Message from the CEO

The Company has a strong foundation as an organization that leads to strong growth and sustainability based on "Origin Multiverse" which is "Multiverse Growth" that creates an ecosystem which comprehensively improves quality of life for consumers. Origin joined forces to form the Multiverse of Happiness.
(Mr.Peerapong Jaroon-ek)
Chief Executive Officer

After a two-year global outbreak of COVID-19, the situation nearly returned to normal in 2022. The country began to reopen, people were able to travel for pleasure and business, both domestically and internationally. As a result, numerous business operations were able to resume operations. This has greatly benefited both macroeconomics and microeconomics. The purchasing power of consumers has progressively increased and the real estate market is evidently on the verge of recovery as condominium sales have returned to a level comparable to that of the period before COVID and the housing market continues to have demand. Origin consistently launched condominium development projects during the COVID pandemic because we foresaw possibilities as competitors delayed project launches and the market's supply decreased substantially. As a result of the Company's strong financial position, low levels of inventory, and continued support from strong investment partners, Origin is equipped to continue launching new projects in 2023, as condominiums are projected to resume their growth. In addition, the Company’s housing estate development, under Britania Public Company Limited, which became a listed company in 2022, has increased investment potential and the capacity to generate high growth.

Due to a vision and viewing opportunities through a different lens, as well as being able to adapt rapidly in any circumstance, the Company has a strong foundation as an organization that leads to strong growth and sustainability based on "Origin Multiverse" which is "Multiverse Growth" that creates an ecosystem which comprehensively improves quality of life for consumers. Origin joined forces to form the Multiverse of Happiness, an ecosystem that provides for the needs of people of all ages, generations, and life rhythms. Therefore, customers have responded positively to Origin's projects even more. In 2022, the overall presales of the Company's residential projects were approximately 41,032 million Baht, a 36% increase from 2021 and a new high for the Company. Housing sales resulted in 27% while condominium sales contributed 73%. When considering project status, the sales proportion for ready-to-move projects was 53%, while the sales proportion for ongoing projects that were recently released for sale or are currently under construction was 47%. In 2022, the Company launched 22new projects with a total value of 41,000 million Baht. The Company’s total revenue was 15,741 million Baht and its net profit was 3,775 million Baht, an increase of 18% and a new high for the Company.

Another accomplishment this year was the listing of Primo Service Solutions Public Company Limited (PRI) on the MAI stock exchange with the initial public offering (on November 30, 2022). This emphasized the Company as a comprehensive real estate service provider with upstream, midstream, and downstream services for customers in real estate projects and retail customers, formulating strategies to provide new services to meet all the needs of living services and focusing on expanding investments in current businesses and technology development in order to increase service efficiency with various services in 3 main business groups:

  1. Pre-Living Services: Engineering design and consultant business such as consulting, construction supervision, architectural design services, structural engineering, building systems, etc.
  2. Living Services: Real Estate Management Business such as condominium juristic person management services, housing estates, office buildings, real estate brokerage services, real estate management services for long-term rentals, etc.; and
  3. Living & Earning Services: Real Estate After Sales Service Business such as home interior design and decoration services, condominiums and common areas of real estate projects, residential cleaning services, common areas of house estate projects, office buildings and factories, mechanic services, moving services, etc.

The 2023 business plan, under the concept of "Origin Infinity”, will create endless growth and consumer care as well as develop the Origin Group property to become a Well-Being Lifetime Company or an organization that has a comprehensive business which covers consumer care throughout the lifecycle with 3 main drives:

  1. Nationwide Serve: Expand products and services across the country and distribute affiliated businesses to reach other provinces for better living in various areas across the country.
  2. Multiverse Expansion: Expand the new business universe to have continuous growth that aims to create a better lifetime and build on the 2022 Origin Multiverse plan by expanding businesses beyond housing to have new routes and continuous growth that covers customer care of all ages in every stage of their lives
  3. Social Attention: Attentive to society and the environment in multiple dimensions in order to create a better society. This includes the development of personnel’s talent and collaborating with educational institutions to create Origin Valley as skills development resource for the next generation to have knowledge and skills that meet the needs of the organization and the labor market as well as exchanging knowledge to develop personnel in affiliated companies.

More than 3,000 Origin Property employees are prepared to contribute to solid community development by carrying out the Origin Give project to provide opportunities and distribute great value to the community, such as scholarships, medical equipment, school development, and sustainable development, as well as moving forward to Net-Zero Emission 2044 to reduce greenhouse gas emissions in all dimensions.

Finally, Origin congratulates everyone who has triumphed over these difficult circumstances. We wish to encourage you as you embark on a new chapter in your life. We would like to express our gratitude to customers, alliances, partners, committees, executives, and each and every employee who has contributed to the Company's success. The Company commits to adhering to the principles of good governance for the benefit of all stakeholders and society as a whole.