Land and Houses Public Company Limited

INTRODUCTION AND MAIN BUSINESS
 

Land and Houses Public Company Limited (LH) is one of Thailand's established property development companies, with a business history dating back to 1973. The company was formally incorporated as a limited company on 30 August 1983 and subsequently received approval for listing on the Stock Exchange of Thailand (SET) in 1989, before officially becoming a listed company on 1 April 1991 under the ticker symbol LH. Its head office is located on the 37th and 38th floors of Q. House Lumpini Building, 1 South Sathorn Road, Thung Mahamek, Sathorn, Bangkok 10120. The company's historical corporate disclosures identify Mr. Anant Asavabhokhin and Ms. Piangjai Harnpanij among its initial major shareholders; however, the company does not explicitly identify individual founders in its current corporate profile.

The company's principal business is residential property development, with a particular emphasis on single-detached houses. Its residential portfolio also includes townhomes, duplex homes and condominiums, serving different housing requirements and customer segments. Land and Houses manages its residential development activities through the entire project lifecycle, including research, land development, architectural design, construction, material selection, sales and customer services. Its stated corporate vision focuses on developing quality residences and improving living standards for homebuyers and stakeholders through responsible business practices and good corporate governance.

Land and Houses' residential developments are concentrated in Greater Bangkok and surrounding areas, with projects in major provincial markets including Chiang Mai, Chiang Rai, Khon Kaen, Nakhon Ratchasima, Udon Thani, Hua Hin, Phuket, Maha Sarakham and Ayutthaya. Beyond residential development, the company operates a rental property and hospitality business in Thailand and the United States. Its investment property portfolio includes hotels, shopping centres, apartments and office space. Through these activities, LH combines residential development with recurring income-generating property and hospitality operations.
 

Company Subsidiaries
 

Land and Houses operates its rental property and hospitality business through two principal subsidiaries identified in its corporate announcements: LH Mall & Hotel Company Limited (LHMH) and LHUSA. LHMH is responsible for managing the company's rental property investments in Thailand, while LHUSA oversees its rental property business in the United States. Their portfolios cover several property categories, including hotels, shopping centres, apartments and office buildings. These businesses complement the company's residential development operations by providing rental and service income alongside revenue from property sales.

In Thailand, LH Mall & Hotel plays an important role in the company's hotel and commercial property operations. Its hospitality portfolio operates under the Grande Centre Point brand, while its shopping centre portfolio includes developments under the Terminal 21 brand. The company has continued to invest in hotel development, including Grande Centre Point Lumphini, which commenced operations in April 2025, and Grande Centre Point Prestige, which opened in December 2025. The Grande Centre Point Lumphini development is a 50-storey mixed-use property incorporating hotel accommodation and rental office space. The company also manages hotel and shopping centre assets through its rental property operations, although certain properties have subsequently been transferred to real estate investment trusts.

LHUSA represents the company's international rental property interests in the United States, including apartments and hotel properties. As part of its investment portfolio adjustment, LH disposed of two California apartment properties, Parc at Pruneyard and Revere, in May 2025. The company has also communicated its intention to reduce exposure to the US apartment market and place greater strategic emphasis on hospitality operations. In addition to these rental subsidiaries, Land and Houses' corporate group information identifies other associated business entities, including Quality Houses Public Company Limited, Home Product Center Public Company Limited, Quality Construction Products Public Company Limited and Land and Houses Bank Public Company Limited. Their respective activities include real estate development, home improvement retail, construction material manufacturing and commercial banking.
 

Brands and Recent Launches
 

Land and Houses develops and markets residential properties through a portfolio of established brands designed to address different housing preferences and price segments. Its residential brands include LADAWAN, NANTAWAN, VIVE, MANTANA, SIWALEE, CHAIYAPRUEK, vie, PRUEK, LADA, CHOLLADA, inizio, anya, Villaggio and indy. Its condominium and residential development brands include THE BANGKOK, Wan Vayla, THE ROOM, THE KEY, Ease and NORTH88. The company's portfolio covers a range of residential formats, from luxury detached houses and family-oriented housing developments to townhomes and condominium residences.

Within its higher-end residential portfolio, NANTAWAN and LADAWAN are among the company's established housing brands, while VIVE serves the luxury housing segment. MANTANA and CHAIYAPRUEK are also important names within its detached-house portfolio. In 2024, the company introduced vie, a new single-detached-house brand under the concept "The Limitless Life". The brand was introduced with a modern minimalist design approach, focusing on functional living areas and adaptable residential layouts. Its initial developments were introduced in Ratchaphruek–Tat Mai, Ramindra–Outer Ring Expressway and Pinklao–Phutthamonthon Sai 5. In its 2025 business plan, the company also identified Siwalee, NANTAWAN and VIVE as key brands for expanding its mid-to-high-end housing portfolio.

