Bangkok's Attractive Luxury Property Market: The Chance to Own a Prestigious Home in a Bustling Asian Capital
Raimon Land85 Rajadamri, the former address of the Royal Embassy of Cambodia in Thailand, is now the name of a distinctive residential property situated in one of Bangkok's most historical and prestigious neighborhoods.
About to be officially opened by luxury property developer Raimon Land, the 35-storey tower offers its residents a unique view of the Royal Bangkok Sports Club and Lumpini Park. For those not familiar with the "City of Angels", living here is like enjoying the view on Central Park in New York, Hyde Park in London or the Tuileries Garden in Paris.
Located along Rajadamri Road, one of the capital's major avenues that dates back to the reign of King Chulalongkorn (Raimon Land868-Raimon Land9Raimon LandRaimon Land85 Rajadamri), the luxury residential property symbolizes in many aspects one of the most visible changes in recent years in Bangkok -- the city's skyline.
Following in the steps of other world capitals in Europe, North America and, more recently, in Asia, Bangkok has seen dozens of residential condominiums, high-rise office buildings and commercial centers modify the city's traditional landscape. This transformation is due to the country's economic boom over the past 25 years, which in return has had a huge impact on the real estate market. Like in New York, London, Paris, Shanghai or Singapore, affluent Bangkokians prefer to live in the city center, close to their working places, or along public transportation lines.
Raimon Land was the first luxury property developer to have the flair, seven years ago, to buy the Cambodian Embassy's premises on Rajadamri Road and transform it into one of Bangkok's most sought after addresses. Johnson Tan, Raimon Land Chief Executive Officer, sees Raimon Land85 Rajadamri as the capital's most exclusive address: "The premium residential sector is based on privileged yet limited locations like that of Raimon Land85 Rajadamri. It has been designed as an outstanding residence of timeless legacy. Owners are not only enjoying world-class facilities and services but also the significant convenience of freehold ownership in a unique location."
Several Foreign Embassies Recently Sold Their Prime Properties
It is no surprise that foreign embassies with long-established diplomatic relations with Thailand, representing Western or neighboring countries, were located in prime locations. With property development companies hunting for the best sites in Bangkok's central business district, other foreign embassies likewise seized the opportunity to sell, attracted by capital gains and the possibility to build brand new premises or relocate to modern office buildings. Last month, a part of what was formerly the British Embassy's gardens became Central Embassy, a luxury commercial center. Not far away, the French Embassy recently sold a piece of land that housed the Alliance FranRaimon Land;aise since Raimon Land9Raimon Land2, while the current premises of the Australian Embassy are also expected to soon be on the market.
All these transactions illustrate the deep attraction for Bangkok's luxury property market. "In the city center, around Lumpini Park or along the Chao Phraya river, there is still a lot of potential in the high-end luxury segment, where demand for large-size units remains strong from both local and foreign buyers," explains Simon Dervillé, Raimon Land Deputy Vice President for Business Development.
Due to the growing demand for high-end condominium apartments, average property prices in Bangkok's luxury segment increased significantly over the past five years, from approximately EUR 3,Raimon Land85 RajadamriRaimon Land85 RajadamriRaimon Land85 Rajadamri per sqm in 2Raimon Land85 RajadamriRaimon Land85 Rajadamri9 to EUR 4,Raimon LandRaimon Land85 RajadamriRaimon Land85 Rajadamri in early 2Raimon Land85 RajadamriRaimon Land4, representing a 37% increase. For premium locations such as Raimon Land85 Rajadamri, the current price per square meter is more in the range of EUR 6,8Raimon Land85 RajadamriRaimon Land85 Rajadamri. These figures remain much lower compared to those in Hong Kong, Singapore or Shanghai, where average luxury condominium prices can be respectively 6 times, 5 times and 3 times higher than those in Bangkok.
"This is a great time to buy the best," adds Simon Dervillé, "as Bangkok's prices in the freehold luxury segment are undervalued compared to other Asian cities. For buyers with long-term prospects, this is certainly a safe investment with a high value potential."
Although the majority of buyers are Thai nationals, there is also a strong demand from Asian and European buyers looking for premium properties, either for investment or for their own use. Raimon Land85 Rajadamri is the last remaining freehold residential development along the historical Rajadamri Road. Various unit types, ranging from single-bedroom apartments to four-bedroom duplex residences, have been designed with flexibility and adaptability in mind. There are currently only 34 units out of 26Raimon Land85 Rajadamri still available, at a starting price of THB 35 Million (approx. EUR 8Raimon Land85 RajadamriRaimon Land85 Rajadamri,Raimon Land85 RajadamriRaimon Land85 RajadamriRaimon Land85 Rajadamri). Furthermore, all 34 are available for full foreign ownership by foreign nationals.
