Noble keen to maintain its asset-light strategySET-listed Noble Development plans to maintain its asset-light strategy by seeking partners for joint ventures in new projects and investors to purchase rental condo units, a business it launched late last year. These include two single detached house projects worth 3.6 billion baht in Bang Na and Khlong Bang Phai in Nonthaburi. The company targets presales of 15.3 billion baht and transfers of 10.5 billion baht by the end of 2026, up from 9 billion baht and 7.8 billion baht last year, which had declined by 47% and 30%, respectively, from 16.9 billion baht and 11.2 billion baht in 2024. Revenue last year totalled 7.6 billion baht, down 34%, with revenue from residential sales declining by 30% to 4.7 billion baht from 6.6 billion baht. "However, we will take the situation into account when planning new condo projects before launching them for sale."

Source: Bangkok Post March 12, 2026 18:18 UTC