“Origin Property” started the housing market in Q1/22, sweeping house-condo sales near 8,000 million baht, sweeping average sales of 50% of the units sold, led by “Brix Ton Campus Bangsaen “Condo for student groups in the EEC. The trend is so good that it’s sold out. Confident in opening 8 new projects continuously in Q2/22, worth more than 13 billion baht, piloted by the first phase of the mega-landmark project of the year.” Origin Thonglor World” coupled with its penetration into the investment property market. TRIS Rating upgrades the company’s status to BBB+ with stable outlook following continuous good performance.
Peerapong Jaroon-ek, Chief Executive Officer, Origin Property Public Company Limited (ORI) said In 1Q12 (Jan.-Mar.22), the Company generated total sales of approximately 8,000 million baht, still growing compared to the 4th quarter and the same period of the previous year. It is divided into approximately 70% of sales from condominium projects and approximately 30% of sales from housing projects. Divided into sales from the project group that is regarding 50% and the sales from the project group that has just been launched for sale. and regarding 50% of the total construction is underway In the first quarter of this year, the Company launched a total of 7 new projects with a total project value of more than 10 billion baht, resulting in a significant increase in the proportion of sales from new projects. Still making a cumulative average sales of regarding 50% of the units sold.
“Today we see good signs of recovery in the housing market. This, coupled with a good understanding of Customer Insight, has resulted in us receiving a great response from Gen Y to Gen Z customers, as can be seen from the overall sales. Especially the Brixton Campus Bangsaen condominium project near Burapha University. Penetrating the student market that can be Sold Out within a short period of time as well as the So Origin Agriculture Interchange project which has a function to meet people who work from home and near Kasetsart University until it received a good response Made more than 70% of sales since the first month,” said Mr. Peerapong.
Mr Peerapong added that As for the situation in 2Q22, the company still sees positive factors in the country from the return of normal consumer economic activities. Many people have been vaccinated with at least 3 injections, resulting in greater confidence in spending. Therefore, the company will continue to launch 8 additional residential projects with a total project value of more than 13 billion baht during the quarter. It is divided into 7 condominium projects with a total project value of over 11,500 million baht and 1 housing project Britania Amata-Panthong worth over 1,900 million baht.
The new projects that are considered highlights of the 2Q22 are the Origin Prestige Thonglor condominium project and the Origin Courtyard Thonglor project (which are the two projects in the first phase of the mega-project). Landmark 15,000 million baht Origin Thonglor World, another group that is considered the highlight of the quarter. It is a group of investment real estate projects such as Hampton Executive Sriracha, responding to the trend of serviced apartment investments that have been very successful from many previous projects. Origin Plug and Play and Brixton continue to penetrate the Gen Y & Gen Z market and start-ups.