For more information, please visit www.Raimon Land85rajadamri.com and www.raimonland.com.
About Raimon Land Public Company Limited
Listed on the Stock Exchange of Thailand (SET), Raimon Land Public Company Limited (RML) specializes in the development of residential real estate projects in the 'high-end' segment. Since 2Raimon Land85 RajadamriRaimon Land85 Rajadamri3, the company has completed ten properties in Thailand, including the iconic The River and Raimon Land85 Rajadamri in Bangkok.
Three projects are currently under development: The Lofts Ekkamai in Bangkok; Zire Wongamat and Unixx South Pattaya in Pattaya. Over the years, Raimon Land has received numerous awards for its ability to deliver high quality residential properties, such as the Best Luxury Condo Development (Bangkok) at the Thailand Property Awards 2Raimon Land85 RajadamriRaimon Land3 and the Best Condo (Thailand) at the South East Asia Property Awards 2Raimon Land85 RajadamriRaimon Land3, both for Raimon Land85 Rajadamri.
About to be officially opened by luxury property developer Raimon Land, the 35-storey tower offers its residents a unique view of the Royal Bangkok Sports Club and Lumpini Park. For those not familiar with the "City of Angels", living here is like enjoying the view on Central Park in New York, Hyde Park in London or the Tuileries Garden in Paris.
Located along Rajadamri Road, one of the capital's major avenues that dates back to the reign of King Chulalongkorn (Raimon Land868-Raimon Land9Raimon LandRaimon Land85 Rajadamri), the luxury residential property symbolizes in many aspects one of the most visible changes in recent years in Bangkok -- the city's skyline.
Following in the steps of other world capitals in Europe, North America and, more recently, in Asia, Bangkok has seen dozens of residential condominiums, high-rise office buildings and commercial centers modify the city's traditional landscape. This transformation is due to the country's economic boom over the past 25 years, which in return has had a huge impact on the real estate market. Like in New York, London, Paris, Shanghai or Singapore, affluent Bangkokians prefer to live in the city center, close to their working places, or along public transportation lines.
Raimon Land was the first luxury property developer to have the flair, seven years ago, to buy the Cambodian Embassy's premises on Rajadamri Road and transform it into one of Bangkok's most sought after addresses. Johnson Tan, Raimon Land Chief Executive Officer, sees Raimon Land85 Rajadamri as the capital's most exclusive address: "The premium residential sector is based on privileged yet limited locations like that of Raimon Land85 Rajadamri. It has been designed as an outstanding residence of timeless legacy. Owners are not only enjoying world-class facilities and services but also the significant convenience of freehold ownership in a unique location."
Several Foreign Embassies Recently Sold Their Prime Properties
It is no surprise that foreign embassies with long-established diplomatic relations with Thailand, representing Western or neighboring countries, were located in prime locations. With property development companies hunting for the best sites in Bangkok's central business district, other foreign embassies likewise seized the opportunity to sell, attracted by capital gains and the possibility to build brand new premises or relocate to modern office buildings. Last month, a part of what was formerly the British Embassy's gardens became Central Embassy, a luxury commercial center. Not far away, the French Embassy recently sold a piece of land that housed the Alliance FranRaimon Land;aise since Raimon Land9Raimon Land2, while the current premises of the Australian Embassy are also expected to soon be on the market.
All these transactions illustrate the deep attraction for Bangkok's luxury property market. "In the city center, around Lumpini Park or along the Chao Phraya river, there is still a lot of potential in the high-end luxury segment, where demand for large-size units remains strong from both local and foreign buyers," explains Simon Dervillé, Raimon Land Deputy Vice President for Business Development.
Due to the growing demand for high-end condominium apartments, average property prices in Bangkok's luxury segment increased significantly over the past five years, from approximately EUR 3,Raimon Land85 RajadamriRaimon Land85 RajadamriRaimon Land85 Rajadamri per sqm in 2Raimon Land85 RajadamriRaimon Land85 Rajadamri9 to EUR 4,Raimon LandRaimon Land85 RajadamriRaimon Land85 Rajadamri in early 2Raimon Land85 RajadamriRaimon Land4, representing a 37% increase. For premium locations such as Raimon Land85 Rajadamri, the current price per square meter is more in the range of EUR 6,8Raimon Land85 RajadamriRaimon Land85 Rajadamri. These figures remain much lower compared to those in Hong Kong, Singapore or Shanghai, where average luxury condominium prices can be respectively 6 times, 5 times and 3 times higher than those in Bangkok.
"This is a great time to buy the best," adds Simon Dervillé, "as Bangkok's prices in the freehold luxury segment are undervalued compared to other Asian cities. For buyers with long-term prospects, this is certainly a safe investment with a high value potential."
