RML Achieves 100% Transfer of ‘The Estelle Phrom Phong,’ Worth 5.2 Billion Baht Plans to Complete Transfer of ‘Tait Sathorn 12’ by Q4 2024

RML (Raimon Land Public Company Limited) announces the successful completion of 100% transfer of units at ‘The Estelle Phrom Phong,’ an ultra-luxury condominium project located in the heart of Sukhumvit. The project, a joint venture with Tokyo Tatemono, one of Japan’s leading real estate developers, comprises 146 units and has a total project value of 5.2 billion baht. This milestone underscores the strong market confidence in the RML brand as a leader in luxury and ultra-luxury real estate development in Thailand. Following this success, RML is on schedule to complete transfer of units for the ‘Tait Sathorn 12’ project, valued at 4.4 billion baht, by Q4 of this year.

Korn Narongdej, Director and Chairman of the Executive Committee of RML said, “The Estelle Phrom Phong is a testament to our commitment to delivering ultra-luxury living spaces that cater to the sophisticated needs of our clients. Situated in a prime location just minutes from BTS Phrom Phong and The EmDistrict, this project features world-class design by SCDA, a renowned architectural consultancy. With only eight units per floor, residents enjoy unmatched privacy, with some units offering private elevators. Exclusive services include 24-hour concierge and a shared limousine service featuring Mercedes Benz S-Class vehicle, available exclusively to co-owners. Additionally, the project boasts unique amenities such as Guest Suites, which are not typically found in other developments. With rental yields of up to 5%, The Estelle Phrom Phong has also attracted significant interest from investors. The success in achieving 100%-unit transfer not only reflects the high demand for ultra-luxury condominiums but also proves RML's commitment to continuously offering the best to its customers.”

Looking ahead, RML is preparing to complete the transfer of its next joint venture project with Tokyo Tatemono, ‘Tait Sathorn 12,’ a luxury, pet-friendly condominium in the heart of Sathorn. Comprising 231 units with a total project value of 4.4 billion baht. Currently, transfers amount to 3.6 billion* baht, or approximately 90%* of the units ready for transfer. The company is confident that it will meet its target of completing the unit transfers by Q4 2024.

*Data as of August 31, 2024.