NovRichy Place 2002
Richy Place 2002 is easier to assess through its public-company record than through marketing claims: it was established on 18 November 2002 and has been listed on the Stock Exchange of Thailand under ticker RICHY since 7 August 2014. Its core activity is property development for sale, with the 2025 annual report covering both condominium schemes and low-rise housing, as well as commercial property. For a buyer, the practical advantage of the listed-company structure is access to recurring financial statements, annual reports and market disclosures; it does not, by itself, guarantee the quality or contractual security of an individual project.
Sections 6
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Track record
The company’s official history records its first residential launch, Richyville Bang Bua Thong, in January 2004: 74 two-storey detached houses with an estimated project value of about THB 160 million. In June 2005 it launched Richy Tower Phetkasem-Sathorn, a 19-storey, 212-unit condominium valued at about THB 300 million, followed in 2007 by the 22-storey, 422-unit Le Rich Rama 3 with an estimated value of THB 1.062 billion. Richy converted into a public company in 2013 and listed on the Stock Exchange of Thailand in 2014. The timeline demonstrates more than two decades of operating history, but a buyer should still judge the actual unit and project on current documentation and delivery condition rather than on corporate age alone.
Segments and prices
Richy’s 2025 annual report shows a broad spread of price points rather than a single market position. Examples in the report include THB 1.6–2.5 million per unit at Richpark @ Chao Phraya, THB 1.99–2.80 million at Richpoint Wutthakat, THB 2.99–5.9 million at The Rich Rama 9–Srinakarin and THB 8.2–24 million at The Rich @ Nana. Low-rise products are shown from about THB 2.79 million upward, while The Rich Avenue commercial units are quoted at THB 18–35 million. These are company-reported selling prices as of 31 December 2025, useful for understanding positioning but not a substitute for a current unit-level quotation, availability check and contract review.
Geography
The company’s development footprint is concentrated in Bangkok and Greater Bangkok. Its official materials reference locations around Bang Sue and Tao Poon, Sathorn and Wongwian Yai, Nana, Lak Si and Phahonyothin, Rama 9 and Srinakarin, Wutthakat, as well as the Rattanathibet–Ratchaphruek corridor in Nonthaburi. That gives Richy experience across both central locations and transit-oriented suburban districts, but rental depth and resale liquidity can differ sharply between those submarkets and should be assessed at project level.
Reliability and public record
Richy has one meaningful transparency advantage: it is a listed company under ticker RICHY, with financial statements and auditor information published through the Stock Exchange of Thailand; the current SET factsheet shows the latest auditor opinion as unqualified. That transparency should not be confused with a blanket reliability rating. In the reviewed results for the first six months of 2026, loss attributable to owners of the parent was THB 76.068 million, compared with a THB 83.882 million loss in the same period of 2025. For a property buyer, those figures are not a standalone verdict on a project, but they are a reason to combine project-level checks with the developer’s latest disclosures.
What to verify
Start by confirming which legal entity is actually selling and developing the selected project. Richy’s annual report lists subsidiaries involved in property development and property-management activities, so the company name and registration details in the reservation and sale documents should match, or be clearly and documentarily linked to, the land or project records, permits and payment account. For a condominium, verify construction and transfer status, title and encumbrances, juristic-person fees and rules, the available foreign-ownership quota and defect-remedy terms; for an unfinished unit, obtain the current construction and transfer schedule and distinguish contractual commitments from sales promises. Before any major payment, also review the latest RICHY disclosures on SET for material events published after the date of this profile.
Projects in the NovAsia catalogue
These are the projects currently shown in the NovAsia catalogue; the list is not a complete corporate portfolio.
ThailandRich Park Terminal @Phahonyothin 59
ThailandRich Park @ Triple Station
ThailandRichPoint @ BTS Wutthakat
ThailandThe 8 Collection Luxury Residence
ThailandThe Rich Rama 9–Srinakarin
ThailandThe Rich Sathorn–Taksin
ThailandRich Park @ Bangson Station
ThailandRich Park 2 @ Taopoon Interchange
Frequently asked questions
Is Richy Place 2002 a listed company?
Yes. Richy Place 2002 has been listed on the Stock Exchange of Thailand under ticker RICHY since 7 August 2014. This gives buyers access to a stronger public disclosure trail, but it does not replace project- and contract-level due diligence.
How long has Richy been developing residential property?
The company was established in 2002, and its official project chronology begins with a residential launch in 2004. By 2005, it had launched the multi-storey Richy Tower Phetkasem-Sathorn condominium.
Does Richy operate only in the high-end segment?
No. The 2025 annual report shows a wide range: some condominium projects were priced from roughly THB 1.6–3 million per unit, while The Rich @ Nana was quoted at THB 8.2–24 million. The relevant segment therefore depends on the individual project rather than the developer name alone.
Does the SET listing make a Richy purchase automatically safe?
No. Listing improves transparency because financial statements and formal disclosures are available, but it does not guarantee handover timing, construction quality, absence of encumbrances or favourable terms in a particular sale contract.
What do the latest available 2026 results show?
The reviewed SET filing for the first half of 2026 reports a THB 76.068 million loss attributable to owners of the parent, versus a THB 83.882 million loss for the same period a year earlier. The figures are relevant to developer-level due diligence, but they should not be used as the sole basis for deciding on a particular unit.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Richy Place 2002 Public Company Limited · Richy Place 2002 Annual Report 2025, Form 56-1 One Report · 24.08.2026
- The Stock Exchange of Thailand · RICHY factsheet: company profile, listing, capital and auditor · 24.08.2026
- The Stock Exchange of Thailand · Q2 and H1 2026 operating results, Form F45, reviewed financial statements · 24.08.2026
- Richy Place 2002 Public Company Limited · Richy Place 2002 corporate history · 24.08.2026