What Raimon Land PCL does

Raimon Land Public Company Limited (RML) is a Thai luxury and ultra-luxury real estate developer established in 1987 and publicly listed on the Stock Exchange of Thailand under the ticker RML. The company operates across three segments: residential (luxury and ultra-luxury condominiums and landed estates including Tait Sathorn 12, The River, The Estelle Phrom Phong, The Diplomat 39, The Lofts Silom and Asoke, and 185 Rajadamri); hospitality (Somerset Riverside Bangkok and Riva Vibe Hotel); and commercial (OCC One City Centre, a 54-story Grade A+ office tower on Ploenchit Road). Over 37 years, RML has delivered projects with cumulative value exceeding THB 150,000 million (~USD 5 billion) and more than 1,000,000 square meters of built space, primarily concentrated in Bangkok's Sathorn, Phrom Phong-Thonglor, Silom, and Chao Phraya riverfront submarkets.

The company's product platform is built on prime Bangkok land access, joint-venture relationships with international hotel and luxury brands (Ennismore for SLS Residences Phuket, Tokyo Tatemono for The Estelle Phrom Phong, dwp and Tectonix for design), and a 37-year brand record recognized via industry awards including the 2024 ASA Architectural Design award and multiple 2013 Southeast Asia Real Estate Awards. Project features center on premium amenities — infinity pools, sky gyms, concierge services, branded-residence hotel services, and smart-home integrations in select towers. Per-unit pricing ranges from THB 16.8 million for entry condominiums (The Estelle Phrom Phong) to THB 209,000 per sq.m. at Tait Sathorn 12 and THB 400 million to THB 1 billion for ultra-luxury landed estates (THE 528 ESTATE and riverside houses).

RML's revenue mechanics are dominated by one-time residential property sales with revenue recognition tied to project transfer milestones — for example, Q2 2024 recognized THB 4,900M from The Estelle Phrom Phong and THB 3,400M from Tait Sathorn 12. Recurring revenue comes from OCC office leasing (tenants include KEX, Fulcrum Global, LawtonAsia), hospitality operations at Somerset Riverside Bangkok and Riva Vibe Hotel, and property management fees through the wholly-owned Raimon Land Services subsidiary. Go-to-market targets high-net-worth and ultra-high-net-worth individuals through a dedicated sales team, on-site project sales galleries, exclusive luxury-brand experiential events (Graff, Poltrona Frau, Lotus Bedding), and recently expanded international outreach to Australia targeting overseas Asian buyers. Capital structure has been actively managed, including a THB 3,588M PP-RO capital increase in February 2024 and ongoing debenture issuances (six new tranches at up to 7.35% being prepared in May 2026).

Name

Raimon Land PCL

Legal name

Raimon Land Public Company Limited

Website

https://raimonland.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Raimon Land PCL is a Thai luxury and ultra-luxury real estate developer (SET: RML) with 37+ years' experience developing branded residences, condominiums, hotels, and Thailand's tallest Grade A+ office tower for high-net-worth and ultra-high-net-worth clients.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate Investment Trusts (6798)

akta.pro primary industry

Ultra-Luxury Villas & Estates (THAMAEAA)

akta.pro secondary industries

Luxury & Estate Rentals (THAGANAF), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Luxury real estate development
• Branded residences
• High-rise condominiums
• Commercial property leasing
• Luxury hospitality services

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Residential Property Sales: Primary revenue stream from developing and selling luxury and ultra-luxury condominiums, detached houses, and branded residences. Revenue recognized upon transfer of ownership.
2. Commercial Property Leasing: Rental income from OCC (One City Centre) and other commercial properties, including office and retail spaces
3. Hospitality Operations: Revenue from hotel and serviced residence operations including Somerset Riverside Bangkok and Riva Vibe hotel
4. Property Management Services: Building management and concierge services through Raimon Land Services company

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Raimon Land PCL develops, sells, and operates luxury and ultra-luxury real estate across three segments: residential (high-rise condominiums and ultra-luxury landed estates), hospitality (serviced residences and hotels), and commercial (Grade A+ office space). The company sells individual condominium units, villas, and estates to high-net-worth buyers while generating recurring rental income from commercial and hospitality properties.