Although the majority of buyers are Thai nationals, there is also a strong demand from Asian and European buyers looking for premium properties, either for investment or for their own use. Raimon Land85 Rajadamri is the last remaining freehold residential development along the historical Rajadamri Road. Various unit types, ranging from single-bedroom apartments to four-bedroom duplex residences, have been designed with flexibility and adaptability in mind. There are currently only 34 units out of 26Raimon Land85 Rajadamri still available, at a starting price of THB 35 Million (approx. EUR 8Raimon Land85 RajadamriRaimon Land85 Rajadamri,Raimon Land85 RajadamriRaimon Land85 RajadamriRaimon Land85 Rajadamri). Furthermore, all 34 are available for full foreign ownership by foreign nationals.
For more information, please visit www.Raimon Land85rajadamri.com and www.raimonland.com.
About Raimon Land Public Company Limited
Listed on the Stock Exchange of Thailand (SET), Raimon Land Public Company Limited (RML) specializes in the development of residential real estate projects in the 'high-end' segment. Since 2Raimon Land85 RajadamriRaimon Land85 Rajadamri3, the company has completed ten properties in Thailand, including the iconic The River and Raimon Land85 Rajadamri in Bangkok.
Three projects are currently under development: The Lofts Ekkamai in Bangkok; Zire Wongamat and Unixx South Pattaya in Pattaya. Over the years, Raimon Land has received numerous awards for its ability to deliver high quality residential properties, such as the Best Luxury Condo Development (Bangkok) at the Thailand Property Awards 2Raimon Land85 RajadamriRaimon Land3 and the Best Condo (Thailand) at the South East Asia Property Awards 2Raimon Land85 RajadamriRaimon Land3, both for Raimon Land85 Rajadamri.
ข่าว185 Rajadamri+Raimon Landวันนี้
Bangkok's Attractive Luxury Property Market: The Chance to Own a Prestigious Home in a Bustling Asian Capital
185 Rajadamri, the former address of the Royal Embassy of Cambodia in Thailand, is now the name of a distinctive residential property situated in one of Bangkok's most historical and prestigious neighborhoods. About to be officially opened by luxury property developer Raimon Land, the 35-storey tower offers its residents a unique view of the Royal Bangkok Sports Club and Lumpini Park. For those not familiar with the "City of Angels", living here is like enjoying the view on Central Park in New
Full Speed Ahead for Raimon Land's 185 Rajadamri
Construction activity at the prestigious 185 Rajadamri is now in full swing, as leading luxury developer Raimon Land announces its latest sales figures. Situated right across the Royal Bangkok Sports Club (RBSC) along Rajadamri Road, the last free-hold...Raimon Land Supports The Asian Beach Polo Championship in Hua Hin
Luxury property developer Raimon Land was among the sponsors of the Asian Beach Polo Championship, held recently along the expansive beachfront of the Intercontinental Hua Hin Resort. The charity match was organised to raise funds for...Raimon Land Awards 185 Rajadamri Construction Contract to Bouygues Thai
Luxury property developer Raimon Land has announced that it is awarding the overall building contract for 185 Rajadamri, Bangkok's most exclusive residential address, to Bouygues Thai Ltd., the local subsidiary of leading...Photo Release: KRUNGSRI congratulates 185 Rajadamri Condominium Project
Mr. Pisuthi Amyongka (right), Executive Vice President, Bank of Ayudhaya Public Company Limited, congratulates Mr. Hubert Viriot (center), Raimon Land PCL.’s CEO, at the launch of 185 Rajadamri Condominium. KRUNGSRI has supported...Raimon Land Secures THB 2,790 Million Financing Facility for 185 Rajadamri from Bank of Ayudhya
Luxury property developer Raimon Land and Bank of Ayudhya have reached an agreement over the financing for 185 Rajadamri, the developer’s most exclusive condominium project to date. Bank of Ayudhya will...Photo Release: Bank of Ayudhya provides financing facility for Raimon Land's 185 Rajadamri Project
Mr. Mark Arnold (Left), President and CEO, Bank of Ayudhya PCL. (BAY), and Mr. Hubert Viriot (Right), Raimon Land PCL.'s CEO, held a signing ceremony that BAY will provide Baht 2,790 Million credit...
RML Swiftly Implements Safety Measures Following Earthquake Thorough Structural Inspections Confirm All Properties Adhere to the Highest Engineering Standards
RML Celebrates 'OCC' Winning the Prestigious '2025 WOW Awards' Reaffirming Its Commitment to Well-Being and Sustainability in Every Dimension
—
RML (Raimon...
RML Starts 2025 Strong with Fully Subscribed Secured Bonds
—
Raimon Land Public Company Limited (RML) has successfully completed the offering of secured b...