Property/RML

Editorial staff

After exceeding bond issuance target, Raimon Land Plc (RML) plans to launch new luxury mixed-use project in Phuket in the second quarter of this year.

Korn Narongdej, RML’s chairman of the executive committee said that RML has successfully issued and offered its latest round of corporate bonds, receiving overwhelming interest from investors. The total subscription exceeded the initial target of 300 million baht, reaffirming strong investor confidence in the company’s business strategy and long-term vision.

“This achievement underscores the strong trust investors have in RML and our steadfast business direction. We remain committed to driving RML as a leader in luxury and ultra-luxury real estate development, delivering high-value projects that generate sustainable returns for our investors and stakeholders in the long run,” he said.

Building on this momentum, RML is set to launch a luxury mixed-use development in Phuket in the second quarter of this year, with a total project value of 10 billion baht.

This branded residence project will feature ultra-luxury villas and a hotel, catering to high-net-worth individuals (HNWIs) both domestically and internationally. The project is designed for affluent buyers seeking prime residential properties, including second homes, retirement residences, and high-end vacation accommodations in one of Phuket’s most prestigious locations.

Mr Korn said that RML remains committed to executing its strategies with precision, both internally and externally. Internally, it has restructured the organization to enhance operational efficiency and agility, ensuring sustainable long-term growth. Externally, RML is continuing its expansion by introducing new developments that generate recurring income. Alongside these initiatives, it would focus on cost efficiency, maintaining strong liquidity, and reinforcing RML’s financial structure to support stable and sustainable growth.

With the strategies, the company has set an ambitious sales target of 7.5 billion baht for 2025, representing an 80% increase from the previous year.