NovAsia

LPN Development

For a buyer, LPN stands out less for a single flagship and more for the depth of its operating history. The company was established in 1989 and has spent decades developing urban condominiums while expanding into houses and townhomes. L.P.N. Development Public Co., Ltd. has been listed on the Stock Exchange of Thailand under ticker LPN since 23 December 1994, giving buyers access to recurring financial disclosures and corporate announcements. That transparency is useful, but it is not a substitute for project-level due diligence.

Bangkok · 13 linked projects

A company name is not a recommendation. Check the project company, contract and selected unit before reservation.

Overview

For a buyer, LPN stands out less for a single flagship and more for the depth of its operating history. The company was established in 1989 and has spent decades developing urban condominiums while expanding into houses and townhomes. L.P.N. Development Public Co., Ltd. has been listed on the Stock Exchange of Thailand under ticker LPN since 23 December 1994, giving buyers access to recurring financial disclosures and corporate announcements. That transparency is useful, but it is not a substitute for project-level due diligence.

Track record

LPN began with Lumpini Tower on Rama IV Road, then set up a dedicated property-management business in 1992 to handle buildings after handover. In its 2026 strategy update, the company says it has developed 145 projects serving more than 140,000 families, with aggregate project value above THB 200 billion; those figures are company-reported rather than an independent quality score. LPN also announced three new projects worth about THB 4.5 billion in total for 2026. Its website publishes construction updates on individual developments: Place 168 Pinklao was shown at 100% as of 31 March 2026, while Place 168 Wutthakat was shown at 66% as of 15 August 2026.

Segments and prices

It is no longer accurate to treat LPN as an affordable-condo-only developer. Its own catalogue spans condominiums, houses, townhomes and office products, and the 2026 pipeline includes the premium single-house project BAAN 365 Jessada Ratchaphruek alongside new condominium launches. Entry-level urban housing still matters to the brand, though. TerraBKK reported a starting price of THB 2.29 million for Place 168 Pinklao in March 2026. That is a dated launch reference for one project, not a group-wide price benchmark; live pricing depends on the unit, building, remaining inventory and promotion.

Geography

The current NovAsia selection is Bangkok-focused, which fits the part of LPN's footprint most buyers are likely to encounter: dense urban and suburban projects around the capital's transport corridors. The wider company catalogue extends beyond Bangkok, including locations such as Jomtien and Cha-am. Buyers should therefore assess each micro-market on its own merits rather than treating LPN's presence in multiple locations as evidence that demand or resale liquidity will behave the same way everywhere.

Reliability and public record

LPN gives buyers something many private developers cannot: a long public disclosure trail. SET currently carries the company's 2025 annual report and reviewed Q2 2026 financial information. The latest Q2 filing shows a loss attributable to owners of the parent of about THB 21.2 million for the quarter and about THB 20.8 million for the first six months of 2026, with an unqualified auditor's report. Management has also said borrowings fell from THB 12.75 billion in 2023 to THB 9.9 billion in 2025, with a 2026 target below THB 9 billion. These data points provide context; they do not guarantee completion, handover timing or the economics of a particular purchase.

What to verify

For a specific LPN purchase, start by matching the legal entity in the reservation and sale agreement to the project owner and the relevant approvals. Thailand's environmental-impact database carries separate records for developments such as EARN BY LPN, PARK 168 On Nut 19 and Place 168 Pinklao, so approval status should be checked project by project. For anything still under construction, ask for the latest work schedule and contractual handover date rather than inferring completion from a headline percentage. A foreign condo buyer should also confirm foreign-quota availability for the exact unit and the required remittance documentation. Ask who will manage the property after handover, what common-area and sinking-fund charges apply, and—if an investor programme is offered with a tenant in place—what the lease actually says about rent duration, payment responsibility, early termination and vacancy.

Projects in the NovAsia catalogue

This list is assembled from the project registry by the developer identifier; it is not a claim of a complete corporate portfolio.

