Raimon Land Posts Record Performance for 2014

Real Estate Press Releases Friday March 6, 2015 18:32
Bangkok--6 Mar--FRANCOM ASIA
THB 1.2 billion net profit hit historical high
Revenue increased 15% Y-o-Y, with gross and net margin expansion due to effective execution
Strengthened balance sheet with interest-bearing debt to equity reducing further to 1.0x
Highest prices per square meter achieved through leadership in premium segment

Thailand’s leading luxury real estate company, Raimon Land Public Company Limited, delivered another year of record financial performance in 2014, with annual net profits of THB 1.2 billion, representing an increase of 64% Y-o-Y.

Financial Highlights
The firm recognized revenue of THB 6.6 billion for the full year, representing an increase of 15% Y-o-Y.

As a result of effective execution across all business units, gross and net margins expanded to 41.5% and 18.4% respectively. As a result, the company has now eliminated all retained losses from the past, and Q4 2014 marked the 11th straight consecutive quarter of profits.

Furthermore, the company’s interest-bearing debt to equity ratio now stands at 1.0x, a significant reduction from 2.4x at the end of Q4 2013.
Strong Bookings and Sales

Sales across all of Raimon Land’s current properties have continued strongly in 2014, a reflection of the company’s strength in the premium segment, and confidence of clients in the quality of the brand’s developments.

The company recorded strong bookings across all current properties for the year, with robust demand in the Thai market for the high-end sector. Meanwhile, sales at 185 Rajadamri have set new records for the highest price per square meter achieved to date in Thailand, with prices hitting well north of THB 400,000 per square meter.

.           The prudent policy of requiring 25 to 40% deposits of the selling price has maintained a very low transfer-failure rate (approximately 1%) which has continued to ensure a high proportion of owners and investors who are committed long-term to each development.

In particular, sales for Zire Wongamat have reached 91%,with transfers commencing in Q4 2014, 185 Rajadamri is now 89% sold with 60% of sales value transferred. The River is now 94% sold with 95% of sales value transferred.

Repeat customers represent over 35% of pre-sales, reflecting the confidence clients have in the Raimon Land brand.
Recognized Leader in Premium Segment

Raimon Land is effectively reaching and selling Thai property to both local and international markets. The company will continue to maintain its strong position as the leading real estate company for high-end residential property through landmark developments, ongoing partnerships and targeted initiatives.

The Collection – Penthouses by Raimon Land and the Limited Edition initiatives are positioned to capture a new audience in the premium market segment, which Raimon Land has already proven to be successful. Marketed as an exclusive offering, these bespoke properties are sold as premium homes for discerning home owners looking to purchase the best of the best. Mews Yen Akat is an upcoming Limited Edition landed estate scheduled for launch in mid-2015 which will continue to position Raimon Land at the forefront of refined living. The company has already received registration of interest well above expectation from prospective buyers.


Latest Press Release

Areeya Property Launches 8 New Projects for the 2nd Half of the Year and Reveals 5 Consumer Trends for Real Estate Business

Areeya Property, Thailand's leading real estate company, launches 8 new projects for the 2nd half of the year, with over 7,275 million baht worth, and a new campaign "Areeya: Happiness is in the Air" to correspond with 5 new consumer trends in 2018 that...

CHAO PHRAYA ESTATE, CANADIAN EMBASSY AND WAT SUTHIWARARAM SCHOOL HELP #CLEAN UP THE WORLD# IN BANGKOK

On Saturday 15 September, the leadership team from the landmark luxury mixed-use Chao Phraya Estate development joined forces with officials from the Canadian Embassy of Thailand along with teachers from nearby Wat Suthiwararam School to help clean up...

SCG Hosts SCG Open House, Reflecting Ambitions of Young Generation and Company Leaders to Create Innovations for Digital Era and Pass on Their Passion to Participants for the Better

SCG hosted its first "SCG Open House" at SCG Head Office in Bang Sue under the theme "Discover Our Passion, Discover Your Passion." The Open House allowed new generations to discover how the organization drives growth in 3 core businesses with...

SPACES When Generations Collide in the Workplace

Global creative workspace provider Spaces has busted the myth that flexible working and co-working is a new millennial craze, with new research showing that 51% of people born pre - 1964 work remotely for more than half the week, in comparison to a...

CBRE APPOINTED TO SELL 28-RAI LAND ON RATCHADAPISEK

CBRE has been appointed to sell, by tender, a 28-rai or 11-acre site with a Floor Area Ratio (FAR) of 7:1 on Ratchadapisek. The site has the potential to be developed into a landmark mixed-use development. The tender submission date is Wednesday, 28...

Related Topics