By The Nation
The company emphasises strong domestic financial status with Fitch Ratings at AA for year 2019. It is ready to launch four new projects worth a total of more than Bt20.9 billion, starting with the Bt-3.6 billion ‘CLOUD Residences - SKV 23,’ a luxury condominium in Asoke. It aims to penetrate the market gap of luxury condominium in inner Sukhumvit with affordable prices from Bt 5.99 million.
Paul Nie, Regional Sales & Marketing Director of Risland (Thailand), said the property market in 2020 faces many challenges such as the global economic downturn undermined by the trade war which has affected many countries including Thailand, the baht which keeps getting stronger and the Covid-19 outbreak which aggravates the economic slowdown. Risland has developed 15 property projects in the US, New Zealand, India, England, Vietnam, Indonesia and Thailand with a combined value of around Bt100 billion. In 2020, Risland aims for a 50-per cent growth in revenue globally by applying the strategy, “Think Global, Act Local,” under the concept of “Be the Change, Create the Future”.
This year Risland (Thailand) plans to launch four new projects worth a total of more than Bt20.9 billion, comprising two condominium projects and two mixed-use projects. It will focus on strategic locations with convenient transportation at affordable prices to meet real demand. The company is also confident of its financial status which can support the business during unfavorable market sentiment for a long time until the situation improves. The company was assigned AA rating for 2019 by Fitch Ratings, which is the country’s highest credit rating in property segment. Risland (Thailand) launched two projects; CLOUD Thonglor-Phetchaburi which is now over 50 per cent sold and The LIVIN Phetkasem which has received good response with Bt 700 million in booking for the first phase worth Bt750 million. As a result, the company last year posted more than Bt4 billion in sales from the 2 projects, Nie siad.
CLOUD Residences - SKV23 is a 43-storey high-rise condominium located in the heart of Asoke on Sukhumvit 23 and is the first project this year. Located near both BTS Green Line and MRT Blue Line, the neighborhood is a lifestyle hub surrounded by offices, hospitals and leading educational institutions. Land price soars consecutively by approximately 8 per cent per year while the take-up rate is 82 per cent.
The project comprises a total of 372 fully-fitted units designed in a modern style with a remarkable height as it will be the tallest building on Sukhumvit Soi 23. The interior design is made to give the feeling of hotel stay, with triple floating facilities as the highlight. This project occupies 1,400 square meters, featuring all-inclusive facilities such as swimming pool, jacuzzi, rest area surrounding the swimming pool, yoga room, sky lounge, co-working space, a meeting room and over 1,000 sqm of green area.
The first sales call is set for March 20-21, 2020 at CLOUD Residences - SKV23 Sales office.