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L.P.N. sets pace in low-end condo market.
Byline: Sriwipa Siripunyawit
Jan. 6--CHIANG MAI -- L.P.N. Development Plc plans to launch five new projects worth 8.5 billion baht, with an aggressive pricing strategy to capture the lower-end condominium market with units priced from 500,000 baht this year.
According to managing director Tikhamporn Plengsrisuk, the company last year recorded sales of about seven billion baht, a rise of 60 percent from the year before.
The company currently claims a share of 31 percent in the condominium market, with its focus on moderately priced units in large-scale and high-rise buildings in prime locations.
Executives said they would build on the ...
- Thai Development Firm to Spend 2 Billion Baht on Six New Condos.
- Newspaper article from: Knight Ridder/Tribune Business News January 21, 2003 700+ words
...set aside 600 million baht for land acquisition...sales on Jan 17, was Lumpini Place Narathiwat 24. About...units worth 1.5 billion baht while revenue realisation...projcted at one billion baht. Newly-launched condo...projects last year included Lumpini Place Suan ...
- Thailand Development Firm Plans 400 Million Baht Condo.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) April 26, 2002 700+ words
...Plc plans to spend 400 million baht on building a condominium on...new development, to be called Lumpini Place Sukhumvit 24, will consist...2 million to 1.5 million baht. "Sales are expected to start...generate a total of 600 million baht," Mr Tikhamporn said. Shares...
- Thai Property Firm Sees Net Profit Double.
- Newspaper article from: Knight Ridder/Tribune Business News March 5, 2003 700+ words
...value of three billion baht, are: Lumpini Place Narathiwat 24 (190 units...up from 1.07 billion baht last year. Its net profit was 163 million baht. Last year, the company...projects in Bangkok: Lumpini Place Watercliff near Central...
- Four more condominium projects in the pipeline for L.P.N.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 20, 2007 700+ words
...three existing projects: 2.2 billion baht from Lumpini Place Phahon Saphan Kwai, one billion from Lumpini Place Pin Klao 2 and 400 million baht from Lumpini Place Narathiwat-Chao Phraya. L.P.N...
- Thai Developer Expects Sales to Grow This Year.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) March 8, 2002 700+ words
...year to top 1.2 billion baht, up from 493 million baht last year, signalling a return...sales of condominium units at Lumpini Place Sathorn, Lumpini Centre Happy...Road, the 1.3-billion-baht Lumpini Place Watercliff is a joint venture...
- Bangkok Post, Thailand, Business Briefs Column.
- Newspaper article from: Knight Ridder/Tribune Business News August 19, 2003 700+ words
...30.6 percent to 80.5 million baht on total revenue of 418.18 million...condominium projects sold late last year: Lumpini Place Suan Phlu-Sathon, Lumpini Place...condominium projects worth 1.4 billion baht in the second half, which will bring...
- L.P.N. optimistic about sales of five projects.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 18, 2005 700+ words
...sales for the one-billion-baht Lumpini Place Pin Klao project had already...year include the 390-million-baht Lumpini Centre Happyland project, and the three-billion-baht Lumpini Place Narathiwat-Chao Phraya project...
- Thai Property Firm Foresees 50 Percent Rise in Sales.
- Newspaper article from: Knight Ridder/Tribune Business News September 30, 2003 700+ words
...of the company's Lumpini Place-Narathiwat project...are for 185 million baht in loans and one million baht in bank guarantees...utilities expenses. The Lumpini Place project comprises...worth 480 million baht. The project has...
Source: HighBeam Research, L.P.N. sets pace in low-end condo market.