Lumpini Condotown Ekachai 48Thailand
Condominium

Lumpini Condotown Ekachai 48

Bangkok
L.P.N. Development
Based on developer materialCompleted
Residential low-rise · 8 floors · 1784 units
From 1,050,000 THBAvailability and price confirmed personallyFrom THB 1.05M in active resale listings checked on 20 August 2026. This is a lower market anchor rather than a developer price list; the chosen unit, condition, furniture, availability and transaction terms need to be checked separately.
AskOpen
Lumpini Park Boromratchonnanee–SirindhornThailand
Condominium

Lumpini Park Boromratchonnanee–Sirindhorn

Bangkok
LPN Development
Based on developer materialCompleted
Residential high-rise · 24 floors · 649 units
From 1,660,000 THBAvailability and price confirmed personallyFrom THB 1.66M on FazWaz as of 20 August 2026. This is the lowest asking price among three active listings, not a developer price list; the exact unit, availability, foreign quota status and transaction terms need to be confirmed separately.
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Lumpini Park Phahon 32Thailand
Condominium

Lumpini Park Phahon 32

Bangkok
LPN Development
Based on developer materialCompleted
Residential high-rise · 30 floors · 546 units
From 2,330,000 THBAvailability and price confirmed personallyFrom THB 2.33M on FazWaz as of 20 Aug 2026. This is a lower asking-price anchor in the current resale market; the exact unit, availability, condition, tenure and final price need separate confirmation.
AskOpen
Lumpini Park Phetkasem 98 (A-B)Thailand
Condominium

Lumpini Park Phetkasem 98 (A-B)

Bangkok
L.P.N. Development
Based on developer materialCompleted
High-rise residential condominium, Phase 1 (Towers A-B) · 21 floors · 1352 units
From 1,270,000 THBAvailability and price confirmed personallyFrom THB 1.27M in a resale listing for a 22.69 sqm unit in Building A, updated 9 August 2026. The unit is being sold with a tenant in place, so this is the lowest dated A–B market anchor we found rather than a price that can be applied to every unit; availability, condition, foreign quota and transaction terms need to be confirmed for the selected property.
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Lumpini Park Phetkasem 98 (C-D)Thailand
Condominium

Lumpini Park Phetkasem 98 (C-D)

Bangkok
L.P.N. Development
Based on developer materialCompleted
Two-building high-rise condominium phase · 1320 units
From 1,330,000 THBAvailability and price confirmed personallyFrom THB 1.33M in a current resale listing for a 23 sqm studio in Building D on the 5th floor, checked on 20 Aug 2026. This is a lower resale-market anchor, not a developer price: availability, furniture, condition, foreign quota and transaction terms need to be confirmed for the selected unit.
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Lumpini Park Vibhavadi–ChatuchakThailand
Condominium

Lumpini Park Vibhavadi–Chatuchak

Bangkok
LPN Development
Based on developer materialCompleted
High-rise residential condominium · 21 floors · 736 units
From 2,090,000 THBAvailability and price confirmed personallyFrom THB 2.09M in current resale listings as of 20 August 2026. This is a lower market anchor, not a confirmed executable price for a specific available unit; seller, availability, condition, furnishings, foreign quota and transaction terms need separate verification.
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Lumpini Place Rama 3–RiverineThailand
Condominium

Lumpini Place Rama 3–Riverine

Bangkok
LPN Development
Based on developer materialCompleted
Riverside high-rise condominium · 35 floors · 719 units
From 1,950,000 THBAvailability and price confirmed personallyFrom THB 1.95M in public resale listings checked on 20 August 2026. This is a lower secondary-market anchor, not a developer price: the exact unit, condition, furniture, seller, foreign-quota availability and final transaction terms need to be confirmed separately with a specialist.
AskOpen
Lumpini Place Ratchada–SathuThailand
Condominium

Lumpini Place Ratchada–Sathu

Bangkok
LPN Development
Based on developer materialCompleted
High-rise residential condominium · 35 floors · 543 units
From 2,500,000 THBAvailability and price confirmed personallyFrom THB 2.5M in current resale listings checked on 20 August 2026. This is a lower secondary-market anchor, not a developer price: the exact unit, condition, furniture, tenure, foreign-quota status and final transaction terms need to be checked separately.
AskOpen
Lumpini Selected Charan 65–Sirindhorn StationThailand
Condominium

Lumpini Selected Charan 65–Sirindhorn Station

Bangkok
LPN Development
Based on developer materialCompleted
Residential low-rise · 8 floors · 514 units
From 2,100,000 THBAvailability and price confirmed personallyFrom THB 2.1M in an active Connex resale listing dated 16 August 2026; PropertyHub shows the same lower asking level in listings updated on 19 August 2026. This is a lower resale-market anchor, not a guaranteed purchase price: the exact unit, availability, condition, ownership form and transaction terms need to be checked separately with a specialist.
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Lumpini Ville Charan–Fai ChaiThailand
Condominium

