The River Pre-Sales Event Draws Crowds

Raimon Land’s latest project on Chao Praya proves Thai real estate sector still strong. Investors are confident in future.

Date: March 13, 2007

On March 9-11th, at The Shangri-La Hotel, Raimon Land held its exclusive pre-sales event for The River, the company’s latest project on the banks of the Chao Praya River.

The event, open only to people who had registered their interest online at www.theriverbangkok.com drew enthusiastic crowds, ready to secure a unit in Raimon Land’s highest valued project to-date.

Featuring two towers, including one that will be the tallest residential building in the city, The River is widely expected to become an icon that will redefine the Bangkok skyline for years to come.

Raimon Land CEO Mr. Nigel Cornick commented: “With overall sales volume exceeding Baht 2 Billion over three days and prices achieving THB 150,000 per sq.M, we look forward to releasing more units in the lead up to the opening of our on site sales office and show suites.”

“In particular, there was a resumption in significant purchases from foreigners as they overlook the recent political and property ownership issues. Foreign investors now realize that the condominium freehold structure offers one of the most secure investment vehicles in the Kingdom. Astute local investors were also well represented accounting for a large proportion of the sales.” added Mr. Cornick.