“Origin” is thrilled with the successful sales of flagship projects in both locations: “Park Origin Phayathai” has achieved over 80% sales, while “Park Origin Thonglor” has garnered 74% sales immediately after the pre-sale on November 24, reaffirming the demand for quality housing and confidence in achieving this year's performance targets.

          Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), the developer of condominiums under the brands Park Origin (PARK ORIGIN), Knightsbridge, Notting Hill, Kensington, and the Britania brand of horizontal projects, revealed that after announcing the launch of two flagship condominium projects under the new brand “Park Origin” in two potential locations: 1. Park Origin Phayathai (PARK ORIGIN Phayathai) with a project value of 4.6 billion baht and 2. Park Origin Thonglor (PARK ORIGIN Thonglor) with a project value of 12 billion baht, the company received an excellent response. Park Origin Phayathai officially opened for pre-sale on September 30, and currently has achieved over 80% sales, while Park Origin Thonglor just opened its Exclusive Presale on November 24, achieving 74% sales.

          “The Park Origin brand is a new brand that the entire Origin team is dedicated to creating, aiming to establish a residential brand that perfectly meets consumer needs under the concept of A Perfect Living Platform. The sales achieved reflect the market's continued emphasis on purchasing quality housing that truly meets lifestyle needs,” Mr. Pirapong stated.

          Both Park Origin projects will be developed as mixed-use projects, featuring additional amenities alongside the condominiums, such as hotels, community malls, and rental offices. The sales from both projects also reflect the demand for comprehensive housing solutions in mixed-use formats. In 2019, the company plans to continue developing mixed-use projects alongside the Park Origin condominiums to meet consumer demand.

          Mr. Pirapong further stated that the performance in 2018 is expected to grow as targeted. The company has set an annual sales target of 24 billion baht, and in the first three quarters, it has already achieved 22.4 billion baht. Including the recent sales from the Park Origin Thonglor project, total sales are expected to exceed 25 billion baht. Additionally, the revenue continues to grow with new completed projects gradually recognizing income, such as 1. Notting Hill Sukhumvit 105 and 2. Notting Hill Jatujak-Interchange, as well as the successful transfer of the large project Park 24 (PARK24), which has reduced the company's debt-to-equity ratio (IBD/E) to 1.49 times in the last quarter and is expected to decrease to 1.35 times by the end of the fourth quarter.

          For Origin Property Public Company Limited, the business structure is diverse, comprising 1. Project Development Business, having developed approximately 54 condominium projects with a total project value of over 82 billion baht; 2. Recurring Income Business, such as hotels, serviced apartments, and retail; 3. Service Business, including property management, real estate brokerage, and consulting services. The company also has a vision to continuously expand into new business types to become a comprehensive real estate operator.

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