LPP seizes the opportunity in the high-end condominium management market by establishing the “Prestige Management by LPP” team to support the management of premium condominiums outside the “Lumpini” brand, aiming to manage 7 projects worth 30 million in 2020. The company has already launched 2 luxury projects: Triple Y Residence @ Samyan Mitrtown and Grand Florida Pattaya.

Ms. Somsri Techakraisri, Managing Director of Lumpini Property Management Co., Ltd. (LPP), which provides comprehensive after-sales services, has grown and built a reputation for managing livable communities alongside the growth of L.P.N. Development Public Company Limited (LPN). She revealed the results from the “Year of Shift” in 2018, which aimed to manage external condominiums not under the “Lumpini” brand, achieving its goals by 2019. Currently, LPP manages over 20 external projects, having gained the trust to manage projects from major real estate companies. Meanwhile, LPN itself has several high-end projects, with highlights including “The Lumpini 24” and projects under the “Lumpini Suite” brand. In 2020, LPP aims for excellence in service under the “Year of Proficiency,” elevating management to high-end projects by establishing the “Prestige Management by LPP” team, attracting professionals from international companies, and developing capable personnel to fill the growing management gap in luxury condominiums. According to the strategy of real estate developers who have been aggressively developing high-end condominiums in 2017-2018, it is expected that in 2020, around 70 more projects with 22,000 units will be completed in this segment. When combined with the existing approximately 290 projects with 63,200 units, the total number of high-end condominiums will reach 360 projects with 85,200 units, representing a large market that requires effective premium management (data from LPN Wisdom).

“It is gratifying that in the first quarter of 2020, we aimed to manage a total of 7 premium condominium projects worth 30 million. The company has already been entrusted to manage 2 luxury projects under Goldenland Development Public Company Limited, namely “Triple Y Residence,” a premium residential condominium in the new large and modern mixed-use project Samyan Mitrtown, which features 24-hour service. Additionally, the company has been assigned to manage “Grand Florida,” a 17-rai resort condominium by Blue Sky, which includes a large water park, artificial wave pool, and a 5-story clubhouse equipped with numerous amenities,”

Mr. Thanapol Sirithanchai, Chairman of Goldenland Development Public Company Limited (GOLD), commented, “With LPP's professional experience in condominium management, which has garnered positive feedback from many residents regarding safety, management efficiency, and fostering a livable community culture, GOLD has entrusted the “Prestige Management by LPP” team to manage the “Triple Y Residence” luxury condominium within “Samyan Mitrtown” because we trust in their expertise across all systems, including security, and their ability to provide convenient services to all target customers. Within Triple Y Residence, there is a diverse clientele, including pre-university students, professors, and Chulalongkorn University students, as well as working professionals. The management of condominiums is typically complex, involving the maintenance of all systems and recreational areas to ensure they are safe and ready for use, maintaining cleanliness, managing parking systems, collecting common fees, and managing funds for growth, among many other tasks. The ability to integrate all these aspects is crucial and a strength of LPP,” Mr. Thanapol added.

The highlight of the service “Prestige Management by LPP” is the ability to customize services according to the needs of developer clients (Customized Service), as well as the management style of “Guest Service Agent: GSA,” which can provide comprehensive services as a One Stop Service. This enhances convenience for clients, along with a “24 Hours On Duty” operation, allowing clients to contact the management team at any time. Additionally, the engineering expertise of the staff focuses on those with high experience and direct expertise in their fields, as system management is the core of vertical buildings like condominiums, requiring integrated management by specialists to ensure all systems function appropriately for the safety and convenience of clients. This will lead to increasing property values and help manage common expenses effectively.

“Prestige Management by LPP” prioritizes the needs of clients, both developers and residents, ensuring that they receive perfect service from direct experts. It is a project that never sleeps, providing 24-hour service and professionalism that values quality of life, community, environment, and the good culture of cohabitation, in line with the organization's vision. Interested developers can contact Mr. Sirisak Silajamroon, Assistant Managing Director, at email [email protected] or call 081 813 3796.