Origin Property, or ORI, is progressing with the transfer of ownership for 3 newly completed condominiums in the second quarter of 2024, located in 3 hot zones along 3 different subway lines: SO Origin Kaset Interchange, Origin Plug & Play Nonthaburi Station, and Origin Play Sriudom Station. The backlog exceeds 80%, valued at over 5 billion baht, and the company is organizing an ownership transfer event in collaboration with banking partners to facilitate the handover of units while supporting community products to bring happiness to residents at the event.

Mr. Pirapong Jarunek, Chief Executive Officer of Origin Property Public Company Limited (ORI), a comprehensive real estate development company, stated that in the second quarter of this year, the company will gradually transfer ownership of 3 newly completed condominium projects, with a total project value of over 6.6 billion baht. These include: 1. SO Origin Kaset Interchange valued at 1.68 billion baht, 2. Origin Plug & Play Nonthaburi Station valued at 2.8 billion baht, and 3. Origin Play Sriudom Station valued at 2.18 billion baht. The backlog for these 3 projects already exceeds 80% of the project value, amounting to over 5 billion baht.

The company has also organized activities to facilitate new homeowners throughout the second quarter of 2024, such as the Origin Exclusive Financial Day, partnering with financial institutions to assist residents in preparing for loan applications and analyzing credit limits. The Happy New Home event welcomes new residents to visit the completed buildings, featuring activities like Check & Sure for confidence-building, along with relaxing spa services and fun glass painting activities for residents inspecting their units. Each activity has received overwhelming positive feedback from homeowners.

All 3 projects are large-scale developments located in prime areas near various subway lines, including the Green, Purple, and Yellow lines. Each project has unique highlights, such as SO Origin Kaset Interchange, which is close to multiple subway lines; Origin Plug & Play Nonthaburi Station, which boasts a comprehensive 4-story common area with over 20 activities and scenic views of the Chao Phraya River; and Origin Play Sriudom Station, designed to be pet-friendly. By combining these unique features with financial facilitation and attentive care for residents, the company is preparing to close project development loans with relevant financial institutions within approximately 2-3 months after the ownership transfer begins.

Mr. Pirapong further stated that in 2024, the company will continue to enhance its care for residents alongside social and environmental responsibility, with the concept of being part of a community that grows sustainably together through the Origin Give project, featuring the campaign Drink To Give Together. This initiative introduces community products, starting with natural wild honey from the Karen community in Chiang Rai, produced with meticulous care for the forest ecosystem, resulting in a uniquely sweet and fragrant flavor from over 300 types of wildflower nectar. This product will bring joy to residents during various company-organized activities, including Financial Day and Happy New Home, to promote community products and support income generation for the community while enhancing the living experience for residents and allowing them to contribute to community support.

Additionally, the company has 5 more condominium projects scheduled for gradual construction completion and ownership transfer in the second half of 2024, valued at over 9.4 billion baht, under various brands including Knightsbridge, Origin Play, Origin Plug & Play, SO, and The Origin, with a backlog exceeding 75%. This is expected to ensure a continuous flow of ownership transfers for the company.

Origin Property Public Company Limited (ORI) has a diverse business structure, including 1. Residential Development Business with 158 completed projects (as of the end of Q1 2024), such as Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton, and Britania, with a total project value exceeding 247.795 billion baht; 2. Recurring Income Business including hotels, serviced apartments, and retail; 3. Service Business including resident services, property management, real estate brokerage, and consulting; and 4. Long-term Mega Trends Business focusing on new growth areas such as logistics, healthcare, energy, finance, and entertainment, aimed at enhancing the overall quality of life for consumers.