RML (Raimon Land) reaffirms confidence in the ongoing growth trend of the leasehold condo market, which continues to be popular among both residents and investors. Recently, it launched 52 special units of the ‘The River’ project, a luxury resort-style condo along the Chao Phraya River, highlighting spacious living areas ranging from 58 to 146 sqm with 1 to 3 bedrooms, starting at just 100,000 THB/sqm to capture demand in the final quarter of this year.

Mr. Korn Narongdej, Director and Chairman of the Executive Board of RML or Raimon Land Public Company Limited, stated, “Leasehold condominiums have continued to gain popularity, especially in prime urban locations, due to their more accessible pricing compared to freehold condos. This allows investors to achieve better rental returns, averaging 6% per year. Additionally, leasehold projects offer the advantage of allowing foreigners to hold 100% ownership, making them an attractive option in areas where freehold ownership is becoming more restricted. To meet the increasing market demand, RML has launched ‘The River Private Residences,’ special leasehold units from ‘The River’ project that cater to all lifestyles, surrounded by leading shopping centers, renowned restaurants, five-star hotels, and prestigious international schools like Shrewsbury International School. These special units are priced at an average of only 147,000 THB/sqm, which is 30-40% lower than freehold condos in the same area, while also offering larger living spaces. We expect strong interest from customers looking for condos along the Chao Phraya River.”

According to research data from CBRE for Q3 2024, there are only 18,671 condos along the Chao Phraya River, accounting for 9.9% of the total supply in that area, with an absorption rate as high as 98%. This clearly indicates strong demand, thanks to the beautiful scenery and convenient transportation that connects to key business districts like Silom and Sathorn, making the riverside area a continuously attractive location for both Thai and foreign residents and investors.

The special units of ‘The River Private Residences’ are offered as long-term leasehold rights for 30 years, with an option to extend for another 30 years. There are a total of 52 units located on high floors, from the 23rd to the 27th, allowing every unit to enjoy views of the Chao Phraya River and the Bangkok skyline. The units feature spacious living areas ranging from 58 to 146 square meters, starting at just 100,000 THB/sqm.

‘The River’ is situated in a prime location along the Chao Phraya River, just a 5-minute drive to Icon Siam and 10 minutes to Asiatique The Riverfront, close to international schools, leading shopping centers, restaurants, lifestyle venues, and five-star hotels. It is accessible by car, public transport, or the Gold Line BTS, which connects to the Green Line. The project also offers privacy and a serene atmosphere with large green spaces, along with international standard amenities such as a private pier, Olympic-sized swimming pool, gym with river views, playground, and much more.

Experience luxurious riverside living and discover the elegance and aesthetics of living at ‘The River Private Residences’ today. For more information, call 02-029-1888 or visit the website here.