ORN has announced its business plan for 2025, focusing on real estate in Chiang Mai and Phuket with the launch of 3 new projects: "HABITAT," "THE ASTRA," and a comprehensive community mall "THE BACKYARD" worth a total of 2.148 billion baht. The company showcases a solid backlog of 1.763 billion baht and aims to recognize revenue gradually in 2025-2026, targeting this year's revenue to reach 2.218 billion baht, growing no less than 60%. Meanwhile, Mill Hill International School Thailand is set to commence classes in September 2025.

Mr. Pridikorn Buranupakorn, CEO of Orn Sirin Holding Public Company Limited (ORN), stated that the company is fully committed to the real estate business in Chiang Mai and Phuket, focusing on developing high-quality horizontal and vertical projects that meet the needs of both Thai and foreign customers. This year, the company plans to launch 3 new projects with a total value of 2.148 billion baht, which include:

1. The horizontal project HABITAT, a luxury Neo Classic-style home project valued at 568 million baht, launching in Q4/2025.

2. The condominium project THE ASTRA, a luxury condo in a prime location with complete amenities, valued at 1.380 billion baht, launching in Q4/2025.

3. The community mall project THE BACKYARD, covering 4,000 square meters, with a total project value of 200 million baht, serving as a new hub for shopping and leisure, featuring shops, restaurants, health centers, and educational spaces in a two-story building, set to open in Q4/2025.

This year's investment budget is 2.595 billion baht, allocated for land purchases in Chiang Mai and Phuket amounting to 500 million baht, with 1.469 billion baht designated for new project development and 626 million baht for operational improvements and construction aligned with ESG initiatives.

Mr. Akkadech Udomsiri Thamrong, Deputy CEO of ORN, mentioned that the Chiang Mai real estate market still has room for growth, supported by urban expansion, tourism sector growth, and government policies stimulating the real estate sector. These factors provide opportunities for foreigners to rent properties in Thailand long-term, which is a key mechanism to attract Thai investors seeking rental properties and increasing foreign investment in the Chiang Mai real estate market.

ORN continuously adjusts its operational strategies to meet challenges and seize opportunities in a changing market, focusing on developing homes and condos that align with the needs of target groups. This includes prioritizing design that accommodates various lifestyles and health safety, developing innovations for environmentally friendly living, and implementing robust marketing strategies and after-sales services. The company also emphasizes sustainable organizational development by integrating ESG concepts into its operational policies and project developments, enhancing sales opportunities.

Currently, the company has 27 projects for sale, comprising 14 horizontal projects and 13 vertical projects, with a total value of approximately 4.551 billion baht. The backlog stands at around 1.763 billion baht, with revenue recognition expected in 2025-2026, targeting this year's revenue at approximately 2.218 billion baht, or a growth of about 60%.

Regarding the progress of the Mill Hill International School Thailand, the first British school in Chiang Mai aims to incorporate global educational standards into the development of quality education in Chiang Mai and the northern region.

The first phase of construction is complete, including the administration building and early childhood education building, with 4 additional buildings under construction. Over 130 students have expressed interest in enrollment, and qualifications are currently being assessed. The school will accommodate students aged 3 to 10 years, scheduled to open in September 2025, offering classes from kindergarten to Year 6, with plans to expand to Year 13 in the future, strengthening the business and ensuring long-term revenue stability.