Origin Property has recorded sales of over 8.027 billion baht in the first quarter of 2025, with two more projects set for ownership transfer in the second quarter, contributing to a backlog of over 1.7 billion baht, supporting a total backlog of 45.389 billion baht to be recognized over the next five years.

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that in Q1/2025, the company achieved sales of over 8.027 billion baht, with approximately 85% coming from condominium projects and about 15% from housing projects.

The sales breakdown includes approximately 56% from ready-to-move projects and about 44% from newly launched and ongoing construction projects. One new project launched is SO ORIGIN SUKHUMVIT 105, an 8-story low-rise condominium with 913 units valued at 2.6 billion baht, which received an excellent response from both Thai and foreign customers during the VVIP and online booking phases.

Additionally, the company set a new record during the 47th Housing and Condo Fair held at the Queen Sirikit National Convention Center from March 20-23, 2025, achieving the highest sales ever recorded at 1.2 billion baht. This reflects the demand for housing and consumer confidence in the Origin brand, supported by the Bank of Thailand's announcement to relax the Loan to Value (LTV) ratio for housing loans, allowing a 100% loan-to-value ratio for homes priced below 10 million baht for the second contract and for homes priced at 10 million baht and above for the first contract. This relaxation is temporary for loan agreements made from May 1, 2025, to June 30, 2026, serving as a stimulus for purchasing decisions.

The sales figures have bolstered the backlog to 45.389 billion baht, which will be recognized over the next five years. In Q2/2025, two projects are set to begin transferring ownership: Origin Plug & Play Srinakarin and The Hampton Suites Rayong, with a backlog of over 1.785 billion baht.

In the hotel business, the company currently operates 9 hotels, with 3 more set to open in 2025. Two of these will be re-openings of hotels acquired in 2023 in major tourist destinations like Phuket and Chiang Mai, and one in Bangkok.

As for the warehouse business, there are currently 9 locations in key strategic areas, including Rangsit, Bangna Km. 22, Bangna Km. 19, Bangna Km. 23, Laem Chabang, Panthong, and the Eastern Economic Corridor (EEC), covering over 400,000 square meters with a high occupancy rate of 97.6%. The company aims to expand to 1 million square meters in the next 5 years.

Origin Property will continue to drive the organization under the strategy of “Resilience Leads To Sustainable Growth,” creating organizational flexibility to adapt to changes and aiming for leadership and sustainable growth in new opportunities, ensuring long-term stability in business, society, and the environment.

“However, the company expects concerns from the recent earthquake to be short-lived, as understanding of earthquakes is relatively new for Thailand. The damage caused is considered minimal in terms of loss of life and property, as Bangkok's building control laws have included structural reinforcement measures for earthquake resistance since 2007. Buildings can safely move during an earthquake. Therefore, once consumers ease their concerns and receive accurate information about the safety of high-rise buildings against earthquake impacts, we anticipate that consumer confidence in purchasing condominiums will soon return. Additionally, for housing that was not affected by the earthquake, there will likely be an increase in demand,” Mr. Pirapong stated.

The company is committed to ensuring the safety of all residents by providing an "Emergency Customer Assistance Center, Call 1498" to facilitate Origin residents in all projects, ensuring confidence in quality and the best service.

Origin Property Public Company Limited (ORI) has a diverse business structure under 4 business groups:

1. Residential Development Business: Developed 166 projects (as of Q4/2024) including brands like 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 254.967 billion baht. The housing projects are managed under Britania Public Company Limited (BRI), focusing on single-family and twin houses, while high-rise projects are managed under Origin Vertical Corporation Limited (ORIGIN VERTICAL).

2. Recurring Income Business: Such as hotels, serviced apartments, and retail.

3. Service Business: Including services for residents, property management, real estate brokerage, and real estate consulting.

4. Mega Trends: A new business group with long-term growth potential, such as logistics, healthcare, energy, finance, entertainment, etc., aimed at enhancing the quality of life for consumers comprehensively.