeng Residence, the reality is as an Architectural Icon The River is unique the intent was the interiors would be to the same standard that is not the case and very soon this will become public knowledge.

[Chad]

Great model!!!

[CooperNZ]

Is there any logical or practical explanation why the top floors have virtually no windows on the north side in the main tower? (In fact, there's a corridor). Some of the best views are simply not accessible from the units on these floors.

[Speed]

maybe they thought south view was better

[Imperfect Ending]

Those are probably lobbies

[The Lizzard King]

If u mean the "naked cement" side of the top floors then the I think its the corridors of the floors (63-73) and a another reason for no windows is the Penthouse. The open roof top penthouse could be overlooked at from that side if it was with windows-not much privacy for a private roof top private pool if ppl can see u from their window on higher floors

[Iknow]

Originally Posted by TooMuchFun

The regulatory regime and consequences of the financial crisis in Dubai are vastly different than in Bangkok. The comparison is irrelevant.

Some may try, by claiming all transfers should be done only when the whole project is complete, to delay their own transfers in order to get compensation, thereby earning a higher return when they flip their units. My own lawyers (one Thai, one American) do not recommend that tactic.

Buying off plan is always risky: political risk, exchange rate risk, risk of delay. Developers advertise optimistic completion dates, and they write the sales contracts, so it's no surprise if developers are well-protected when delays occur. Any buyer (or speculator) who didn't work this into his plans must be rather naive.

Phased transfers don't bother me (been through a few). My experience with the developer has been good. The fat lady will sing soon!

Another one of those new members that only subscribe to this thread and have nothing but praise for a management who have failed in Dubai and South Africa and are about to repeat their track record in Thailand let's hope a buyer comes along soon for the IFA stake of 37% of Raimon, they and their buddies have already sold down from 70%+ do those actions support much confidence in Thailand or the business they have destroyed !

[Oasis-Bangkok]

image hosted on flickr

http://www.flickr.com/photos/pulpite...n/photostream/

[The Lizzard King]

"Bangkok, May 25, 2012 - Raimon Land PLC (‘Raimon Land' or the ‘Company') announces its sales performance, backlog status and financial results for the first quarter of 2012.

Raimon Land announced today the imminent commencement of transfers at The River in Bangkok. The Bt 15 billion project is now 76% sold and nearing completion. All monies received to date from customers in relation to units transferred will be immediately registered as revenues in the Company's accounts and are expected to commence by mid-year. Revenues from The River and 185 Rajadamri (now 55% sold) in 2012 and 2013 are expected to mark the first wave of income which will enable the Company to generate a sustainable flow of positive earnings well into the future.

COMMENT FROM THE CEO

Mr Hubert Viriot, Chief Executive of Raimon Land commented on the Company's progress and outlook:


"Transfers at The River are now only a month away. At long last our accounting results will be transformed. We are targeting transfers from The River of around seven billion baht this year with the remaining value next year in combination with the first transfers from 185 Rajadamri. The success of our new projects in Pattaya plus a new launch in Bangkok later this year will secure the flow of revenues and profits through to at least 2015.

Our new strategy has been to diversify our portfolio from reliance solely on an ultra-luxury niche to include more mainstream mid and high end segments through the development of the Zire, Unixx and Lofts brands. This new approach has resulted in a much stronger Thai customer base and a more reliable platform for future growth."

Raimon Land has previously announced its intention to maintain a rhythm of roughly two new launches per year over the long term. The capital raised from the recent Bt.457 million private placement and the anticipated warrant conversion, plus internally generated cashflow are sufficient to fund both an accelerated new launch plan and strong dividend payments.

Mr Viriot continued:


"We are therefore very confident that our strategy will generate substantial and sustainable returns for our shareholders both in terms of capital appreciation and dividends in the years ahead."



Now its the money time...

[chookdii]

Transfers at The River project are scheduled to commence by the end of June this year. Sales to the end of March 2012 at The River represented over 76% of the project's total saleable area, equivalent to just over Bt 10.8 billion in sales value. The ‘Vue', a lifestyle shopping complex linked The River project, with over 4,100 square metres of net lettable area is also now fully constructed and has achieved over 60% take-up to date, with tenants already commencing interior decoration

RL press release

[Iknow]

Originally Posted by chookdii

Transfers at The River project are scheduled to commence by the end of June this year. Sales to the end of March 2012 at The River represented over 76% of the project's total saleable area, equivalent to just over Bt 10.8 billion in sales value. The ‘Vue', a lifestyle shopping complex linked The River project, with over 4,100 square metres of net lettable area is also now fully constructed and has achieved over 60% take-up to date, with tenants already commencing interior decoration

