Message from the CEO

(Mr.Peerapong Jaroon-ek)
Chief Executive Officer

Throughout 2016, the Company continually determined to develop products and services to bring utmost satisfaction to our customers, who we recognized as “Origin’s Family”. We also focused on organizational development, and conducted the business under good governance in order to achieve sustainable growth.

In regards to the Company’s performance for the year 2016, the Company continued to increase business growth. The Company’s total sales amounted to 10,844 Million Baht, which was a combined growth of 102% from the previous project launches and 9 new projects were launched this year with the total value of 11,340 million Baht, an increase of 54% compared to the previous year. Company’s total revenue was 3,199 million Baht, an increase of 56%. At the end of 2016, the net profit was 638 million Baht, which was an increase of 65%. The Company currently has 34 projects open for sale, 18 projects that development was completed, worth approximately 8,903 million Baht and another 16 projects that are still being developed. The total value of the projects that are still being developed is worth approximately 17,755 million Baht. Sales waiting to be transferred are worth more than 12,885 million Baht.

These achievements came from the Company’s determination to be the real estate developer that develops “Affordable Premium Condominiums”. This means building condominium projects that give the customers more and meet all aspects of the customers’ housing needs at an affordable price. In addition to this, the Company expanded its target markets in order to reach more middle and upper class clientele. This included an expansion of real estate development projects in other locations that have high growth potential, entering into new markets in the heart of the city and establishing real estate development projects closer to rail transport stations and facilities, such as KnightsBridge Prime Sathorn Project that reached optimum success and sold out in one day.

The Company continued its determination to consistently develop its organization by preparing for visible business expansion. Other than real estate development in the area of condominium construction, in 2017, the Company officially launched housing development in the single detached housing category and its first twin house project. The Company continued to develop projects that receive an acknowledgment of recurring income under the operations of Origin One Company Limited. The Company signed a contract agreement with Intercontinental Hotels Group (IHG) in order to plan and develop a hotel project on property across from Kasetsart University Sriracha Campus. This will be the first project in the area of business services which is related to real estate. It will support services for every aspect of modern living. For those customers who are living in a digital age, the Company has developed service innovation in the form of applications called “Origin Digital Butler” and “Origin Family Card” which will later be combined with professional services under the operation of Primo Property Solution Company Limited, a subsidiary of the Company. These business developments enabled the Company to completely meet customers’ needs in all aspects and created sustainable growth for the Company.

I would like to express my gratitude to customers, business allies, employees and shareholders for your wonderful, continuing support. The Company will continue to adhere to corporate governance principles and give back to society in order to sustainably develop the country’s economy and society.