NovLand and Houses
For an international buyer, the defining feature of Land and Houses is not simply its size but the composition of its residential business. In 2025, low-rise homes accounted for 87% of residential sales revenue, with condominiums contributing the remaining 13%. The business dates back to 1973, was incorporated as a limited company in 1983 and has traded on the Stock Exchange of Thailand under LH since 1991. Its residential range includes detached houses, duplexes, townhouses and condominiums across Bangkok, the surrounding metropolitan area and several major provinces. The listed-company structure provides extensive public disclosure, but the ownership route still has to be assessed at the level of the specific property.
Sections 6
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Track record
Land and Houses reported 67 existing residential projects at the end of 2025. Its 2026 operating plan envisaged 69 active projects worth about THB 80 billion in total, comprising 63 low-rise developments worth roughly THB 69 billion and six condominium projects worth about THB 11 billion. New launches are being handled conservatively: only two projects, with combined value of THB 3.66 billion, were scheduled for 2026. NANTAWAN PRESTIGE Ratchapruek–Prannok entered presales in February 2026 with just 34 houses, while Chaiyapruek 3 Ramintra–Wongwaen was scheduled for the fourth quarter.
Segments and prices
Land and Houses spans several ticket sizes, although its 2026 launches are concentrated in the mid-to-upper and luxury brackets. The company’s business plan places Chaiyapruek 3 Ramintra–Wongwaen at roughly THB 10–13 million per detached house and NANTAWAN PRESTIGE Ratchapruek–Prannok at THB 60–100 million; the February 2026 presale for the latter started from THB 60 million. In the completed urban condominium segment, the official website also lists The Bangkok Thonglor from THB 18.9 million. These are specific to the project reference prices and should be rechecked against current inventory before any reservation.
Geography
Although the NovAsia project set currently represents Land and Houses through Bangkok developments, the company’s actual footprint is broader. Its official business description includes Bangkok and the surrounding metropolitan area as well as major provincial markets such as Chiang Mai, Chiang Rai, Nakhon Ratchasima, Khon Kaen, Maha Sarakham, Udon Thani, Prachuap Khiri Khan, Ayutthaya and Phuket. Even so, the company said Bangkok and the metropolitan area generated about 86% of residential sales revenue in 2025. The business is therefore geographically broader than a Bangkok-only developer, but its results remain heavily tied to Greater Bangkok.
Reliability and public record
Land and Houses gives buyers access to a much deeper disclosure record than a typical private developer. For 2025 it reported total assets of THB 141.002 billion, residential property sales of THB 13.131 billion, total revenue of THB 23.200 billion and net profit of THB 3.716 billion. The trend is not uniformly positive: property sales fell from THB 16.100 billion in 2024 to THB 13.131 billion in 2025, while net profit declined from THB 5.491 billion to THB 3.716 billion. Reviewed financial statements for Q2 2026 had also been released by the date of this profile. This level of transparency helps assess the corporate group, but it does not guarantee construction quality, handover timing or the legal position of an individual project.
What to verify
The first due-diligence question for a foreign buyer is the property type. Most of Land and Houses’ residential business consists of low-rise homes with land, and foreign land ownership in Thailand is restricted and available only under limited statutory exceptions; the ownership analysis for a house therefore cannot be borrowed from condominium rules. For a condominium purchase, confirm that the building is duly registered and that foreign quota remains available, as aggregate foreign ownership is capped at 49% of the total condominium unit area. Project-level checks should also cover the contracting entity, land title, permits, payment schedule, handover date and contractual remedies for delay. For a completed property, inspect the physical unit, ongoing common charges and the documents required for transfer registration.
Projects in the NovAsia catalogue
These are the projects currently shown in the NovAsia catalogue; the list is not a complete corporate portfolio.
ThailandWan Vayla Na Chaophraya
ThailandEase 2 Rama 2
ThailandNANTAWAN Pool Villa Rama 9 – New Krungthep Kreetha
ThailandVIVE Phuket
ThailandNantawan Rama 9-Onnut
Thailand88 Land and Houses Hillside Phuket
ThailandLand and Houses Park
ThailandThe Room Rama 4
ThailandButsarin Sai Mai House
ThailandMantana Wongwaen-Bangbon
ThailandManthana Onnut-Wongwaen 4
ThailandNantawan Prestige Ratchapruek–Prannok
Frequently asked questions
Is Land and Houses a listed company?
Yes. Land and Houses has traded on the Stock Exchange of Thailand under LH since 1991. Its investor-relations site publishes annual reports, quarterly statements, shareholder materials and SET announcements.
Does Land and Houses sell more houses or condominiums?
Low-rise housing is the core business. Detached houses, duplexes and townhouses accounted for 87% of residential sales revenue in 2025, compared with 13% from condominiums. The 2026 plan envisaged 63 low-rise projects out of 69 active residential developments, with only six condominiums.
How long has Land and Houses been operating?
The company traces its history to 1973. It was incorporated as a limited company in 1983 and became a listed company on the Stock Exchange of Thailand in 1991.
Can a foreigner buy a Land and Houses home in the same way as a condominium?
No. The two transactions require different ownership analysis. Foreign ownership of land in Thailand is restricted and depends on limited statutory grounds, whereas a qualifying foreign buyer can own a unit in a registered condominium subject to the applicable requirements and available foreign quota.
Why is Land and Houses launching only two new projects in 2026?
The company’s own 2026 plan points to weak housing demand, intense competition and tighter credit conditions. Rather than pursuing a large launch pipeline, management planned two mid-to-upper-priced projects while focusing on reducing inventory and leverage.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Land and Houses Public Company Limited · Land and Houses — company history and residential business profile · 24.08.2026
- The Stock Exchange of Thailand · LH Factsheet — Stock Exchange of Thailand · 24.08.2026
- Land and Houses Public Company Limited · Land and Houses — 2025 financial highlights · 24.08.2026
- Land and Houses Public Company Limited · Form 56-1 One Report 2025 · 24.08.2026
- Land and Houses Public Company Limited · Land and Houses 2026 business plan · 24.08.2026
- Land and Houses Public Company Limited · NANTAWAN PRESTIGE Ratchapruek–Prannok — February 2026 presale · 24.08.2026
- Land and Houses Public Company Limited · The Bangkok Thonglor — official project page and starting price · 24.08.2026
- Land and Houses Public Company Limited · Land and Houses — Q2 2026 financial statements · 24.08.2026
- THAILAND.GO.TH · Foreign property ownership rules in Thailand · 24.08.2026