"Origin" has showcased its Q3/2019 performance with a strong backlog of over 40 billion baht. In Q4, the company is set to continue transferring properties and has projects worth over 6 billion baht benefiting from government measures. A strong year-end campaign is expected to push sales beyond the target of 28 billion baht, with over 90% of sales already achieved.

Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that the company's performance in Q3/2019 remains consistently strong. The pre-sales for Q3 amounted to 11,068 million baht, with cumulative pre-sales for the first nine months totaling 24,028 million baht, reflecting growth from the same period last year. The total revenue for the quarter reached 3,628 million baht, resulting in a total revenue of 10,418 million baht for the first nine months of the year. Meanwhile, the net profit for Q3/2019 was 687 million baht, leading to a net profit of 2,145 million baht for the first nine months, with a gross profit margin of 43.1% and a net profit margin of 20.6%.

The company's revenue and profit levels are attributed to the completion of new projects that are being transferred according to plan, and the company continues to maintain excellent profitability.

"As of the end of Q3/2019, we have a revenue recognition backlog of over 40 billion baht. In Q4/2019, several condominium projects are ready for continuous revenue recognition, such as KnightBridge Prime Sathorn, Kensington Sukhumvit-Thepharak, KnightBridge Phaholyothin Interchange, and Kensington Phaholyothin 63. Additionally, several housing projects under the Britania brand, including Britania Wongwaen-Hatyai, Britania Bangna Km. 12, and Britania Mega Town Bangna, as well as newly launched projects like Britania Bangna Km. 42 and Britania Bangna-Suvarnabhumi, have received positive responses and are ready for continuous transfers in Q4 as well," Mr. Pirapong stated.

Furthermore, the overall market is positively influenced by government measures aimed at stimulating purchasing decisions and property transfers throughout the year, such as the reduction of mortgage registration fees and transfer fees for residences priced below 3 million baht, which took effect nationwide on November 6. Additionally, there is a tax deduction of up to 200,000 baht for purchasing residences priced below 5 million baht. Origin has residential projects ready for occupancy that will benefit from these two measures, totaling over 6 billion baht, and the company is confident it can achieve its plans.

Mr. Pirapong further mentioned that in the final quarter of 2019, the company plans to launch a total of 8 new projects, including 3 condominium projects under the brands The Origin and Notting Hill in the Smart City area of the EEC, and 5 housing projects under the Britania brand, continuing to move forward as planned.

At the same time, the company has launched a campaign celebrating its 10th anniversary, "Strong Promotions Surpassing Government Measures," with 12 ready-to-move-in condominium projects along the electric train and EEC, offering special discounts of up to 2 million baht to consumers, along with various other privileges such as free common fees for 5 years, 1% mortgage registration and transfer fees, and special interest rates of 2.50% for the first 3 years for those applying for loans with the Government Housing Bank (GHB), with monthly payments starting at just 3,300 baht per million baht for 40 years. Additionally, there is a campaign in collaboration with Lazada for booking ready-to-move-in condominiums, which is expected to significantly boost total sales and annual revenue to meet targets, with accumulated sales already exceeding 25 billion baht or over 90% of the annual sales target. The new projects under the Park Origin and The Origin brands have received positive responses, with an average take-up rate of over 90%.

Origin Property Public Company Limited has a diverse business structure, including 1. Residential Development Business, developing condominiums and housing projects with a total of 71 projects such as Park Origin, The Origin, KnightsBridge, Notting Hill, Kensington, and Britania, with a total project value exceeding 110 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, with a vision to continuously expand into new business types to become a comprehensive real estate operator.

Thank you for the information from www.origin.co.th