Home sales
NC Housing develops and sells houses, townhomes, and condominiums under its own project brands. It handles project planning, construction oversight, and the handover of completed units to buyers.
Customers and revenue model
N
NC Housing PCL
SET:NCH
NC Housing PCL
SET:NCH
Price:
0.39
THB
Market Closed
Market Cap:
฿485.7m
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Company Overview
Business Description
- Sector
- Real Estate
- Headquarters
- Thailand TH
- IPO date
- Mar 29, 2004
NC Housing PCL is a Thai property developer that builds and sells homes, mainly low-rise housing such as single-family houses, townhomes, and related residential projects. Its business starts with buying land, planning neighborhoods, and then constructing and marketing the homes to buyers who want to live in them rather than rent them. The company makes money mostly by selling completed homes or units in its development projects, with some additional income coming from related property services or other real estate activities.
Its main customers are households looking for affordable to mid-priced housing, especially people buying their first home or moving into a suburban residential community. NC Housing competes in a very local part of the property market, where location, design, financing access, and the reputation of the developer matter a lot. Unlike a landlord, it does not mainly earn recurring rent; it depends on turning land and construction work into home sales.
That makes the company a classic residential developer: it takes on land and project risk upfront, then earns cash when homes are sold and transferred. Its role in the value chain sits between landowners, contractors, and homebuyers, since it coordinates the whole process from site selection and design to construction, marketing, and handover. For investors, the key point is that NC Housing is tied to demand for owner-occupied housing and the health of the Thai residential property market.