The government supports private sector investment to drive the EEC towards becoming a World-Class Economic Zone under the "Thailand 4.0" strategy. "Origin" is heavily investing in comprehensive real estate projects, including condominiums, hotels, and community malls in the EEC, with a total value exceeding 12 billion baht, aiming to support the government in stimulating both Thai and foreign investments. It is anticipated that Sriracha, a prime location, will become the "Osaka of Thailand" following the establishment of the "Digital Park Thailand," and is ready to continue its expansion into the EEC market.

    Mr. Sonthirat Sonthijirawong, the Deputy Minister of Commerce, stated that the infrastructure development projects in the Eastern Economic Corridor (EEC) are a crucial mechanism for driving the country towards wealth, stability, and sustainability in line with the "Thailand 4.0" strategy. The government plans to invest over 1.5 trillion baht in the first five years to elevate the eastern region, comprising Chonburi, Rayong, and Chachoengsao, into a "World-Class Economic Zone." However, to achieve maximum success in implementing these policies, cooperation from the private sector is essential.

“It is indeed a pleasure that the government’s EEC project today is not solely reliant on government investment in infrastructure to attract investors, but also sees the private sector developing real estate in the area, creating cities, communities, and supporting investment simultaneously. We would like to thank Origin Property Public Company Limited, which is a model company that has seriously supported investment and real estate development in the EEC area as one of the first,” Mr. Sonthirat said.

It is expected that the multi-dimensional cooperation mechanism between the government and the private sector in the EEC will help facilitate foreign investors' decisions to invest, making the EEC a "strategic economic city" that grows to generate income and contribute to the country's growth according to its goals, thus driving Thailand towards becoming "Thailand 4.0".

In the long term, investments in the EEC are expected to stimulate the Thai economy to grow at an average of about 5% per year, create 100,000 jobs annually in the industrial and service sectors, generate a new tax base of no less than 100 billion baht per year, attract over 10 million tourists annually, and create an additional income base of no less than 450 billion baht per year.

Regarding the investment, Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), stated that as a private sector company operating in the real estate business, they believe that this project will undoubtedly elevate the Eastern Economic Corridor to become a "World-Class Economic Zone" as targeted. The company aims to be part of the support for the development of this region, encouraging foreign investors' decisions to invest through various real estate projects in the EEC, with a total project value of over 12.13 billion baht, divided into projects in Sriracha, Chonburi worth 10.13 billion baht and in Rayong approximately 2.3 billion baht.

For the projects in Sriracha, the company has already begun developing two projects: 1. A mixed-use project named "Origin District Laem Chabang-Sriracha" with a project value of approximately 5 billion baht, which includes Kensington Laem Chabang 1, Kensington Laem Chabang 2, Notting Hill Laem Chabang, Holiday Inn & Suites, and the community mall "Portobello Mall." The Kensington Laem Chabang 1 condominium has been completed and is in the process of transferring ownership, while Kensington Laem Chabang 2 and Notting Hill Laem Chabang are under construction.

2. The "KnightsBridge The Ocean Sriracha" condominium project, valued at 2.5 billion baht, has received the Best Luxury Condo Development (Eastern Seaboard) award from the Thailand Property Awards 2017. It is currently completed and in the process of transferring ownership, with over 70% sold. Most customers are from Bangkok who purchased for investment purposes due to the continuously growing rental market in Sriracha, especially among Japanese tenants working in industrial estates, as Sriracha is conveniently located near these estates, making it a significant rental market with relatively high rental rates of around 30,000 baht per month.

“Currently, Sriracha is considered the most prominent location in the eastern region, being the 22nd largest port in the world, connecting Thai transportation with other countries. There is continuous foreign investment, especially from Japan, leading to it being dubbed "Little Osaka." In the future, after the government invests in infrastructure and the Digital Park Thailand project in Sriracha under the EEC project, there are positive signals that more Japanese investors will come in. Sriracha will not just be "Little Osaka" but will become the "Osaka of Thailand,"” Mr. Pirapong stated.

For the project in Rayong, the company also plans to develop a mixed-use project, expected to commence in 2018. To ensure continuity in developing projects in the EEC area, the company is also looking for additional land parcels to develop future projects that meet investor demands and promote government policies.

Currently, Origin Property Public Company Limited has a diverse business structure, including 1. Residential project development for sale (Project Development Business), having developed approximately 44 condominium projects with a total project value of over 43.5 billion baht. 2. Recurring income business (Recurring Income Business), such as hotels, serviced apartments, and retail. 3. Service business (Service Business), such as property management, real estate agency, and real estate consulting, and has a vision to continuously expand into new business types to become a comprehensive real estate operator.