"Origin Property" has announced its first joint venture with "Dusit Thani Group" to develop a high-end condominium opposite the IT building in the heart of Sriracha, named "The Hampton Sriracha by Origin and Dusit." The project is valued at 1.4 billion baht, aiming to leverage and support the growth opportunities in investment and tourism in the EEC region, highlighting the project's luxury residential features and comprehensive services, or "Service on Demand." Pre-sales are set to begin this November, with prices starting at 2.9 million baht.

Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company has partnered with Dusit Thani Public Company Limited (DTC) to develop this joint venture project for the first time in a 51:49 ratio under the name "The Hampton Sriracha by Origin and Dusit." This high-end condominium project will consist of 26 floors, one building, with 468 residential units and 3 commercial units, located opposite the IT building in the center of Sriracha, with a project value of approximately 1.4 billion baht.

"Both we and Dusit Thani see the potential of the Eastern Economic Corridor (EEC) area, which is expected to have mega-projects and massive investment flows, with many investors entering the area. It is also predicted that there will be no less than 10 million tourists visiting the area annually. With our combined strengths and shared vision for developing quality projects alongside superior services, we decided to collaborate this time to meet consumer demands and fulfill the increasing housing needs in the EEC," Mr. Pirapong said.

Furthermore, Sriracha is considered one of the most promising locations in the EEC due to its proximity to both traditional industrial estates, such as the Laem Chabang Industrial Estate, and many new industrial estates under development. It is also close to logistics hubs that are set to develop, such as Phase 3 of Laem Chabang Port, and is home to the "Digital Park Thailand" project, which is a mega-project and new landmark for technology and startup companies in Thailand and the region, covering over 700 rai.

Ms. Suphajee Suthumpun, CEO of Dusit Thani Group (DTC), stated, "Dusit Thani Group is very pleased to collaborate with Origin Property Public Company Limited, a leading real estate developer with experience and expertise. Dusit has decided to invest in this project because we have clearly set our goal to expand investments into businesses that align with our core business, and real estate development is one of the plans we have laid out. Dusit is well aware of the current market conditions and sees the opportunities and growth potential in the EEC area, which is a strategic point supported by the government, attracting both domestic and foreign investment and tourists."

The Hampton Sriracha by Origin and Dusit is a project that Dusit believes is suitable for investment at this time. It not only expands Dusit's business to diversify risks but also creates a balance in generating income and returns in a short period.

For the project, "The Hampton Sriracha by Origin and Dusit" is located on a 2-rai plot opposite the IT building in the heart of Sriracha, featuring three main highlights: 1. Location - just 3 minutes from the Sriracha high-speed train station connecting three airports and only 10 kilometers from Laem Chabang Industrial Estate; 2. Luxury - developed in a Modern Classic style with a focus on aesthetics, allowing residents to enjoy views of mountains, the city, and the sea; and 3. Service - integrating luxury condominiums with comprehensive "Service on Demand" to enhance convenience in life.

The project aims to target executives, entrepreneurs, startups, and foreigners investing and working in the area, with construction expected to start in Q4 2019 and be completed by Q4 2021. Pre-sales will begin this November, with prices starting at 2.9 million baht, and further project details will be revealed soon.

Origin Property Public Company Limited has a diverse business structure, including: 1. Residential Development Business - having developed 65 projects such as PARK ORIGIN, KnightsBridge, Notting Hill, Kensington, The Origin, and Britania, with a total project value exceeding 103 billion baht; 2. Recurring Income Business - including hotels, serviced apartments, and retail; 3. Service Business - such as property management, real estate agency, and consulting services. Origin Property is one of the companies that prioritizes real estate development in the EEC region, with several projects already developed in Sriracha and Rayong, including: 1. Origin District Laem Chabang-Sriracha mixed-use project; 2. KnightsBridge The Ocean Sriracha condominium project; 3. Origin Smart City Rayong mixed-use project, with a total project value in the EEC region nearing 20 billion baht.

Meanwhile, Dusit Thani Public Company Limited (DTC), or Dusit International, was founded in 1948. The Dusit Thani Group is a leader in hotel management and operations both in Thailand and internationally, with five main business groups: 1. Hotel Business; 2. Education Business; 3. Real Estate Development Business; 4. Food Business; and 5. Other Businesses. The hotel and resort business of Dusit comprises four brands: Dusit Thani, dusitD2, Dusit Princess, and Dusit Devarana, currently managing a total of 33 hotels and resorts both domestically and internationally. The company continues to plan for expansion into new business areas, with total revenue across all business groups in 2018 amounting to 5.56 billion baht.

Thank you for the information from www.origin.co.th