Product overview

Raimon Land PCL is Thailand's leading developer of luxury and ultra-luxury real estate with 37+ years of experience and over THB 150,000+ million in total project value. The company operates three core business segments: Residential (luxury condominiums and ultra-luxury estates including Tait Sathorn 12, The River, The Estelle Phrom Phong, The Diplomat 39, The Lofts Silom/Asoke, and 185 Rajadamri), Hospitality (Somerset Riverside Bangkok, Riva Vibe Hotel, and branded residences including SLS Residences Phuket Kamala with Ennismore), and Commercial (OCC One City Centre - Thailand's tallest Grade A+ office building, Vue, and The Cube). Recent expansions include ultra-luxury landed estates like THE 528 ESTATE in Phrom Phong-Thonglor and mix-use developments in Phuket. The company has partnerships with international brands including Tokyo Tatemono, Ennismore (SLS/Four Seasons), and Graff.

Differentiator

Problem solved

Functional benefit

Brands

• RML: Abbreviated brand name used for Raimon Land Public Company Limited across corporate communications, news releases, and investor relations materials.

Products and services

• Tait Sathorn 12 Luxury ready-to-move-in condominium in Bangkok's prime Sathorn area, developed jointly with Tokyo Tatemono. Features 40 floors, 231 units, distinctive slanted facade design, and over 2,000 sq.m. of common areas including gym, theater, co-working space, and rooftop pool. Starting price 209,000 THB per sq.m.
• The River Super-luxury riverside residence along the Chao Phraya River. Features exclusive prestige suites ranging 507-1,152 sq.m., over 120-meter private riverfront walkway, infinity river pool, and panoramic city/river views. Starting from 139,999 THB per sq.m.
• The Estelle Phrom Phong Ultra-luxury condominium developed with Tokyo Tatemono in Sukhumvit 26. Features 146 units with Japanese-inspired wellness facilities including hot springs, concierge service, and Mercedes Benz S-Class limousine service. Starting from 16.8 million THB for 1-3 bedroom units plus duplex and penthouse options.
• The Diplomat 39 Super-luxury 31-story condominium adjacent to EmDistrict. Features 156 units with units ranging from 1-3 bedrooms to duplexes and penthouses. Located 150m from BTS Phrom Phong station.
• The Lofts Silom 37-story ultra-luxury residence in Silom's Sathorn area with 268 units. Features double-height ceilings, dual-layer lobby, 25-meter infinity pool with Chao Phraya views, and proximity to BTS Surasak station.
• 185 Rajadamri Award-winning luxury freehold condominium in Bangkok's Rajadamri premium neighborhood. 35-story building with approximately 266 units, 2-3 bedrooms, lofts, and penthouses. Views of Royal Bangkok Sports Club and Lumphini Park.
• The Lofts Asoke 37-story residential condominium in Bangkok's CBD at Asoke intersection. Features 211 units, infinity pool on 31st floor, social lounge, workspaces, and 100% automated parking system. Near MRT and airport rail link.
• THE 528 ESTATE Ultra-luxury landed estate project in Phrom Phong-Thonglor area (Sukhumvit 28). Only 4 exclusive estates available. Designed by dwp with landscape by Tectonix. Targeting HNWI with prices 800 million THB per estate.
• SLS Residences Phuket Kamala Ultra-luxury branded villas in partnership with Ennismore (SLS hotel brand). Located on Phuket's Millionaire's Mile. 13 villas starting at 220 million THB each.
• Somerset Riverside Bangkok Serviced residence on the Chao Phraya River offering one-of-a-kind living experience. Located along the river with hospitality services.
• Riva Vibe Hotel Boutique hotel near Iconsiam opened December 4, 2024. THB 300 million investment targeting Bangkok tourism market.
• OCC (One City Centre) Thailand's tallest Grade A+ luxury office building at 54 floors. Located on Ploenchit Road. Features sustainable design and attracts global tenants including KEX, Fulcrum Global, and LawtonAsia.
• Vue Commercial property in Raimon Land's portfolio.
• The Cube Commercial property in Raimon Land's portfolio.
• Pattaya Luxury Condominium Luxury condominium project in Pattaya, marking Raimon Land's return to the Pattaya market. Total project value THB 3,300 million.

