Thailand Real Estate – Luxury condominium developer Raimon Land announced today the diversification of its product portfolio through the launch of three Private Residence Clubs in Thailand.

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Real Estate: Raimon Land launches Private Residence Clubs in Thailand

The Registry Collection, a branch of Wyndham Worldwide hotels, will open three private residence clubs in Thailand. Developed by Raimon Land, the new resorts will include The Heights Private Residence Club in Phucket, The River Private Residence Club in Bangkok, and the Northpoint Private Residence Club in Pattaya.

The Heights Private Residence Club will be the first release, with priority registration from Raimon Land starting at the Alternative Ownership Conference of Hotels & Resorts—Asia Pacific 2009 in Phucket, on October 12-13.

Situated above Kata Beach with views of the Andaman Sea, The Heights Private Residence- IFA Collection has large open terraces and living areas and recreational choices at the clubhouse, which include an infinity pool, a sun deck, and a Jacuzzi.

The River Private Residence Club-IFA Collection in Bangkok will be located in two towers along the Chao Phraya with views of the surrounding landscape. The facilities will include sky gardens, a 50-meter pool, and dining facilities.

And last, but not least, the Northpoint Private Residence Club- IFA Collection in Pattaya will overlook the Wong-Amat Beach with access to 20 championship golf courses. Featuring a mix of one, two, and three-bedroom units, duplexes, and penthouses, residents can swim in tiered horizon pools, or relax in the surrounding gardens before visiting the outdoor dining facilities.

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The completion of the Suvarnabhumi-Bangkok International Airport has spurred growth in commercial property markets in eastern Bangkok as well as in the beach resort of Pattaya. Thailand has become even more accessible by air with a wide range if International carriers using Bangkok as a hub. In recent years, there has also been a surge in budge carriers, offering very competitive prices to both local and international destinations.

Compared to 1997 Real estate companies are able to respond much more quickly to changes

Thailand’s property market was able to rebound from past crises and there is every reason to believe it will be able to absorb the blow of recent political tensions. The taxation situation has actually improved the conditions for purchasing property in Thailand, and if property prices do dip slightly as a result of the current situation it may actually be a good time to buy as there is a very real possibility Thailand property will regain its golden outlook soon. As a result, the financial condition of most major housing developers in Thailand is much more robust than in the past. The development of the local bond markets and increasing domestic savings has the made the industry much less dependent on foreign funds, a significant difference from 1997.

Any fall in domestic savings will impact Thai Real Estate Market corporate funding and investment. Mortgage loans will be more difficult to obtain : The slowing economy will force Thailand’s banks to be more restrictive in their lending practices. Mortgage loans will be more difficult to acquire with rejection rates rising. Lower supply : Responding to slowing market conditions, developers will lower their risks by building fewer homes and reducing supply. New housing supply will also be reduced because developers will have more difficulty obtaining equity, bond and credit market financing because of the global financial crisis. Lower construction costs : The slowing global economy will result in lower construction materials costs as global demand for these materials decreases. Investors and speculators become sellers : Although current investment and speculative demand is still low, it is prevalent in some condominium-markets and tourist- property categories.Speculators expect to generate profits from price appreciation. If prices do not appreciate as expected on Thai Real Estate Market, they become sellers.

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