New Projects
Ready to move in
Near mass transit
City Living Condo
Resort condo
Sports lover
Value

Message from Chairman

Dear all Shareholders,

2022 was the year in which the global economy has entered recession due to multiple crises. This included the crisis caused by the pandemic of coronavirus disease 2019 (COVID-19), which is still active today. While situations have improved when compared to 2020-2021, the crisis still has impact on the growth of global economy, coupled with geopolitical crisis of the Russia and Ukraine War. A direct impact has been felt on economic drive due to the fact that Russia is a strategic global energy source. As a result, energy costs have risen and there has been general inflation. The global economy has recessed. The World Bank has predicted that the world economy in 2022 would grow by 2.9 per cent, when compared to a prior forecast of 4.1 per cent.

While the Thai economy in 2022 was recovering from impact of COVID-19, it had to face with the global economic recession and energy price rise. Thai people’s costs of living were higher and the inflation rate was at 6.08 per cent which was the highest in 24 years according to the Ministry of Commerce’s report. The inflation that went on throughout the year has resulting in the Bank of Thailand and the National Economic and Social Development Board adjusting the estimation of Thai economic growth rate from 3.5-4.5 per cent down to 3.2-4.2 per cent.

Under such circumstances, LPN has adjusted it business strategy to prepare the organization to move forward and suffer the least impact from the Volatility, Uncertainty, Complexity and Ambiguity of the Thai economy which is driving by unpredictable changes of the global economy. LPN has improved its products, services, internal procedures to increase sale volumes and decrease expenses. Business strategies have been adjusted to correspond with incurring changes through development of living units that respond to needs of all levels of buyers under the concept of “Living Livable”. A new project has been designed taking into account comfort as well as Smart & Wellbeing under the brand “168”.

2022 was another year that demonstrates organizational competency and collaboration of every team member to drive the organization through hurdles of economic uncertainty and volatility. I would like to express my thanks to the dedication of all executive members, staff members and business partners in the past year. Thanks also go for confidence and trust of all the shareholders. Every support is a great encouragement for LPN to never stop developing best products and services under the aspiration of building quality “Homes” that deliver true happiness of living to all Thai people and of creating sustainable growth for the organization and all groups of stakeholders.

Amornsak Noparumpa
Chairman of the Board

ไทย English