Recent developments demonstrate the company's continued focus on detached housing alongside selected condominium and hospitality investments. In 2024, Land and Houses launched the Wan Vayla Na Chaophraya condominium development, a riverside residential project, and introduced new housing developments under the vie brand. Its 2025 residential launches included VIVE New Krungthep Kreetha and VIVE Phuket, alongside other low-rise housing developments. In 2026, the company introduced NANTAWAN PRESTIGE Ratchapruek–Prannok, a luxury detached-house development, and CHAIYAPRUEK 3 Ramintra–Wongwaen, which targets the mid-to-high-end detached-house segment. These launches reflect the company's continued emphasis on residential development, with product positioning ranging from family-oriented homes to luxury residences.
 

Innovative Partnerships and Projects
 

Land and Houses incorporates research, design development, construction innovation and technology into its residential development processes. The company identifies these areas as important elements in creating homes that respond to changing customer requirements. One example of its customer-oriented technology initiatives is the iDesign application, which provides users with digital tools to explore interior decoration ideas using actual residential floor plans and room dimensions from selected Land and Houses projects. The application enables users to arrange furniture virtually, view room designs and assess estimated decoration costs. Its updated version, introduced in August 2024, expanded the available design functions and provided customers with additional ways to plan their residential interiors before purchasing furniture.

The company has also participated in environmental collaborations within the construction industry. In March 2024, Land and Houses received the Inclusive Green Growth Award at an event organised by SCG's Cement and Green Solution Business. The recognition related to the company's participation in promoting environmentally responsible construction through the selection of more environmentally friendly cement, concrete and construction solutions. The initiative formed part of a broader collaboration to support the construction industry's transition towards lower greenhouse gas emissions. In addition, the company received a DOS GREEN INNOVATION plaque in May 2025, reflecting recognition of its environmental product and innovation-related activities.

Its property investment strategy also includes mixed-use developments combining hospitality and commercial facilities. Grande Centre Point Lumphini is one example, incorporating hotel accommodation and rental office space within a single 50-storey development. The hotel commenced operations in April 2025 and represents an expansion of the company's hospitality portfolio in Bangkok. The company continued its hotel investment programme with Grande Centre Point Prestige, which commenced operations in December 2025. These developments demonstrate LH's continued investment in hospitality and income-generating real estate alongside its core residential business.
 

Philanthropic Work and Policies
 

Land and Houses incorporates environmental and social responsibility into its corporate sustainability framework, with an emphasis on responsible business practices, stakeholder engagement and the efficient use of resources. Its environmental policies address greenhouse gas emissions, energy consumption, water and wastewater management, waste reduction and renewable energy. The company has established greenhouse gas reduction targets of 5% by 2025 and 8% by 2027, measured against its 2022 baseline. Its environmental management approach also covers energy-efficient residential design, environmentally responsible construction materials, pollution prevention during construction and the preservation of biodiversity. These policies are intended to extend across the company's business value chain, from project design and construction to property operations.

The company also conducts community and employee-led social responsibility activities. In February 2025, executives and employees participated in the "Adding Green to the Sky, Enriching the Earth" initiative at Khun Dan Prakan Chon Dam in Nakhon Nayok, where they distributed seeds as part of a local reforestation effort. In January 2025 and February 2026, the company also supported the Educational Technology for the Blind Center through donations of used calendars and paper for conversion into Braille educational materials. In July 2026, the company worked with residents from 12 residential projects to collect used PET water bottles for recycling into blankets through Wat Chak Daeng in Samut Prakan. The initiative encouraged waste separation, recycling and community participation, with additional financial support from company employees for blanket donations to disadvantaged groups.

Land and Houses' social policies emphasise respect for human rights, fair treatment and the well-being of stakeholders, including employees, customers, business partners and surrounding communities. Its corporate governance framework includes policies on anti-corruption, ethical business conduct, conflicts of interest and whistleblowing. The company prohibits bribery and improper personal benefits and requires directors, management and employees to comply with applicable laws, regulations and internal codes of conduct. Its sustainability approach is based on the principle that long-term business development should be accompanied by responsible environmental management, social contribution and transparent corporate governance. The company's AAA SET ESG Rating in 2025 and ASEAN Corporate Governance Scorecard recognition in 2025 further demonstrate its participation in recognised sustainability and governance assessment programmes.