The Group Company operates Real Estate Development Business through TNL Alliance Co., Ltd (TNLA) held 100% of total shares by the Company

a residential real estate development-for-sale business by investments through joint ventures with Noble Development Public Company Limited (NOBLE). There are currently 7 projects under development consisted of Nue Noble Ratchada-Ladprao, Noble Curve, Noble Curate, Noble Create, Nue Core Kukot Station, Nue Hype Suksawat and Nue Riverest Ratburana