Lumpini Ville Charan–Fai Chai

Bangkok
L.P.N. Development PCL
Based on developer materialCompleted
Three-tower high-rise residential condominium · 23 floors · 1482 units
From 1,950,000 THBAvailability and price confirmed personallyFrom THB 1.95M in active DDproperty listings checked on 20 August 2026. This is a lower resale-market anchor, not a fixed project price; the selected unit, ownership status and transaction terms need to be confirmed separately with a specialist.
AskOpen
Lumpini Ville Sukhumvit 101/1–PunnawithiThailand
Condominium

Lumpini Ville Sukhumvit 101/1–Punnawithi

Bangkok
LPN Development
Based on developer materialCompleted
Residential low-rise · 8 floors · 328 units
From 1,380,000 THBAvailability and price confirmed personallyFrom THB 1.38M in the DDproperty resale inventory checked on 20 August 2026. This is a lower asking-price anchor for a specific unit, not a developer price list; availability, condition, foreign-quota eligibility and final transaction terms need to be verified for the selected property.
AskOpen
Place 168 PinklaoThailand
Condominium

Place 168 Pinklao

Bangkok
LPN Development
Based on developer materialCompleted
High-rise residential condominium · 807 units
From 2,290,000 THBAvailability and price confirmed personallyFrom THB 2.29M, the lowest confirmed anchor found in the current project review and live market as of 20 Aug 2026. This is not a promise that a unit remains available at that price: the exact apartment, seller, developer stock and transaction terms need to be checked separately.
AskOpen
Place 168 WutthakatThailand
Condominium

Place 168 Wutthakat

Bangkok
LPN Development
Based on developer materialUnder construction
High-rise condominium · 21 floors · 357 units
From 1,930,000 THBAvailability and price confirmed personallyFrom THB 1.93M in an active Scancondo listing checked on 20 August 2026 for a 25 sqm studio on the 8th floor. The platform explicitly classifies the deal as a pre-sale booking/down-payment resale. This is a lower public market anchor, not a current LPN developer price; the full contract amount, outstanding developer balance, any contract-transfer fee, availability and foreign quota need separate confirmation.
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Frequently asked questions

Is LPN a listed company?

Yes. L.P.N. Development Public Co., Ltd. has been listed on the Stock Exchange of Thailand under ticker LPN since 23 December 1994, which gives buyers access to recurring corporate and financial disclosures.

What does LPN develop besides condominiums?

The current catalogue also includes houses, townhomes and office products. LPN's 2026 pipeline places additional emphasis on low-rise housing, including BAAN 365 Jessada Ratchaphruek.

Does LPN operate only in Bangkok?

No. Bangkok is a core market and the focus of the current NovAsia selection, but LPN's own catalogue also includes locations such as Jomtien and Cha-am.

What price segment does LPN target?

There is no single price band. LPN sells attainable urban condominiums as well as higher-priced low-rise housing. As one dated reference, Place 168 Pinklao was reported from THB 2.29 million in March 2026, but that should not be treated as a live price for every unit or project.

Does SET listing make an LPN purchase safe?

No. Listing improves transparency, but it does not remove project risk. The seller entity, contract, approvals, construction status and handover terms still need to be checked for the exact property.

Can I rely on LPN's portfolio occupancy when buying for rent?

LPN has said its rental portfolio exceeds 2,000 units with occupancy close to 100%, but that is a group-level operating metric. It does not guarantee a tenant, rent level or zero vacancy for the unit you buy; those terms need to be established in the relevant contract.

Sources

Sources are named for independent checking. NovAsia does not publish outbound links.

  1. The Stock Exchange of Thailand · LPN factsheet — Stock Exchange of Thailand · 24.08.2026
  2. The Stock Exchange of Thailand · LPN Financial Performance Q2 2026 · 24.08.2026
  3. L.P.N. Development Public Co., Ltd. · LPN business direction for 2026 · 24.08.2026
  4. L.P.N. Development Public Co., Ltd. · LPN project progress · 24.08.2026
  5. Office of Natural Resources and Environmental Policy and Planning · LPN project-owner records in Thailand's EIA database · 24.08.2026
  6. TerraBKK · Place 168 Pinklao: published starting price in March 2026 · 24.08.2026
  7. L.P.N. Development Public Co., Ltd. · LPN project catalogue · 24.08.2026
  8. L.P.N. Development Public Co., Ltd. · LPN company history · 24.08.2026