• LPS Project Management announces its success as a comprehensive real estate service provider for over 30 years, now moving towards offering a full range of services including project development, project management and construction supervision, construction contracting, repairs, engineering services for condominiums, maintenance, and project management services in a “One-Stop Service”
  • Setting a business growth target over the next 3 years with an average annual growth of 26%, confident in its strengths from long experience and continuous adaptation, LPS aims to lead the comprehensive real estate service sector driving the success of major real estate projects.

Mr. Anuwat Maneenoprat, Managing Director of LPS Project Management Co., Ltd. or LPS (a subsidiary of LPP Property Management), revealed that LPS, a comprehensive real estate consulting service provider with over 30 years of experience, is preparing to elevate itself to a “One-Stop Service” that will transform the mindset of project owners in the modern era. In the past, LPS has provided services covering real estate project development consulting, project management, and construction supervision, and has since expanded into contracting for design, construction, renovation, and engineering services for condominiums, including maintenance, which enables it to currently offer One-Stop Service.

Another significant step to elevate LPS’s services to a “One-Stop Service” is its expertise and experience in being behind the success of both small and large real estate projects for a long time, reflecting a deep understanding of all dimensions of real estate development. With a professional team integrating technology and innovative project management, LPS is ready to meet the changing demands of the modern real estate market, aiming to be a business partner that can provide comprehensive services at every stage of project development. LPS has previously been a key player in driving real estate project development under L.P.N. Development Public Company Limited (LPN) and in 2022 underwent a business restructuring, transferring LPS to be under the LPP group.

Although the overall real estate market is not experiencing rapid growth due to economic pressures, there are still many segments that are growing, such as hotels, hospitals, factories, etc. Additionally, the redevelopment market is gaining continuous interest, with the renovation of old buildings on potential land to modernize them, creating value and worth. This is considered a worthwhile and sustainable option in terms of investment and the environment. LPS aims to develop newly renovated buildings to improve energy efficiency, be environmentally friendly, and have building management systems aligned with the Smart Building concept, which not only helps reduce long-term operational costs but also increases building value and meets ESG (Environment, Social, Governance) criteria that investors and consumers are increasingly prioritizing.

This year, another clear area of growth is in engineering services, which has been boosted by the earthquake event in March, leading to a significant increase in demand for building renovations and repairs. LPS has been entrusted with over 100 cases of building repair and renovation and has several projects currently under bidding, representing a continuous growth opportunity for engineering services in the long term and enhancing LPS's capability to provide comprehensive One-Stop Service from surveying, design, and supervision to project delivery ready for use.

“Currently, LPS has been entrusted with several redevelopment projects, such as the CANVAS 39 project, transforming an apartment into a condominium, renovating an abandoned hotel in Rayong, and converting a condominium into a hotel business, etc. LPS's services start with surveys, architectural and engineering design, construction contracting, and project supervision until completion, then delivering it to clients for their branding. LPS has previously been behind and driven the success of large real estate developers.

“Throughout the past, LPS has delivered over 100 projects in Bangkok and other provinces, covering horizontal projects, commercial buildings, condominiums, and office buildings, each reflecting the trust and confidence in LPS's experience as a partner that helps drive clients' businesses to grow together.”

LPS aims to be a leader in the comprehensive “One-Stop Service” for real estate project development and management, covering everything from consulting, design, engineering, supervision, and construction to project delivery. It intends to deliver solutions that meet the changing societal needs across generations, including both younger and older populations, such as transforming playgrounds to be suitable for the elderly, allocating mailbox spaces to accommodate increasing online deliveries, and continuously creating new value for projects so that developers and property users feel secure when we take care of them. Another key strength of LPS is its long-standing experience in the market, having worked behind the scenes for clients for over 30 years across all segments, including residential, hotels, retail, offices, hospitals, warehouses, and factories. Currently, the fastest-growing client segment is residential, accounting for 80% of all clients, followed by the hotel segment at 10% and others at 10%. Within 3-5 years, LPS aims to adjust the client ratio between residential and other segments to 50-50.

In 2025, LPS aims for revenue of 300 million baht, and based on the overall operations in the past, the company expects to achieve its set target. Meanwhile, the medium-term growth plan over the next 3 years aims to double revenue to over 600 million baht, representing an average annual growth rate of approximately 26%,” Mr. Anuwat stated.