Origin Property, or ORI, <\/span><\/strong><\/span>has planned a 3-year strategy to launch new residential projects in Phuket across all price ranges, seizing the opportunity of Phuket's tourism recovery and continuous growth. They aim to deploy a synergy model in collaboration with various businesses in their group, including hotels and real estate services, catering to both Thai and foreign buyers for personal use and investment. In 2023, Origin Nationwide is set to launch 3 condo projects with a total value exceeding 5 billion baht, building on the success of "The Origin Centre Phuket," which sold out in just 6 weeks. The new project, <\/span><\/strong>"The Origin Kathu-Patong"<\/span> <\/span><\/strong> is a hotel-style condo near Patong Beach, featuring over 3,000 square meters of common area. Sales will start on September 16-17, with prices beginning at 1.49 million baht, promoting the Origin Resort Investment model that meets the needs of investors with continuous returns over 10 years.<\/span><\/strong><\/span>

<\/p>

Mr. Krit Techasammas, Managing Director of Origin Nationwide Co., Ltd.<\/strong><\/span>—the developer of condominiums in major cities across the country under Origin Property Public Company Limited (ORI)—revealed that the company has announced its growth plan, Origin Infinity, aimed at expanding its business empire across all sectors in key cities nationwide. Recently, the group has laid out a 3-year plan (2023-2025) to launch new residential projects, including housing estates, villas, and condos in Phuket at all price levels to support the recovery and growth of the world-class tourist city.<\/span><\/strong>

"Origin Property has been continuously surveying and gradually acquiring land in various locations in Phuket since 2022, covering land for developing condominiums, hotels, villas, and mixed-use projects. We recognize that although Phuket was one of the first provinces affected by COVID-19, it will also be one of the first to recover and grow. Recently, the trend of property transfers for houses and condos in Phuket has been steadily increasing. According to data from the Housing Finance Information Center, Bank of Ayudhya, in Q1 2023, the transfer volume increased by over 40% compared to the same period last year. Additionally, the number of tourists and flights into Phuket has exceeded our early-year estimates by about 10-15%. Russian buyers, who purchased properties in Phuket worth around 900 million baht last year, are also likely to move in and stay longer due to the Russia-Ukraine war situation. All these factors contribute to a positive growth trend in the Phuket housing market," Mr. Krit stated.<\/span><\/p>

 

The group has assigned Origin Nationwide as the leading company in the group to penetrate the Phuket market this year with 3 projects worth a total of over 5 billion baht. Origin Nationwide plans to diversify its offerings across all price levels and segments to cater to both Thai and foreign markets, such as Russian buyers, focusing on designing projects that meet the needs of both personal residence and long-term investment. At the same time, some projects will create synergy with other companies in the group, such as ONEO Public Company Limited and PRI Public Company Limited, as well as Origin Healthcare Co., Ltd., integrating condominiums, hotels, real estate services, and healthcare services to enhance the living experience in one location.<\/span><\/p>

Mr. Krit <\/strong><\/span>also mentioned that in 2023, the company has already launched a new project in Phuket, namely The Origin Centre Phuket, which sold out within just 6 weeks, reflecting the brand's distinctive design of rooms and common areas that cater to Phuket residents. The company is preparing to launch another project under the brand The Origin Kathu-Patong, a joint venture with Phuket Villa Corporation Limited, a major real estate developer in Phuket with 28 years of experience, with pre-sale scheduled for September 16-17, starting at 1.49 million baht.<\/span><\/p>

<\/p>

The Origin Kathu-Patong<\/strong> <\/span>is an 8-story condominium project consisting of 3 buildings with a total of 617 residential units and 7 commercial units, situated on a 6-rai plot in a prime location at the intersection of the city of Lung on Phra Phuket Kaew Road, just 10 minutes from Patong Beach and Old Town, surrounded by many important places such as Kathu Municipality School 2, Songkhla University, government centers, and various activity venues like Red Mountain Golf Club and Andamanda Water Park, making it ideal for relaxation and tourism, catering to both residents and investors looking to start investing in a rapidly growing economic city.<\/span><\/p>

<\/p>

<\/p>

<\/p>

There are 5 types of room layouts:<\/strong><\/span> including a Studio room of 25 sq.m., a Living Suite of 28 sq.m. designed for living with a large balcony, a Leisure Suite of 28 sq.m. with a smaller balcony to maximize room space, resembling a hotel stay, a Master Suite of 34 sq.m., and an Ocean Suite of 47 sq.m. Notably, the Master Suite and Ocean Suite are large pool access rooms that allow direct access to the swimming pool from the room. Additionally, the project features a Retail Shop that gathers leading brands, catering to dining, drinking, and shopping all in one place, aiming to create a new community for residents under the concept of A Luxury Leisure Mixed-Use, complemented by over 3,000 square meters of common areas. For more details, call 1498.<\/span><\/p>

<\/p>

<\/p>

<\/p>

Moreover, the company has created a first-of-its-kind phenomenon in the Phuket condominium market by launching an investment program under the name Origin Resort Investment, starting with The Origin Kathu-Patong, where 1 in 3 units of the project will participate in the program to cater to those interested in investing in rental properties in Phuket, providing investors with the convenience of not having to manage the property themselves. A professional team from Passion Realtor will manage the assets in the form of Serviced Apartments, helping to find tenants or guests and ensuring continuous returns for 10 years, with a guaranteed high return of 7% for 2 years.<\/span><\/p>