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Raimon Land prices out speculators

High deposits will ensure slower sales and higher selling prices over time, says CEO

PAYOFF: Units at 185 Rajadamri, completed last year, now go for 312,000 baht per sq m after starting at 190,000 baht five years ago.


THAILAND'S Raimon Land, which is 24.98 per cent owned by Ezra Holdings' group CEO and managing director Lionel Lee, will continue requiring high down payments in a bid to rein in transfer failure.

Chief executive Johnson Tan said the policy would help to screen out short-