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Property News

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2009-06-24

The Heights Phuket condominium celebrates completion

Luxury property developer, Raimon Land, recently celebrated the completion and opening of its award-winning The Heights Phuket condominium development on Phuket Island.

Construction of the exclusive 51 condominium units nestled atop a hillside overlooking Kata Beach was successfully completed on time and to specification. With an overall value of THB 1,205 million, The Heights is one of a few completed luxury projects still with availability on Phuket. The fast-selling project is 90% sold-out, with just five units available with prices ranging between THB 21,365,373 and THB 41,413,840.

Raimon Land Chief Executive Officer, Hubert Viriot, said: “The Heights provides an excellent example of the superb residences currently available through Raimon Land and I am certain this development will provide our owners with the long term value they expect from our company’s projects.”

The Heights, which won the Best Condo Development (Phuket) at the Thailand Property Awards 2008 and offers commanding views of Kata Bay, is designed to complement the site´s established lush garden environment and embraces pioneering technologies and systems to minimise carbon emissions.

In a difficult sales climate, The Heights Phuket is one of a few in recent times who have built-out and delivered to buyers. More developments on Phuket are scheduled to be completed this year, but many delays are expected as buyers for the unsold units are scarce, currently.

Asia Property Report -2009 June 23 - News

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