RL press release

In there dreams if they transfer 1 billion baht this year they will be lucky, the Quslity, substitution of
high end finishes and the fact the building is not completed will dictate the transfer process, I heard from the project staff they are trying to compress an 18 moth fit out program into 8 months it is a disaster even a leading Real Estate
Agency is advising against people buying into the
project, ignore the PR look at the IFA track record they are useless developers

[Iknow]

This is the company of which IFA Raimon Lands major shareholders are related caused the delays to the project take a look they do not even know which side of the river they are working !
http://www.drakescull.com/MEP/Common...CSTheRiver.pdf

[LudovicThailand]

Saphan Taksin BTS Station may be demolished for skywalk to Chao Phraya
18.05.12 By Coconuts Bangkok




The area around Saphat Taksin BTS Station was flooded last year. Photo: Coconuts Bangkok
The Bangkok Metropolitan Authority may demolish Saphan Taksin BTS Station and replace it with a 1-kilometer long skywalk with escalators which will connect Surasak Station with the Sathorn river pier in 2013.

The demolition is part of the master plan for the Wongwian Yai – Bang Wa extension which will increase daily passenger numbers by 500,00, according to the BMA Traffic and Transportation Department.

The THB600 million skywalk will help alleviate the current bottleneck problem at the station that will only get worse with increased traffic, NNT reported. Demolishing Saphan Taksin BTS Station will cost THB77 million.

http://www.coconutsbangkok.com/news/...o-chao-phraya/

[bkkforever]

My wife is now in Bangkok and has visited the River Location.

She has been very pleased with the progress and has stated the project is looking absolutely stunning. She said activity seems to be very active and the shopping center looks very modern.

We are looking forward to Transferring Sept 15th of this year. I have arranged a few meeting for some of my friends to come and look at purchasing some units as well. I am so proud to an owner of this Landmark building.

Of all the building I have purchased off-plan this is the most professional organized development to date.

RL I am positive will continue to win awards on this one. For all those people reading these negative post by (Iknow) Keep in mind he refers to Dubai almost all the time. Dubai is a mess when it comes to developments, and is worlds apart from what we are getting in Thailand.

I have also expressed my concerns regarding information he has been passing to the investment public.

Our time will come to enjoy our wonderful investment. I hope the people who are super negative will either zip it, sell it, or move.

Excellent Job RL , I can't wait to invest in more of your awesome projects.

[rkbauer]

Originally Posted by bkkforever

My wife is now in Bangkok and has visited the River Location.

She has been very pleased with the progress and has stated the project is looking absolutely stunning. She said activity seems to be very active and the shopping center looks very modern.

We are looking forward to Transferring Sept 15th of this year. I have arranged a few meeting for some of my friends to come and look at purchasing some units as well. I am so proud to an owner of this Landmark building.

Of all the building I have purchased off-plan this is the most professional organized development to date.

RL I am positive will continue to win awards on this one. For all those people reading these negative post by (Iknow) Keep in mind he refers to Dubai almost all the time. Dubai is a mess when it comes to developments, and is worlds apart from what we are getting in Thailand.

I have also expressed my concerns regarding information he has been passing to the investment public.

Our time will come to enjoy our wonderful investment. I hope the people who are super negative will either zip it, sell it, or move.

Excellent Job RL , I can't wait to invest in more of your awesome projects.

If you like the project, think that it will turn out well and want to live there, that's wonderful and I suppose that your opinion is just as valid as any other until it is actually complete.

But since you mentioned investment, I have to ask: Why?

You do realize that the Riverfront area for rental, has pretty much the lowest occupancy rate in all of Bangkok, at ~40%, correct? This is even without the 800 or so units in this building being put on the market.

Are you looking to flip? Why would you do that in a building with so many units? Resale prices in this building have already fallen quite a bit below developer asking price.

Or are you actually living there, after all? I don't consider it an investment unless it's being rented out or being flipped. If you're living there, you're not using it to its investment potential.

[bkkforever]

1. I never buy to flip
2. Investment as its a large amount of money.
3. I love Bangkok and will spend three months of the year there.
4. I don't plan on renting my unit.
5. It's a beautiful building.

Hope that answers it.

Originally Posted by rkbauer

If you like the project, think that it will turn out well and want to live there, that's wonderful and I suppose that your opinion is just as valid as any other until it is actually complete.

But since you mentioned investment, I have to ask: Why?

You do realize that the Riverfront area for rental, has pretty much the lowest occupancy rate in all of Bangkok, at ~40%, correct? This is even without the 800 or so units in this building being put on the market.

Are you looking to flip? Why would you do that in a building with so many units? Resale prices in this building have already fallen quite a bit below developer asking price.

Or are you actually living there, after all? I don't consider it an investment unless it's being rented out or being flipped. If you're living there, you're not using it to its investment potential.