Raimon Land Plc Is All Set To Decrease Prices of Residential Projects
Raimon Land Plc is all set to decrease prices of new residential projects planned to be launched in 2009 because of decreasing construction expenses, said COO of Raimon Land PLC
"We are analyzing construction expenses to regulate selling prices of fresh and upcoming projects," he said. The fresh project consists of 185 Rajdamri, a super-luxury freehold condominium located on Ratchadamri Road. Raimon purchased this plot for a value of 1.4 billion in 2008.
The developer is thinking about reducing the starting prices of this project less than 200,000 baht per square meter, which was down from the 240,000 - 300,000 baht made known to the purchasers in 2008.
The director of the Real Estate Information Center, said the steel price index had gone down by 47% which was approximately 164.1 points in March, from its July 2008 maxim point of 309.9. Simultaneously, the price of gasohol 95 had gone down by 33% to 26 baht per liter.
Raimon is also amending its plan for another new project i.e.The Amalfi. The Amalfi is a 15 villa project on a 43-rai plot. The value of this plot is somewhere around 500-600 million baht. This plot is located somewhere in between Surin and Bang Tao beaches in Phuket. Amended selling prices for villas at Amalfi would be much less than 250 million baht each.
Raimon is also looking forward to amend the prices of another new project i.e. The Edge. The Edge is a high-rise condominium project on a 5-rai beachfront plot. This plot is located on Wong Amat Beach in Pattaya. The value of the land is 300-400 million baht. According to the earlier plan, the condominium would have a total commercial area of 30,450 square meters, consisting of 274 units with selling prices of 156,000 baht per square meter.
"We are analyzing construction expenses to regulate selling prices of fresh and upcoming projects," he said. The fresh project consists of 185 Rajdamri, a super-luxury freehold condominium located on Ratchadamri Road. Raimon purchased this plot for a value of 1.4 billion in 2008.
The developer is thinking about reducing the starting prices of this project less than 200,000 baht per square meter, which was down from the 240,000 - 300,000 baht made known to the purchasers in 2008.
The director of the Real Estate Information Center, said the steel price index had gone down by 47% which was approximately 164.1 points in March, from its July 2008 maxim point of 309.9. Simultaneously, the price of gasohol 95 had gone down by 33% to 26 baht per liter.
Raimon is also amending its plan for another new project i.e.The Amalfi. The Amalfi is a 15 villa project on a 43-rai plot. The value of this plot is somewhere around 500-600 million baht. This plot is located somewhere in between Surin and Bang Tao beaches in Phuket. Amended selling prices for villas at Amalfi would be much less than 250 million baht each.
Raimon is also looking forward to amend the prices of another new project i.e. The Edge. The Edge is a high-rise condominium project on a 5-rai beachfront plot. This plot is located on Wong Amat Beach in Pattaya. The value of the land is 300-400 million baht. According to the earlier plan, the condominium would have a total commercial area of 30,450 square meters, consisting of 274 units with selling prices of 156,000 baht per square meter.
Labels: condominium, Real Estate information center, villas
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