Quantifiable outcome

• 100% transfer completion of The Estelle Phrom Phong project worth THB 5.2 billion
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• EnnismorecoreStrategic or Co-development Partner · 1 May 2026Raimon Land partnered with Ennismore (parent of SLS Hotels) to develop SLS Residences Phuket Kamala, featuring 13 ultra-luxury villas starting at 220 million THB. This branded residence project targets ultra-high-net-worth individuals on Phuket's Millionaire's Mile.
• KEX (Thailand)minorOthers · 1 January 2025KEX, a major logistics company, signed significant office space lease at OCC building, establishing their office presence in Thailand.
• Fulcrum GlobalminorOthers · 1 January 2025Global business services company established headquarters at OCC building in Thailand.
• Euro Creations / Poltrona FrauminorGTM or Marketing Partner · 1 November 2024Partnership with Italian luxury furniture brand Poltrona Frau to provide exclusive experiences for RML customers through premium furnishing collaborations.
• Lotus Bedding GroupminorGTM or Marketing Partner · 1 July 2024Partnership with the world's leading mattress manufacturer for exclusive live painting event featuring renowned Thai artist Suksan Wongvarapan.
• GraffminorGTM or Marketing Partner · 1 June 2024Collaboration with Graff, the global hallmark of finest gemstones, to stage private viewing of the Galaxia collection for RML's top spenders at Four Seasons Hotel Bangkok.
• dwp (Design Worldwide Partnership)minorStrategic or Co-development Partner · 1 January 2024Design partnership with dwp, known for luxury projects like Mandarin Oriental Hotel Bangkok, for THE 528 ESTATE ultra-luxury estates project.
• TectonixminorStrategic or Co-development Partner · 1 January 2024Landscape design partnership with Tectonix, creators of landscapes for Four Seasons hotels, for THE 528 ESTATE project.
• LawtonAsia Insurance BrokersminorOthers · 1 January 2024Insurance brokerage firm established new headquarters on 29th floor of OCC, specializing in employee benefits and general insurance.
• Tokyo Tatemono (東京建物)coreStrategic or Co-development PartnerJoint venture with Japan's Tokyo Tatemono, one of Japan's leading real estate developers, for The Estelle Phrom Phong project. The 146-unit ultra-luxury condominium was successfully completed with 100% unit transfer.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SC Asset Corporation PCL: SET-listed Thai residential developer with luxury single-detached houses and condominium projects. Comparable in Thai luxury residential market focus and SET-listed capital structure.
• Sansiri PCL: Thailand's leading publicly listed residential developer with a strong luxury and high-end condominium portfolio in Bangkok and other key Thai cities. Directly comparable in target market (Thai HNWI), product category (luxury condominiums), and capital markets presence on SET.
• AP (Thailand) PCL: Major Thai listed developer with significant Bangkok condominium presence across mid-to-upper segments. Comparable in scale, SET listing, and Bangkok-centric luxury condominium focus, though skews slightly more mass-affluent than ultra-luxury.
• Major Development PCL: SET-listed Thai developer focused on ultra-luxury and branded residences (Mey, The Monument Thonglor, Marq). Closest pure-play luxury peer with similar ultra-luxury positioning, branded residence strategy, and Bangkok CBD focus.
• Ananda Development PCL: Large Thai listed developer with significant Bangkok condominium portfolio across multiple price tiers. Comparable in SET listing, project scale, and Bangkok residential focus, though less concentrated in ultra-luxury than Raimon Land.
• LPN Development PCL: Thai SET-listed developer with a sizable Bangkok condominium portfolio. Comparable in scale and Bangkok residential focus, though oriented more toward mass-affluent segments than ultra-luxury.

Broad incumbents

• Hongkong Land Holdings: Asian premium and luxury real estate investment and development group with Central Bangkok luxury assets. Comparable in luxury positioning and Asian prime real estate focus, but operates as a much larger diversified investment manager.
• Shangri-La Hotels (Hong Kong): Major Asian luxury hospitality operator with hotel and branded residence offerings. Comparable to Raimon Land's hospitality operations (Somerset Riverside, Riva Vibe) and branded residence partnerships with international hotel groups.
• Frasers Property (Thailand): Regional Singapore-headquartered real estate group with Thai residential, commercial, and industrial operations. Overlaps with Raimon Land in Bangkok residential and commercial real estate but operates as part of a much larger diversified portfolio.
• City Developments Limited: Singapore-listed global real estate company with luxury residential, hospitality (Millennium, Copthorne), and commercial assets. Comparable in luxury hospitality/residential mix and Asia-Pacific footprint, but much larger and more diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubego.raimonland.com/cb/c/172/4441/r003ahe/5280f87/F/F/F/F
• Facebookfacebook.com/raimonland
• Instagramgo.raimonland.com/cb/c/172/4441/r003ahe/7290f34/F/F/F/F
• Xx.com/raimonland
• LinkedInlinkedin.com/company/raimon-land-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raimon Land PCL