Origin has recorded transfer sales of over 10.5 billion baht and a profit of over 1.3 billion baht in the first nine months of the year. Meanwhile, the board of Origin Property, or ORI, has appointed Piti Jarukamjorn as Co-CEO and Chief Design Officer, while also overseeing the CEO role at its subsidiary, Origin Vertical. In the fourth quarter of 2023, the company is set to transfer ownership of three new projects worth 7.43 billion baht, with an average backlog of over 80%.

Mr. Pirapong Jarunake, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that in the first nine months of 2023, the company generated revenue of 9.638 billion baht and a net profit of 1.317 billion baht. The board has approved a proposal to the annual general meeting of shareholders to pay dividends from retained earnings and the company's performance for the period from January 1 to September 30, 2023, at a rate of 0.021 baht per share, totaling no more than 51.54 million baht. The XD sign will be posted on November 28, 2023, with the record date set for November 29, 2023, and dividends to be paid to shareholders by December 13, 2023.

Additionally, the meeting has resolved to appoint Mr. Piti Jarukamjorn as Co-CEO, Chief Design Officer of Origin Property Public Company Limited, and CEO of Origin Vertical Corporation Limited to help oversee the growth and drive the company's condominium business forward.

Mr. Piti Jarukamjorn holds a bachelor's degree in engineering from Khon Kaen University and a master's degree in construction engineering and management from North Carolina State University. He has over 20 years of extensive experience in the real estate business, specializing in engineering and project management, particularly in condominium projects. He joined Origin Property Public Company Limited in 2021 and has played a crucial role in driving the company's business towards its goals.

Mr. Pirapong further stated that in the fourth quarter of 2023, the company will have three completed projects ready for gradual ownership transfer, with a total project value of 7.43 billion baht, including:

1. Origin Plug & Play Sirindhorn Station - the company's first condominium targeting Gen Y-Gen Z in Thonburi, near the MRT Sirindhorn.

2. So Origin Phahol 69 Station - a condominium located just 50 meters from the green line BTS and near Don Mueang Airport.

3. Knightsbridge Space Sukhumvit-Rama 4 - a condominium close to BTS Phra Khanong, with an average sales backlog of over 80% of the total project value.

“We see a trend of recovering purchasing power from sales at the recent housing and condominium fair held in late October to early November. Customers are regaining confidence in spending compared to the first half of the year, resulting in record sales of 1.088 billion baht. We also anticipate that some government measures, such as the reduction of transfer fees and mortgage fees, which are set to expire at the end of this year, will accelerate customers' decisions to transfer ownership more quickly, positively impacting the overall market in the final quarter,” Mr. Pirapong stated.

Origin Property Public Company Limited (ORI) has a diverse business structure, including:
1. Residential Development Business - developing condominiums and housing projects with a total of 163 projects (as of Q3 2023), such as 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 of over 253.516 billion baht.

2. Recurring Income Business - including hotels, serviced apartments, and retail.

3. Service Business - including services for residents, property management, real estate brokerage, and real estate consulting.

4. Long-term Mega Trends Business - new business groups with long-term growth potential, such as logistics, healthcare, energy, finance, entertainment, etc., aimed at enhancing the quality of life for consumers comprehensively.