Phuket is the jewel of the Andaman, a dream destination for tourists worldwide seeking to explore and relax. It offers a complete range of natural attractions, lifestyle options, amenities, and adventure activities, making Phuket a hotspot for both Thai and international tourists, as well as those coming to work in the tourism industry. Currently, there is an increasing demand for housing in Phuket, particularly from Russian nationals purchasing villas, alongside a growing number of Chinese investors looking to invest in rental condos.

Today, we invite you to explore The Origin Kathu-Patong by Origin Nationwide Company Limited, a subsidiary of Origin Property Public Company Limited This latest condo project follows the successful launch of The Origin Center Phuket earlier this year, which received an excellent response, selling out all 3 buildings with a total of 700 units within 6 weeks.

Phuket: A World-Class Tourist City Becoming the Most Desired Place for Foreign Residents

Phuket generates the second-highest tourism revenue in the country after Bangkok and has been awarded the title of the most attractive island to visit in Southeast Asia due to its natural beauty and diverse lifestyle. It is also a popular city for many foreigners who choose it as their long-term residence for retirement and relaxation.

According to the Ministry of Tourism and Sports, in the first quarter of 2023, approximately 2.02 million international tourists visited Phuket, contributing 12% to the revenue of 83.25 billion baht, which accounts for 30% of the total.

In the first six months of 2023, the total number of tourists visiting Phuket reached 1.8 million, a growth of 259% year-on-year. It is projected that by the end of 2023, there will be a total of 14 million tourists, which is 96% of pre-COVID levels, indicating a strong recovery in tourism.

The main tourist group in the first half of 2023 primarily consisted of Russians fleeing the war and cold weather, who have high purchasing power. This was followed by tourists from China, with visitors from India and Australia also contributing to a significant increase in hotel room demand. In March, the average occupancy rate peaked at 87%, while in May it dropped to 73%, still a satisfactory increase. Room rates have risen by 55%, averaging 4,371 baht per night, which is 4.9% higher than pre-COVID levels.

Tourists in Phuket typically stay on the island for about 4-5 days, spending around 6,400 to 7,200 baht per person per day, making them higher spenders compared to tourists visiting other beach destinations in Thailand.

Investment Opportunities in Phuket Real Estate: How Good Are the Rental Returns?

The popularity of purchasing condos in Phuket has been steadily increasing among foreign tourists, investors, and Thais due to the variety of projects available in multiple locations, featuring outstanding and unique designs for common areas. The growth of locations in Phuket has shown significant increases every year, making it a golden area where land prices are comparable to Bangkok's CBD.

Recent data indicates that land prices in Phuket, specifically in areas suitable for condominium development in Bang Tao, Rawai, and Nai Harn, average between 30-40 million baht per rai. Coastal land prices at Layan Beach, Karon Beach, Kata Beach, and Kamala Beach have increased by at least 50%, averaging between 70-100 million baht per rai. In Patong Beach, land prices are no less than 200-300 million baht per rai.

Moreover, Chinese, Russian, and European nationals show a high interest in residing in Phuket. The Russian clientele accounts for 50-60% of the total customer base, with Russians purchasing real estate in Phuket amounting to 900 million baht in the first half of 2023, including villas and luxury condos in prime locations near the beach or with direct sea views. Projects with interesting designs are highly sought after for both purchase and rental by foreigners, as some are looking to buy homes in Phuket as a second residence for vacations, escaping the cold, and political issues. The condo market remains dominated by Chinese buyers investing for rental returns, with rental yields in Phuket clearly rising to 7-8%.

Additionally, Phuket has plans to develop infrastructure to support the tourism sector, with the Airports of Thailand Company preparing to invest over 6 billion baht to expand Phuket Airport Phase 2, increasing the capacity from 6 million to 12 million passengers per year, and with the domestic terminal also accommodating another 6 million, totaling a maximum capacity of 18 million passengers annually, expected to be completed by 2027. This development will undoubtedly be a significant factor in supporting the growth of Phuket's tourism sector in the future.

The Origin Kathu-Patong: A New Condo Near Patong - Old Town

The Origin Kathu-Patong is the latest condo project in Phuket by Origin Nationwide Company Limited, a subsidiary of Origin Property Public Company Limited, in collaboration with Phuket Villa Corporation Limited, a major real estate developer in Phuket with 28 years of experience, to jointly develop the project The Origin Kathu-Patong

Kathu is another prime location in the heart of Phuket, serving as the tourism hub of the province, with the famous Patong Beach known for its beauty and Kamala Beach offering 24-hour entertainment. It is an area of interest for residents and investors due to its proximity to various amenities. The project The Origin Kathu-Patong is situated in a prime location on Phra Phuket Kaew Road, at the corner of the city, approximately 11 km from Patong Beach, taking about 12 minutes to travel, and about 3.2 km from Phuket Old Town, taking around 10 minutes. It is surrounded by numerous amenities, such as nearby educational institutions like Kathu Municipality School 2 and Songkhla University, government centers, and various activity venues including Red Mountain Golf Club and Andamanda Water Park.

Currently, residents of Phuket are increasingly choosing to live in the central Phuket area, as it is close to the city and has complete amenities. The surrounding area is primarily residential, with both housing projects and low-rise condos located nearby. Shops, convenience stores, and restaurants are mostly found on both sides of the road, while schools, hospitals, and shopping malls are located close to the project and require a short trip to the main road. The project The Origin Kathu-Patong is only about 3.3 km from Central Phuket.

