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Old March 28th, 2009, 12:19 PM   #181
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"Raimon set on keeping prime sites
Plots on Ratchadamri, Phloen Chit not for sale
By: KANANA KATHARANGSIPORN
Published: 28/03/2009 at 12:00 AM
Newspaper section: BusinessThe listed developer Raimon Land is determined to keep two prime plots on Ratchadamri and Phloen Chit roads despite strong interest from investors, says chief operating officer and director Kitti Tungsriwong. ''We will not sell them. They are very prime,'' Mr Kitti said yesterday.

His comments followed the release of an analyst's report from Siam City Securities showing a drop in the company's cash on hand to 336 million baht at the end of 2008, from 549 million at the end of the third quarter.

The analyst said Raimon Land's debt-to-equity ratio at the end of 2008 had risen to 2.13 times from 2.04 times at the end of the third quarter.

''The financial status of Raimon Land has become more risky due to stricter loan extensions from financial institutions,'' said the analyst.

Raimon has slowed down development plans for the two plots and revised the investment as the world economic crisis has weakened both purchasing power and foreign investment.

The four-rai plot on Ratchadamri Road had been earmarked for 185 Rajadamri, a luxury condominium with 200 units priced higher than 300,000 baht per square metre.

Raimon acquired the seven-rai site on Phloen Chit Road in the third quarter of last year from a group of Thai and Taiwanese investors led by Tan Passakornnatee, with a selling price reported to be 1.2 million baht per square wah.

During the negotiations for the Phloen Chit plot, the company also looked at a two-rai site close to Center Point on Wireless Road. It set up a subsidiary, Wireless One Residence Co Ltd, for the acquisition but the deal never went ahead.

''Now the subsidiary is just a shell,'' said Mr Kitti. ''This year we will concentrate on two projects with no investment in new land plots.''

The company's focus will be on the Northpoint Pattaya condominium, construction of which should be completed within the year, and The River, a luxury condominium worth 14 billion baht on the west bank of the Chao Phraya River.

He said the company was not worried about construction of both projects as it had project loans. The River has a credit line of 5 billion baht from three banks including Standard Chartered, TMB Bank and Siam City Bank.

Currently, the 5-billion-baht Northpoint has sales of 3.25 billion baht while The River has reported sales of 7.8 billion.

The company yesterday held an extraordinary general meeting of shareholders, at which it confirmed a stock dividend of 0.0837 new shares at one-baht par apiece and a cash dividend of 0.0093 baht a share to pay taxes.

Mr Kitti declined to comment on reports that Raimon was laying off staff. However, a former employee told the Bangkok Post that the company announced its latest layoff scheme on Wednesday, offering severance pay plus one-month salary."
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Old May 9th, 2009, 09:50 PM   #182
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Today 10 April 2009

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Old May 10th, 2009, 06:54 AM   #183
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still .....
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Old May 10th, 2009, 01:39 PM   #184
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frozen...
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Old May 10th, 2009, 02:37 PM   #185
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There wont be any news till atleast the end of the yuear.
Raimonland cant start any project without finishing an existing one
They sold over 85% in North Point, they need to get the Transfer 60% balance from the buyers and then they are back in the game with amazing land plots.They just need to get till the end of they year when NorthPoint will be ready to transfer...
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Old May 11th, 2009, 06:03 AM   #186
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ลูกบ้าน บ้านราชดำริ ค่อยโล่งหน่อย คงอีกนานกว่าจะได้เลิก เอ๊ย ฤกษ์สร้างต่อ
ปล.ที่ดินเดิมเป็นที่ดินสถานทูตเขมรป่ะครับ
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Old May 11th, 2009, 07:06 AM   #187
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dead?
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Old May 11th, 2009, 07:14 PM   #188
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Quote:
Originally Posted by knrOctober View Post
ลูกบ้าน บ้านราชดำริ ค่อยโล่งหน่อย คงอีกนานกว่าจะได้เลิก เอ๊ย ฤกษ์สร้างต่อ
ปล.ที่ดินเดิมเป็นที่ดินสถานทูตเขมรป่ะครับ

yes, the former Cambodia Embassy

Last edited by Mosaic; May 11th, 2009 at 08:27 PM.
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Old May 11th, 2009, 07:24 PM   #189
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Comma...555
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Old October 9th, 2009, 06:41 PM   #190
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any update about relaunching in Dec 09 with revised unit plan?
heard price will start less than 200K?
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Old October 9th, 2009, 09:46 PM   #191
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I honestly think 200k per sqm sounds very possible at this period of time. most of the inner sukhumvit area new launches are starting at 150k and selling so well.

185's location is one of the best's best location in the entire of country. Why just 200K isnt possible. Gimme a single reason.
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Old October 9th, 2009, 10:33 PM   #192
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Quote:
Originally Posted by Chad View Post
I honestly think 200k per sqm sounds very possible at this period of time. most of the inner sukhumvit area new launches are starting at 150k and selling so well.

185's location is one of the best's best location in the entire of country. Why just 200K isnt possible. Gimme a single reason.

185's position was set much more superior than AP suk28, Quattro, or AP sathorn 12, (120-170K/sqm) in all aspects, i.e. design, materials, facilities, and of course location even unfurnished. 185 land plot as I remember was purchased around 700K/sq.wa 3 years ago before those 3 projects secured their plots at much lower costs.

So to me 180-200K for 185 sounds impossible or it might be for big unit or low floors with interrupted view.
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Old October 10th, 2009, 11:41 AM   #193
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My point of "possible" was that 200K aint too high...

image hosted on flickr
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Last edited by Chad; October 10th, 2009 at 11:50 AM.
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Old October 10th, 2009, 02:35 PM   #194
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Quote:
Originally Posted by Chad View Post
My point of "possible" was that 200K aint too high...

image hosted on flickr
thanks for nice pix.
Breathtaking view for that duplex.

heard that rendering has not been changed but will be more smaller units


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Old October 10th, 2009, 04:55 PM   #195
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สงสัยต้องรอ the river มั้ง เพราะ north point ก็ยังไม่เสร็จดีเลย
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Old October 10th, 2009, 05:18 PM   #196
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nice rendering. it does look like the river and north point designs.
that room is going to be hot, and will need some serious AC.
230k-250k baht price range is what I hear
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Old October 10th, 2009, 08:47 PM   #197
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กลบรัศมีของบ้านราชดำริหมดเลย อิอิ
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Old October 10th, 2009, 09:35 PM   #198
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ชอบ สวยดี
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Old October 11th, 2009, 09:26 AM   #199
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สวยดีอ่ะ ชอบ ๆๆ
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Old October 11th, 2009, 11:02 AM   #200
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สุดยอด !!
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