Origin Property Continues to Achieve High Sales in Phuket with Over 1 Billion Baht, Following Foreign Purchases of Two New Condominiums, ‘So Origin Kata Phuket’ and ‘Origin Place Center Phuket’ Before Official Sales Launch. Origin Property Public Company Limited (ORI), a leading real estate developer, has reported continued strong activity in Phuket’s property market. The company recently achieved over 1 billion baht in sales from international buyers for two new condominium projects that were sold out before their official launch: 1. So Origin Kata Phuket and 2. Origin Place Center Phuket. This success is attributed to the launch of the Origin Agent Club, which collaborates with agents of various nationalities to support markets in Russia, Taiwan, Hong Kong, and Singapore, thereby increasing access to new projects. Both projects are set to officially launch sales in September, with plans to introduce three more new projects soon after.
Mr. Peeraphong Jaroonaek, CEO of Origin Property Public Company Limited, stated that Phuket’s real estate market continues to thrive. The company has already secured significant sales from international markets for two new condominium projects even before their official launch. These include: 1. So Origin Kata Phuket and 2. Origin Place Center Phuket, with a combined value exceeding 1 billion baht for units which allocated for foreign buyers.
Previously, Origin launched three condominium projects in Phuket, totaling 5.15 billion baht in value. These include: 1. The Origin Centre Phuket, located in Phuket Town, which sold out within 6 weeks; 2. The Origin Kathu-Patong, a new project in the Kathu area; and 3. SO Origin Bangtao Beach, which officially launched earlier this year. Sales accumulated from these three projects reached over 4 billion baht by June 2024, representing more than 80% of the total project value.
Mr. Thanakorn Wuttipong, Director of International Business at Origin Vertical Corporation Ltd., reported that the launch of the Origin Agent Club earlier this year has been highly successful. It has led to an increase in partnerships with both Thai and international real estate agents, allowing all of Origin’s projects to reach more foreign markets. This is particularly significant for markets in Russia, Taiwan, Hong Kong, and Singapore, which are major markets for Phuket. All our projects are located in top destinations in Phuket, such as the Kata area and Phuket Town. Moreover, our projects feature meticulously designed common areas that are ideal for relaxation and everyday living, which has greatly enhanced our sales performance even prior to the official launch. The Origin Place Center Phuket will officially open its showrooms for viewing starting September 7. Meanwhile, So Origin Kata Phuket will have its official foreign sales launch from September 28-29.
Mr. Thanakorn also mentioned that the company will continue to target the Phuket market due to its high potential, diverse customer base including Thai buyers looking for vacation homes, long-term investors, and high-purchasing-power foreigners. The company is preparing to launch three more new condominium and pool villa projects soon.
So Origin Kata Phuket is a low-rise condominium project consisting of 8 floors across 4 buildings with 686 units, located on over 6 rai of land, just 500 meters from Kata Beach. The project is valued at approximately 1.65 billion baht and is situated in Phuket’s Surfer Destination, catering to water sports enthusiasts with its proximity to Kata Beach, which is a 5-minute walk away. The project is designed with a Resort Lifestyle theme, featuring extensive common areas totaling over 2,700 square meters, including a Pool Lounge, Party Room, Play Room, Cabana Yard, and a Rooftop area with sunrise views. The project offers studio units, 1-bedroom, and 2-bedroom units ranging from 26-65 square meters, with prices starting at 3.59 million baht
Origin Place Center Phuket is a low-rise condominium project consisting of 8 floors across 3 buildings with 587 units and 2 retail shops, situated on over 4 rai of land with a project value of 1.45 billion baht. Located in the heart of Phuket, just 2 minutes from Central Phuket Floresta, it is highly popular among both Thai and international customers and investors seeking convenience in the city center. Key features of the project include a large common area of over 1 rai, with a Clubhouse that includes a Fitness center, Sauna, Steam room, and a swimming pool of more than 30 meters. There is also parking available for over 45% of the units. A major highlight is the wide room layout, starting at 5 meters in width, with options including 1-bedroom units of 26-30 square meters and 2-bedroom units of 48 square meters, starting at 1.89 million baht.
Origin Property Public Company Limited (ORI) has a diverse business structure, including:
1.Residential Development Business: Developing condominiums and housing projects. As of the end of Q2 2024, the company has completed 163 projects, such as the Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton, and Britania brands, with a total project value of over 253.198 billion baht.
2.Recurring Income Business: Including hotels, serviced apartments, and retail businesses.
3.Service Business: Offering services such as homeowner services, property management, real estate brokerage, and real estate consulting.
4.Mega Trends Business: Emerging sectors with long-term growth potential, including logistics, healthcare, energy, finance, entertainment, and more, aimed at enhancing the overall quality of life for consumers.