Amenities Nearby

Blu Pearl Phuket 3.0 km

Lotus Phuket 3.1 km

Central Phuket 3.3 km

Big C Phuket 3.7 km

Chaofa Variety Market 6.6 km

Hospitals

Andaman Health and Wellness Center 2.3 km

Bangkok Siriroj Hospital 3.9 km

Bangkok Phuket Hospital 4.1 km

Vachira Phuket Hospital 4.9 km

Attractions

Red Mountain Club 2.3 km

Andamanda Phuket 3.1 km

Phuket Country Club 4.0 km

Patong Beach 8.0 km

Old Phuket Town 8.5 km

Phuket Airport 32.4 km

Schools

Kathu Municipality School 2 1.0 km

Songkhla University, Phuket Campus 2.6 km

The Origin Kathu-Patong: Understanding the Needs of the New Generation in Phuket

The project The Origin Kathu-Patong consists of 3 buildings, 8 stories high, with a total of 617 units and 7 commercial units, designed under the concept of “Balancing Life in the Heart of Phuket”. The design integrates living spaces with relaxation areas, utilizing colors, lines, greenery, and wooden furniture to reflect Phuket's unique identity.

The project will feature 3 buildings arranged in an L-shape surrounding a central area, with Building A housing residential units and a rooftop garden, while Building C will host retail spaces on the ground floor, gathering leading shops to cater to dining, drinking, and shopping needs all in one place, enhancing the living experience for residents.

For the first time in the Phuket condo market, the project The Origin Kathu-Patong will allocate 30% of the units to participate in the IP Program, an investment initiative with a professional team to help find tenants or guests, ensuring continuous returns for 10 years, while the remaining 70% will be available for regular sale to residents and investors.

The common areas of the project The Origin Kathu-Patong cover over 3,000 square meters, designed to meet various needs. The main areas are divided into two parts: the ground floor, which includes a clubhouse with fitness facilities, lockers, changing rooms, co-working spaces, meeting rooms, a lobby, garden court, a 70-meter swimming pool, a leisure pool (kid-friendly), jacuzzi, pool access rooms, sun deck, party area, and activity lawn.

The rooftop garden, located on the top floor of Building A, features a jogging track, sky deck, yoga deck, sky lawn, and hydronic lift.

The decoration in the common areas aligns with the project's design, emphasizing the use of furniture that reflects Phuket's identity, creating a comfortable living atmosphere akin to a hotel experience.

Room Types: 5 Designs with Special Functions for Comfortable Living, Including Large Pool Access Rooms

The project The Origin Kathu-Patong offers a total of 5 room types:

· Studio size 25 square meters

· Living Suite size 28 square meters

· Leisure Suite size 28 square meters

· Master Suite size 34 square meters

· Ocean Suite size 47 square meters

Each room type has been designed with different functions to accommodate the living needs of Thais and foreigners, including rooms specifically for investment.

The units in Building A, located at the front of the project, are designated for investors participating in the IP program, allowing tenants or guests to have a clearly defined separate building, enhancing security for permanent residents in other buildings.

The internal functions of each room type reflect the project's attention to the lifestyle of residents, particularly considering the differing behaviors of Asian and European individuals, harmoniously integrated through unique Phuket designs. All condos will feature balconies to accommodate sunbathing and drying clothes, with the project ensuring that balconies are spacious and wide.

To facilitate rental opportunities, the project includes built-in furniture, standalone furniture, electric stove sets, hoods, sinks, shower partitions, and air conditioning units, allowing residents to move in with just their clothes after the transfer is complete.

Studio Room Size 25 Square Meters is designed to accommodate 1-2 people, featuring a closed kitchen area at the front to prevent cooking odors from disturbing the living space, and a window area for placing a sofa to enjoy the view outside.

The Living Suite Size 28 Square Meters is designed for living, addressing the needs of residents, with sliding glass doors separating the kitchen, living room, and bedroom areas. This room features a large balcony for full utilization.

Leisure Suite Size 28 Square Meters has the same size as the Living Suite but is designed with a smaller balcony to increase the room space, resembling a hotel stay, catering to investment needs.

Master Suite Size 34 Square Meters and Ocean Suite Size 47 Square Meters are large pool access rooms that allow direct access to the swimming pool from the unit, with functions that can accommodate real living needs, suitable for families. These are the highlight room types of the project, receiving excellent feedback from European clients.

Investment Freedom with a New Condo Investment Program: Origin Resort Investment for 10-Year Returns

For real estate investors looking to purchase condos for rental, it is essential to check out the project The Origin Kathu-Patong as it is the first time in the Phuket condo market that 30% of the units will participate in the IP Program, a new condo investment program managed by a professional team from Hampton Hotel & Residence Management (HHR), which will assist in managing assets in the form of serviced apartments, helping to find tenants or guests under the Origin Resort Investment model, ensuring continuous returns for 10 years, with a guaranteed 7% return in the first 2 years, and ongoing management for 10 years. Residents in other buildings within the project can also choose to use additional services.

Customers who choose to purchase units for investment under the Origin Resort Investment will own the unit with a title deed as usual, without needing to manage tenant searches themselves, and will receive returns from both rental profits and the future appreciation of the property.

For those interested in the The Origin Kathu-Patong project, prices start at just 1.49 million baht.* The first opportunity to view the sample rooms will be on September 16-17 at the sales office of The Origin Kathu-Patong.

Register for Special Privileges https://bit.ly/463J1Cd
Meet us at the sales office The Origin Kathu-Patong at the corner of Mung Muang Lung: https://bit.ly/45yO9hq

For more information
LINE: https://lin.ee/eeyjqgf
Phone: 02-030-0000 or 1498

Or visit https://www.origin.co.th/condominium/the-origin-kathu-patong/

*Conditions apply as specified by the company.