Information about the Company
Hylife Developments Co., Ltd. (Hylife Developments) is a property development company based in Chiang Mai, Thailand. The company specializes in the design, development, and marketing of condominiums, luxury villas, commercial projects as well as mixed-use developments and aims to be one of Thailand’s premier property developers.The company is set to revolutionize the property development industry by seamlessly integrating the built environment with well-thought-out designs. These designs will create vibrant, sustainable, and cohesive living environments catering to the diverse lifestyles of discerning individuals and families for both the local and international markets.
The strategic direction of the company focuses on sustainable growth and market leadership that is set to transform Chiang Mai's property market through well-planned, community-enhancing projects prioritizing safety, and comfort with contemporary living.
Innovative Corporate Culture & Growth Initiatives
Hylife Developments distinguishes itself by fostering strong collaboration with the local governments. The company believes in securing project approvals through open communication, emphasizing the positive impact its endeavors have on local communities. Community development is a cornerstone of its philosophy, particularly in Northern Thailand. This commitment is reflected in the company’s robust Corporate Social Responsibility (CSR) initiatives.The company’s success hinges on a well-diversified management team, leveraging international expertise to cultivate best practices and propel the company forward. Hylife Developments is also dedicated to nurturing future talent through accelerated promotions and scholarship programs. This year, for instance, the company offered scholarships to Chiang Mai University undergraduates, integrating them into the Hylife Group via internships and guaranteed employment upon graduation.
Sustainability remains a top priority for the company. The company strives to exceed ESG (Environmental, Social, and Governance) benchmarks, prioritizing local and environmentally friendly materials in its projects. Its vision extends beyond immediate gains; meticulously building a brand synonymous with ESG.
Northern Thailand serves as Hylife Developments’ springboard, and the company is deeply invested in its growth. Its portfolios go beyond residential projects, venturing into commercial spaces and constructing its own corporate headquarters. While Chiang Mai holds the primary focus, the company has recognized the potential for future developments in Bangkok.
Hylife Developments' overarching objective is to elevate Northern Thailand's profile. This region brims with untapped potential, and Hylife Developments is steadfastly committed to unlocking it together with its local partners.
Elevating lifestyles. Enriching communities.
Achievements and Impact
From its humble beginnings in a single shophouse and commercial office back in 2018, Hylife Developments has since expanded to a 22,000-square-foot headquarters as part of the Hylife Group of Companies. This reflects its remarkable and rapid growth in such a short span of time.The group currently possesses investments amounting to THB 283 million (USD 7.8 million). Despite facing challenges from the pandemic, Hylife Developments managed to launch and sell out HYcondo Thasala in just nine months, a THB 169 million (USD 4.6 million) low-rise condominium project, yielding a profit of 20%.
Hylife Development’s current project pipeline is valued at THB 1.22 billion (USD 33.2 million) and the company is projected to deliver an estimated profit of THB 88 million (USD 2.4 million) this year. The company also aims to develop projects worth THB 2.3 billion (USD 63.6 million) over the next two years to achieve profits exceeding THB 237 million (USD 6.3 million) by 2026.
On another note, the company’s focus on strategic human resource management and operational excellence has cultivated a resilient and innovative team that drives its success through meticulous project planning and execution with stringent adherence to project timelines and cost management. This ensures that projects are completed on schedule and within budget.
The company’s commitment to sustainable growth includes leveraging eco-friendly building materials, adopting innovative construction practices like precast construction, and efficient project management to minimize its environmental impact, which also underscores its operational rigor.
Future Direction
The future of Hylife Developments is promising. It has ambitious expansion plans, both within Chiang Mai and internationally to solidify its status as one of Thailand’s top property developers. The company’s strategic vision includes robust succession planning for seamless leadership transitions and developing a future-ready team. The company prioritizes adaptability and a customer-centric approach, targeting an IPO by 2030 to ensure its long-term success in today’s dynamic property landscape.COMPANY MILESTONES
