Reinforcing its position as a market leader in the condominium sector, Origin Property is set to transfer a big lot of new condominium units from the Origin Plug & Play E22 Station project to DELTA, totaling 278 units, allowing for immediate revenue recognition in the second quarter of 2025! This decision is supported by four key factors: proximity to BTS, closeness to factories, beautiful views, and high ceiling room designs that meet residential needs.

Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that the company has sold a big lot of 278 units in the Origin Plug & Play E22 Station project to Delta Electronics (Thailand) Public Company Limited (DELTA), a leader in energy and thermal management solutions and a major electronics manufacturing company in the country, during mid-2024. The project has now been completed and is ready for unit transfers to customers, including the big lot transfer to the DELTA group, enabling the company to recognize revenue immediately in Q2/2025.

Despite the overall real estate market currently slowing down due to economic conditions, which has reduced consumer purchasing power, the demand for housing remains consistent, particularly for condominium projects located near BTS stations and industrial estates, which are still sought after by organizations or B2B clients looking to purchase units for employee accommodation for both Thai and foreign staff.

The four main reasons supporting the purchasing decision that led to this significant deal are: (1) Location meets needs: The project is located right next to the BTS Green Line, at the Wire Station, just 0 meters away*, allowing direct access to Siam; (2) Employee welfare support: Providing residential accommodations for DELTA's expatriate staff who are stationed for short to medium-term work in Thailand, as the project is close to the expanding factory in the Bang Pu Industrial Estate; (3) Stunning river views: Offering a new perspective on living, the project is situated in a location with views of the Chao Phraya River and the beautiful Bang Pu sea in Samut Prakan; (4) More usable space: Featuring high ceilings of 4.2 meters and innovative designs that truly cater to modern living lifestyles.

“This deal marks another success for Origin, reflecting the trust from a giant company like DELTA and highlighting our opportunities in the residential market near BTS stations close to employment centers, effectively catering to the B2B market. This big lot transfer allows the company to quickly receive ownership transfers and recognize revenue immediately,” said Mr. Pirapong.

DELTA has been a long-standing business partner of Origin, sharing a vision for sustainability. They are experts in innovative green energy solutions for a sustainable future and various smart innovations. The company has implemented DELTA's innovations, such as EV Chargers, ERV Wall Types, UV Sanitizers, AI LPR, CCTV, and Exhaust Fans, in Origin's projects and is committed to promoting energy-saving innovations to drive smart and environmentally friendly solutions, aligning with one of the seven KEYS TO SUCCESS in the 2025 business plan that emphasizes sustainable growth, namely “ESG & GREEN REVOLUTION.” Origin has been focusing on this since the beginning and will continue in all dimensions, being responsible for the economy, society, and the environment, aiming to become a net-zero carbon dioxide emitter within the next ten years while maintaining a 5-star CG Rating for corporate governance.

The Origin Plug & Play E22 Station is a mid-high-end condominium project that is completed and ready for occupancy, allowing pets. It is located just 0 meters* from the BTS Green Line at the Wire Station, covering over 3 rai with one building, 25 stories high, comprising 1,044 units and one retail unit. The units feature high ceilings of 4.2 meters, with usable areas ranging from 22 to 34.5 square meters (sq.m.), starting at 1.89 million baht*. The project is equipped with comprehensive amenities, including a lobby, co-working space, lounge, three gardens, swimming pool, sky bar, recreation room, fitness center, and pet-friendly common areas, along with a dedicated parking building and 24-hour security with CCTV throughout the project, controlled access via key card. The surrounding area offers a wealth of lifestyle amenities, close to major employment hubs like the Bang Pu Industrial Estate, as well as beach resorts, shopping centers, healthcare facilities, and educational institutions.

Additionally, Origin has several condominium projects that cater to B2B clients in the BTS Green Line area of Samut Prakan, close to manufacturing and logistics sectors, as well as in the Eastern Economic Corridor (EEC) near industrial estates, addressing the diverse needs of various business and industrial groups, whether for personal residence or long-term investment. For more information and special promotions regarding the Origin Plug & Play E22 Station project, please contact 1498 or visit www.origin.co.th.

 

 

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

1.Residential Development Business: Developing condominiums and housing projects, with 168 projects completed (as of Q1/2025), 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 million baht. The housing project group operates under Britania Public Company Limited (BRI), focusing on single-family homes and duplexes, while the high-rise condominium projects are managed by Origin Vertical Corporation (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 consulting services.

 

And 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.