Origin Property showcases transfer amounts of Q1/2025 exceeding 3.561 billion Baht, with home and condo sales at 8.027 billion Baht. The company reports a backlog of 45.389 billion Baht, with continuous revenue recognition over the next 5 years. In Q2/2025, 3 new projects are set for transfer, with a backlog of over 4 billion Baht. In the second half of the year, 7 additional projects are expected to transfer ownership, accumulating a backlog of over 6.6 billion Baht. The warehouse business remains strong with a high rental rate of 97.6%, and operations are expanding in Rangsit and Laem Chabang.

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that in Q1/2025, the company generated revenue from the transfer of ownership across all residential project categories (including joint ventures) totaling over 3.561 billion Baht, a 22% increase from the same period last year. This includes joint venture projects worth 2.568 billion Baht. The total sales (presales) amounted to 8.027 billion Baht, with condominium sales under the ORIGIN VERTICAL brand at 6.860 billion Baht, accounting for 85%, and sales from single-family homes under the BRITANIA brand at 1.167 billion Baht, accounting for 15%.

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI)

Of the total sales of 8.027 billion Baht, approximately 5.045 billion Baht came from projects developed by the company (Non-JV), while around 2.982 billion Baht came from joint venture projects with partners. Revenue was generated from completed projects ready for occupancy, including condominiums, single-family homes, and duplexes, totaling approximately 4.395 billion Baht, and from new projects currently on sale and ongoing projects totaling about 3.633 billion Baht.

In Q1/2025, the company launched 2 new projects, including a condominium under the ORIGIN VERTICAL brand, So Origin Sukhumvit 105, located just 200 meters from the Bearing BTS station. The project is designed under the concept of “Modern Classic Timeless Design,” reflecting the unique identity of the SO ORIGIN brand, combining superior design and functionality to meet the urban lifestyle needs, providing residents with a premium living experience in a quality location. Additionally, a single-family home project under the BRITANIA brand, Britania Pracha Uthit 90, features two-story homes developed with the concept of Endless Happiness Living with Nature, redefining life amidst nature, with house designs that are well-proportioned and meticulously crafted to support modern living.

Currently, in the warehouse business, 7 locations have been opened in key strategic areas, including Rangsit, Bangna Km. 22, Bangna Km. 19, Laem Chabang, Phan Thong, and Rayong, covering over 286,956 square meters, with a high rental rate of 97.6%. In Q1/2025, 2 additional facilities were opened:

  • ALPHA Rungsit located on over 54 rai on Phaholyothin Road Km. 33, a strategically important transportation area, offering over 14,595 square meters of space.
  • ALPHA Laem Chabang 2 to meet the demand for general goods storage from nearby industrial factories and import-export businesses, especially for products requiring special care, such as EV parts and automobiles, electronics, machinery, and spare parts. This project is located near major logistics centers, including airports and ports, and is designed as a Green Warehouse using skylight roofs and EV forklifts, offering over 13,380 square meters of space.

As of the end of Q1/2025, the company has a total backlog of 45.389 billion Baht, with revenue recognition expected over the next 5 years. The company has 3 new condominium projects set to complete in Q2/2025, with a total project value of 5.7 billion Baht, and a backlog of over 4 billion Baht. In the second half of 2025, there are 7 additional condominium projects expected to transfer ownership, with a backlog of over 6.6 billion Baht.

For new project launches in 2025, the company plans to introduce 11 projects in both Bangkok and provincial areas, with a total value of 20 billion Baht, including 5 condominium projects from ORIGIN VERTICAL valued at 12.5 billion Baht and 6 single-family home projects from BRITANIA valued at 7.5 billion Baht.

Origin Property Public Company Limited (ORI) has a diverse business structure under 4 business groups:

1. Residential Development Business: Developed 168 projects (as of the end of Q1/2025), 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 single-family home projects are operated under Britania Public Company Limited (BRI), focusing on single-family and duplex homes, while high-rise condominium projects are managed by 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 real estate consulting.

4. Mega Trends: A new business group with long-term growth potential, including logistics, healthcare, energy, finance, entertainment, etc., aimed at enhancing the quality of life for consumers comprehensively.