At a glance
- Developer: Land and Houses Public Company Limited (บริษัท แลนด์ แอนด์ เฮ้าส์ จำกัด (มหาชน))
- Type: Publicly-listed residential property developer
- Founded: 1983 (incorporated as a limited company)
- Listed: 1991 (Stock Exchange of Thailand)
- Headquarters: Bangkok, Thailand
- Stock Ticker: SET: LH
Heritage and ownership
Land and Houses Public Company Limited (LH) is a major Thai property developer with origins tracing back to 1973. The company was formally incorporated in 1983 by Ms. Piangjai Hanpanich and her son, Mr. Anant Asavabhokhin, and was listed on the Stock Exchange of Thailand (SET) in 1991.
The company's primary business is the development and sale of residential properties, including detached houses in planned estates, townhouses, and condominiums, with a strong focus on Bangkok and its surrounding metropolitan area, as well as major provincial cities. The group also operates a property rental and services segment and holds investments in various subsidiaries, including entities in asset management and US real estate.
Land and Houses is the parent company of its group and has no disclosed parent entity. Historically, the Asavabhokin family has been the largest shareholder group. Mr. Anant Asavabhokhin has long been a key figure in the company's leadership, previously serving as Chairman. The company has also had historical associations with financial institutions, such as Land and Houses Bank. For current leadership and shareholder details, the company's latest annual report and SET filings are the most reliable sources.
Based on financial data from 2017, the company generated total revenues of approximately THB 38.8 billion. As of early 2015, it was reported to have 67 active projects across Thailand.
Phuket portfolio
Land and Houses has developed several residential projects in Phuket. Based on available information, its portfolio includes:
- Land and Houses Park Phuket: A large, completed estate of 1,000 single-detached houses in Chalong, Mueang Phuket. Construction on the 415-rai project was completed in 2008.
- 88 Land & Houses Hillside Phuket: A luxury housing project featuring tropical-style homes. The precise location and completion date are not specified in the provided materials.
- VIVE Phuket: A new luxury pool villa project located in Thalang District. Operated by subsidiary LH Muangmai Co., Ltd., the project launched in March 2025 and consists of 36 high-end villas on a 20-rai plot.
What buyers should know
Land and Houses is a large, established, and publicly-listed developer with a long track record in the Thai market. As a listed entity, its financial reporting and corporate governance are subject to regulatory oversight by the SET and the Thai Securities and Exchange Commission.
It is worth noting that the Audit Committee's report within the company's 2011 Annual Report made a disclosure regarding legal matters. The committee stated that it "found cases in which the Company was sued by consumers and disputes involving protests by communities near its projects." The report recommended that management apply extra care in presenting project details to avoid future disputes. The disclosure was general in nature and did not specify the projects, locations, or outcomes of these cases. The provided research materials did not contain specific details of any such lawsuits or disputes related to the company's Phuket projects.
While general market commentary on Phuket real estate often highlights risks such as illegal land use or nominee ownership structures involving other developers, the provided sources do not link Land and Houses to these specific issues. Buyers considering any property purchase are advised to conduct their own due diligence on the specific project, including title deeds, permits, and contractual terms.
Source notes: see citations below.