. Development Public Co., Ltd. and subsidiary companies are real estate developers and providers of comprehensive real estate services. The corporate group comprises the Company and four subsidiary companies
companies operate real estate business and provide full real estate services. Since 2017, the projects developed i.e. residential condominiums and single houses have been remodeled to serve the needs of all
postponement of certain activities. A number of the company’s business clients are directly affected from this outbreak resulting in less waste disposal and treatment. Regarding the income of the real estate
estate which the company is to invest and to develop real estate projects of the company of which the company will generate returns more than investing in long-term infrastructure development. Such
Company also has a plan to grant long-term lease of such asset to S Prime Growth Leasehold Real Estate Investment Trust (the “REIT”) However, the lease of Metropolis Office Building will be completed under
investment in ONE CITY CENTER (“OCC”) – grade A office building development project for a total investment value of THB 8,771.4mn. Management outlook and future projects Despite the real estate market in
growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome
financial statements in Q1/2020 of the Company and subsidiary companies to the Stock Exchange of Thailand as follows: L.P.N. Development Public Co., Ltd. and subsidiary companies are developers of real estate
the same period of previous year. The main reason was due to the asset monetization to WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART) and HREIT in the late 2017 and the
HIGHLIGHTS Total revenue increased by 81.8%, mainly from significantly increase in income from sale of real estate due to increase in land transfer this quarter, compared to the same period of pervious year