Origin Property has announced its Q2 2025 financial results, achieving total revenue from property transfers of over 3.61 billion baht, with a profit of 319 million baht, marking a more than threefold increase QoQ. The accumulated sales of houses and condominiums in the first six months reached 14.049 billion baht, accounting for 47% of the annual target, while showcasing a backlog of over 43.336 billion baht, ensuring continuous revenue for the next five years. The company is accelerating the launch of new projects alongside ready-to-move-in projects in Q3/2025, with an additional four condominium projects set for transfer, contributing over 4 billion baht to the backlog.

Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that in Q2 2025, the company generated revenue from property transfers across all residential segments (including joint ventures) totaling over 3.61 billion baht, with 2.19 billion baht from non-JV projects and 1.42 billion baht from JV projects, resulting in a net profit of 319 million baht, more than tripling compared to the previous quarter (QoQ).

The company recorded presales of over 14.049 billion baht in the first half of the year, representing 47% of the annual target, with approximately 81% of sales from condominium projects under the ORIGIN VERTICAL brand, amounting to 11.434 billion baht, and 19% from housing projects under the BRITANIA brand, totaling 2.615 billion baht. These sales came from ready-to-move-in projects, accounting for about 57%, while new launches and ongoing construction projects made up approximately 43%.

In Q2 2025, the company launched two new projects:

  • GRAND BRITANIA, Bangkapi-Suvarnabhumi,
  • BRITANIA, Bangsaen

The company is also expanding its target customer base:
1. Foreign markets with purchasing power seeking second homes in Thailand.
2. Big lots for corporate clients/investors.
3. Investors interested in condominiums for investment purposes.
4. Customers looking for pet-friendly condominiums.

In Q2 2025, the company transferred a big lot of the Origin Plug & Play E22 Station project to Delta Electronics (Thailand) Public Company Limited (DELTA), comprising over 278 units, reflecting the trust from a major company like DELTA and highlighting the opportunity in the residential market near transit lines and job centers, catering to the B2B market. Additionally, the company successfully closed a deal to sell retail space in the 10th Avenue zone for over 500 million baht in the "Origin Thonglor World" project to Mr. Andre Koo, a Taiwanese billionaire and owner of Chailease Group, a major leasing business in Asia, expanding into real estate in Thailand. This big lot sale strengthens the Origin Thonglor World project, a freehold mixed-use property valued at over 14 billion baht, aimed at transforming the 10th Avenue retail zone into a global dining hub in the heart of Thonglor.


Origin Transfers Big Lot to DELTA

As of the end of Q2/2025, the company has a total backlog of over 43.336 billion baht, which will gradually generate revenue over the next five years. Four new condominium projects are set to complete and begin transferring ownership in Q3/2025, including The Origin Place Bangna, The Origin Bangkae, The Origin Phahol 57, and The Hampton Suite Rayong, with a backlog of over 4 billion baht for these four projects.

Hotel Business currently operates nine hotels, with three more set to open in 2025. Two of these are re-openings of hotels acquired in 2023, located in key tourist destinations like Phuket and Chiang Mai, while one is in Bangkok. The company has continuously improved the performance of its hotel business, making it an opportune time to assess asset values and implement strategies to sell hotels at prices aligned with their potential.

Recently, the company closed a deal to sell its 51% stake in the InterContinental Bangkok Sukhumvit hotel to Ci:z Technologies, a company involved in nursing home services and software development for the nursing and welfare industry, as well as real estate and consulting services under Ci:z Holdings Co., Ltd., a major player in Japan. This transaction has provided the company with over 800 million baht in net cash flow and will allow for profit recognition in Q3/2025. The company focuses on continuously developing and enhancing the operational capabilities of its hotel business to support long-term asset management strategies in line with its joint venture business plan.

Warehouse Business currently has nine 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 410,744 square meters. As of Q2/2025, over 311,850 square meters are operational, with a 95% occupancy rate, aiming to expand to 1 million square meters as per the business plan.


10th Avenue


InterContinental Bangkok Sukhumvit Hotel

For Origin Property Public Company Limited (ORI), the business structure is diverse, consisting of four main business groups:
1. Residential Development Business: has developed 170 projects (as of the end of Q2/2025), 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 billion baht. The housing projects are managed under Britania Public Company Limited (BRI), focusing on single-family homes and twin houses, while high-rise projects or condominiums are managed under Origin Vertical Corporation Limited (ORIGIN VERTICAL).

2. Recurring Income Business: includes hotels, serviced apartments, and retail.
3. Service Business: includes services for residents, property management, real estate brokerage, and consulting services.
4. Mega Trends Business: a new business group with long-term growth potential, including logistics, healthcare, energy, finance, and entertainment, aimed at enhancing the quality of life for consumers comprehensively.