With just over three months into 2024, several prominent companies in Thailand have witnessed significant shifts in their top leadership, marked by the appointment of new chief executive officers.
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SET-listed developer L.P.N. Development Plc aims to attain 10 billion baht in revenue and 1 billion baht in net profit every year from now until 2026 after revenue fell to 5.6 billion baht in 2021 the lowest level in 15 years.
9 An artist s rendition of duplex houses at BAAN 365 Muangthong, which will comprise 190 units of duplex houses and townhouses priced between 9-19 million baht. L.P.N. will launch this development in the fourth quarter of 2021.
With a huge quantity of condo stock in hand, SET-listed developer L.P.N. Development Plc plans to rent out unsold units and focus on low-rise housing development, expected to be the key driver for revenue growth in 2021-24.
Chief executive and managing director Opas Sripayak said the company has unsold condo inventory worth 15 billion baht, of which 9 billion represented completed units. We will rent out these completed units to generate a recurring income during an oversupply in the condo market, he said.
Sustainable property development brings green dividend
published : 18 Jan 2021 at 12:30
45 LPN Development focuses on both project planning and resource management throughout the life cycle of its residential buildings. SUPPLIED
Sustainability is a new priority for residential property projects in Asia, especially at time the world is facing threats from climate change and diseases.
The building and construction sector is among the planet s top polluters, being responsible for 39% of greenhouse gases emitted globally in 2017, according to research by UN Environment and the International Energy Agency.
Sustainability, in the view of property developers, means facilities that are friendly to the environment and ensure the well-being of residents, while being responsible to local communities.