LPN has revealed its business direction for 2026, tightening control to strengthen its core operations. The strategy, titled “Rebuild - Strengthening The Core,” will be implemented through three main organizational management pillars. The company plans to launch three ongoing projects, focusing on generating regular income alongside real estate sales through the Investor Program, with a rental portfolio of over 2,000 units targeting new investors seeking value. The revenue target is set at 7,600 million baht, reflecting a growth of 13%.

Ms. Daranee Chattapiriya, CEO of L.P.N. Development Public Company Limited, stated, “For the real estate business in 2026, it is not a year for rapid growth but rather a year to build the strongest foundation for the organization. LPN has therefore chosen to expand its business model beyond just sales to include other income-generating avenues, including residential living, investment, and comprehensive after-sales services, ensuring the business can grow in all market conditions. The overall economic outlook for 2026 continues to show signs of slowdown from 2025, presenting challenges for the real estate sector due to factors such as rising household debt, limited purchasing power, and the impact of global economic uncertainties. This year requires careful organizational management to strengthen stability and flexibility in operations.”

For LPN's business approach in 2026, it will focus on maintaining stability and enhancing flexibility to elevate the organization's competitive potential and ensure long-term sustainability under the strategy “Rebuild - Strengthening The Core,” which consists of three main pillars:

  1. Strengthen Product Core - enhancing project development strength, including:
  • Launching three new projects in 2026 with a total value of 4,500 million baht, including: 1) Premium single-house project BAAN 365 at Jesada Ratchaphruek, valued at over 1,350 million baht; 2) Low-rise condominium project on Phetkasem Road, valued at 1,400 million baht, expected to launch in Q2 2026; and 3) High-rise condominium project developed under the concept of “Well-being” in the Ram Inthra area, valued at over 1,750 million baht, expected to launch in Q3 2026. Additionally, there are plans to expand Phase 2 of the Villa 168 New Bangkok Golf Course project in Q3 2026 after the first phase sold out last year.
  1. Strengthen Business Core - enhancing the core business through proactive operations in various dimensions, starting with:
  • Enhancing Brand Experience to connect the experience between the brand and customers from communication to delivering quality residences, alongside expertise in integrated property management services from the subsidiary LPP Property Management Co., Ltd., which has a competitive advantage in developing innovations for after-sales services, including engineering systems, building repairs, security systems, and housekeeping, thus gaining customer trust in the quality of living.
  • Increasing value to existing properties to generate income and managing rental markets, which is another marketing channel that can create continuous growth. Currently, LPN has a rental portfolio of over 2,000 units with an occupancy rate of nearly 100%, which is a strength that helps generate income for the organization.
  • Expanding the customer base and accelerating the sale of remaining inventory through various sales channels to enhance effective income generation, such as sales agents or through the Investor Program, which offers units with tenants and immediate returns to investors from the day of transfer, catering to both investors and those seeking rental housing, creating differentiation and increasing business opportunities in a highly competitive real estate market.
  • Integrating all subsidiaries to work in coordination, while implementing an AI-Driven Process to enhance efficiency, reduce redundancy, and elevate work standards to modern levels.
  1. Strengthen Financial Core - maintaining financial stability and managing finances, focusing on optimizing resource use, controlling costs, and establishing a strong financial structure to support future business expansion, starting with:
  • Managing funding sources and cash flow while reducing debt burdens. Since 2023, the company had a loan debt of 12,750 million baht, which has continuously decreased to 9,900 million baht by 2025. Currently, the company has a D/E ratio with an interest rate of 0.86 times, and for 2026, aims to reduce debt below 9,000 million baht while maintaining an IBD/E ratio below 0.80 to manage liquidity, mitigate risks, and maintain potential for business expansion, which will contribute to enhancing the company's profitability. The company also has a consistent dividend payout policy, having previously paid an average Dividend Yield of around 5-6% per year to shareholders, reflecting cash flow stability and building investor confidence. Additionally, in January 2026, the company fully repaid a bond of 682 million baht and plans to issue a new bond series in Q2 2026, ready to repay another bond due in 2027.
  • Expanding joint ventures to develop various projects. Recently, LPN developed the PUNN Smart Workplace office building in collaboration with Don Siri Development Co., Ltd., designed under the “LEED Certification” standard at the “GOLD” level, and recently won the first runner-up award in the Energy Efficient Building category at the ASEAN Energy Efficiency and Conservation Best Practices Awards 2025, reflecting the organization's commitment to sustainability.

“For 2026, the company targets sales (Presale) at 8,000 million baht, growing approximately 10% from 7,200 million baht in 2025, divided into condominiums valued at 5,500 million baht and single houses valued at 1,700 million baht. The company also has three completed projects ready for delivery in 2026, valued at over 3,700 million baht, including: 1) Earn by L.P.N. condominium in the heart of Amata City; 2) Lumpini Town Ville Pracha Uthit 90, a new series of wide-front townhomes with single-house functions; and 3) Lumpini Kaew Inthra, a modern-style single house near the M81 motorway. Currently, the company has a revenue backlog of 1,620 million baht at the end of 2025, which will gradually be recognized in 2026-2027, while the total revenue for 2025 was 6,730 million baht, comprising 4,060 million baht from real estate sales and 2,670 million baht from rental management and service businesses, with a total revenue target for 2026 set at 7,600 million baht, reflecting a growth of 13%,” Ms. Daranee added.

Although the overall real estate market in 2026 will still face pressure from economic conditions and slowing purchasing power, LPN is confident that adjusting strategies to increase regular income, managing costs efficiently, and maintaining financial discipline will enable the organization to grow steadily and build long-term investor confidence. Furthermore, it is believed that various government economic stimulus measures will support the real estate sector's recovery, as evidenced by the Monetary Policy Committee's decision to lower interest rates on February 25, which significantly reduces loan burdens, enhances borrowing capacity, and helps revive purchasing power in the real estate market.