North Point, 61+51 Storey : Pattaya

[Chad]

Hang on tight everybody, Raimon Land is again going to Rocks Pattaya...

[Chad]

Raimon Land to acquire another Grade A beachfront condominium site in North Pattaya

Today Mr. Nigel J. Cornick, CEO of Raimon Land announced that the company plans to acquire and develop a Grade A condominium project on a prime twelve rai beachfront site at Wongamart, North Pattaya. The acquisition is subject to Shareholder approval at an EGM to held on 14th November 2005.



The site located in Naklua Road, Pattaya, has approximately 80 metres of beach frontage and is adjacent to the Aisawan Resort and Spa. It is envisaged that the development will be composed of two towers offering one, two and three bedroom units with extensive landscaping, swimming pools and recreational facilities. All units will have panoramic sea views.

Commenting on the planned development Mr. Cornick said “The success of Raimon Land’s Northshore project, the first Grade A condominium to be launched in Pattaya for many years has highlighted the substantial demand for quality condominiums in Pattaya, particularly close to the town centre and the north end of Pattaya.”


Mr. Cornick went on to add “We have sold 90% of Northshore, with prices reaching Baht 100,000 per sq. metre. During the past 12 month we have achieved sales of Baht 1.2 Billion with over 2,500 visitors to our display suite which has resulted in our having a long waiting list for our next Pattaya project. We are therefore very confident that the new project to be known as “NORTHPOINT” will be well received by the market and set a new benchmark for the Eastern Seaboard real estate market.”

The project is scheduled to be launched in 2006, with completion by the end of 2009.

Source: Raimonland : Oct 2005

[Jo]

61 storeys.. damn!

[Chad]

Raimon to sell hilltop resort units

Itthi C Tan

Developer offers 51 apartments with views of Kata Bay

Raimon Land will launch one of the most spectacular resort housing projects in Phuket next month. Perched atop a hill overlooking Kata Bay, The Heights condominium will offer 51 luxury units, all with panoramic views.

Raimon Land’s chief executive office Nigel Cornick said the project would offer 39 two-bedroom units and 12 three-bedroom units. The three main sizes are 133 square metres, 156 square metres and 219 square metres.

Prices will start from Bt13 million, or Bt75,000 per square metre.

The Heights, with concepts developed by designer Hans Brouwer, is a handsomely crafted project that takes advantage of a hill-slope estate that lies about 80 metres above sea level, the maximum height allowed for real-estate construction in the country.

Brouwer, who rose to prominence while working with architecture firm Sir Norman Foster & Partners for eight years, started his own company – HB Design – in 1995.

Cornick said the firm was currently also working on two new large projects, one by the Chao Phya River in Bangkok near the Peninsular Hotel, and the other in North Pattaya.

Raimon is drafting its second Pattaya project called “Northpoint”, a 400-unit endeavour at Wong Amat beach at Nak Lua. The 13-rai site was recently acquired for Bt400 million for a two-tower residential project that may include rental apartments. Cornick said its two towers would rise 41 and 61 storeys, respectively. Their spectacular design is expected to deliver new landmarks in one of Thailand’s fastest-growing cities.

Th price per square metre should be about Bt65,000, said the developer. This includes all built-ins, kitchen sets and air conditioners.

The beach resort project comes on the heels of its “Northshore” on Pattaya’s Beach Road Soi 5.

Finally, Raimon will be embarking on its newly acquired 13-rai riverfront plot overlooking the Shangri-La and Oriental hotels in Bangkok. Bought recently for Bt900 million, the project is expected to keep the company busy for the next three years. Tentatively called “The River”, the plot enjoys a 120-metre waterfront.

Though the project is still on the drawing board, Raimon expects it will probably be largely for residential use.

With the profits locked in from finished projects such as The Legend and Northshore coming to the company, as well as fresh capital raised from warrant conversions, Raimon is expected to have about Bt2 billion in cash to build its three new projects.

Source : THE NATION : Nov 14, 2005

[cHemon]

I want it to be in Bangkok

[Nongkhai_tong]

61 storey !! That is very tall!!! great news for Pattaya

[Zimoune]

Originally Posted by cHemon

I want it to be in Bangkok

It will, but without the beach.

[BKKinTO]

good news indeed for Pattaya...

[DD2020]

The project , high speed train to Chonburee will be a big boost for Pattaya's realestate sector in the next 2-5 years...

But I guess the constructions will not begin soon until the current Airportlink is done..

[Zimoune]

The airportlink will link airport to where? Pathumwan?

[Mosaic]

Originally Posted by Zimoune

The airportlink will link airport to where? Pathumwan?

Phayathai BTS station.

[Mosaic]

I am jealous Pattaya. I hope BKK would get one too.

[ThirskUK]

Can't wait to see the rendition...

[archstudent]

you did well 'raimon land'

[pon]

Pattaya is really booming.....
OMB but it's really good news.

[Chad]

Just a quick notice, Architect who designed this project was before worked for Foster Partners for 8 years...

[Mosaic]

Can't wait to see its rendering.

[Pas]

Dang.. I can see friendly skyscraper rivalry coming up between BKK & Pattaya.
Or should I say Pattaya vs Gold Coast vs Benidorm
Pattaya skyline will be awesome with this project, the Sails and that proposed 75 storeys (?) tower by Rangsan Architecture

[Mosaic]

Originally Posted by Pas

Dang.. I can see friendly skyscraper rivalry coming up between BKK & Pattaya.
Or should I say Pattaya vs Gold Coast vs Benidorm
Pattaya skyline will be awesome with this project, the Sails and that proposed 75 storeys (?) tower by Rangsan Architecture

I think it should be Pattaya vs Penang at first stage.

[Chad]

Raimon Land Secure Baht 1,240 million project finance for "NORTHPOINT PROJECT"

BANGKOK: Mr Nigel J. Cornick, CEO of Raimon Land announced that the Company has signed a loan agreement with Siam Commercial Bank to provide the project financing for “NORTHPOINT” condominium development located at Wongamart, North Pattaya.

Commenting on the loan facility Mr. Cornick said “We are delighted to have entered into this funding facility with SCB. It is a further demonstration of confidence that the Bank has in the Company by providing facility of Baht 1.2 billion for this.

He went onto add “One of the key factors in securing this facility was the excellent location of “Northpoint”, together with the Grade A condominium product that we will deliver. The project is located in Naklua Road, Pattaya, has approximately 80 meters beach frontage and is adjacent to Aisawan Resort and Spa. It is envisaged that the development will be composed of two towers offering one, two and three bedroom units with extensive landscaping, swimming pools and recreational facilities. All units will have panoramic sea views.

“The success of Raimon Land’s Northshore Project, the first Grade A condominium to be launched in Pattaya for many years has highlighted the substantial demand for quality condominiums in Pattaya, particularly close to the town centre and the north end of Pattaya. We are therefore very confident that the new project to be known as “NORTHPOINT” will be well received by the market and set a new benchmark for the Eastern Seaboard real estate market.” Mr. Cornick stated.

Raimon Land’s shares are listed on the Stock Exchange of Thailand. Further information in regard to Raimon land and its projects may be viewed on www.raimonland.com.

Source : Raimonland : Dec 2005