RML <\/span><\/strong>has reported satisfactory financial results for 2024, with strong sales for its luxury condominium ‘Tait Sathorn 12’<\/strong> in the heart of Sathorn, achieving sales of up to 99%. The transfer of ownership has already exceeded 4,050 million baht, representing 96% of the total units. It is expected to be sold out and fully transferred within the first half of 2025. Meanwhile, the luxury grade A+ office building ‘One City Centre’<\/strong> has achieved nearly 80% occupancy from leading companies both domestically and internationally, preparing to enter a REIT in the near future. Looking ahead to 2025, RML plans to launch three new projects with a total value of 19 billion baht.<\/p>

Mr. Sorapong Ma Muang, Chief Financial Officer of RML or Raimon Land Public Company Limited<\/span> stated, “Although the real estate market in 2024 faced challenges from economic factors and changing market conditions, RML's projects continue to receive positive responses from the luxury customer segment, which is a key factor supporting the company's goal for a business turnaround in 2025, with the ‘One City Centre’ project being a crucial component.”<\/p>

Over the past four years, RML has consistently invested in projects such as ‘The Estelle Phrom Phong’, ‘Tait Sathorn 12’, and ‘One City Centre’, which have provided good long-term returns. In 2024, the company strictly followed its Transformation strategy, which included raising capital from major shareholders amounting to 681 million baht, effective cash flow management, timely repayment of principal and interest, accelerating inventory turnover to convert to cash, and asset management to enhance value. Additionally, the company restructured its organization to reduce fixed costs and focused on asset-light investment strategies by partnering with landowners to lower development costs, reinforcing the company's commitment to sustainable and stable growth.<\/p>

* Information as of December 1-31, 2024<\/p>

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“2024 is a crucial year, and effectively implementing the Transformation strategy is a key factor that will clarify the turnaround goals for 2025. Management is confident that the company will return to profitability, with the ‘One City Centre’ project as a main component, while also moving forward to expand its project portfolio with three new projects worth 19 billion baht within this year.”<\/strong><\/p>