Origin Property Launches The Origin Kathu - Patong Condominium Project
- Written by Telegraph Magazine
The 617-unit development in Phuket, Thailand, is being offered to Hong Kong investors seeking a prime location, the finest facilities and a high return on investment
HONG KONG SAR - Media OutReach - 17 July 2023 - Origin Property Company Limited, a listed Thailand property development company established in 2009, has joined hands with Phuket Villa, the major real estate developer in Phuket to launch its latest project, The Origin Kathu - Patong, this month with a series of sales events hosted by exclusive master agent Knightsbridge Partners for Hong Kong investors.
Ideally located in the city's Kathu District between Patong Beach and the historic Old Town, the low-rise condominium will comprise 617 units across three eight-storey buildings as well as a clubhouse and seven retail shops with completion scheduled for Q3 2025. Prices for the freehold Studio Suite (25 sq.m), Leisure Suites (28 sq.m), 1-Bedroom Living Suites (28 sq.m), 1-Bedroom Plus Master Suite (34 sq.m) and two-bedroom Ocean Suite (47 sq.m), start from HKD 490,000 (THB 2.2 million) with an estimated gross rental yield of up to 8% per annum. State-of-the-art facilities on The Origin Kathu - Patong's 6-2-84 rais of land (or 10,736 sq.m) will include a lobby, co-working space, fitness centre, swimming pool, pool access room, rooftop garden and laundry room. An on-site car park will also offer parking for 42% of units.
The Origin Kathu - Patong's central location allows for easy access to a wide range of activities, schools, services, shopping and entertainment. Besides Patong with its famed crescent beach and nightlife scene 10 minutes to the west and Phuket Old Town with its rich arts, culture and dining offerings 10 minutes the east, it is within a few kilometres of Phuket's largest mall, Central Phuket, and its newest and largest waterpark, Andamanda Phuket. Other developments contributing to the neighbourhood's investment potential include the 650,000 sq.m Grand Majestic Palace luxury shopping, hotel and exhibition centre as well as the Andaman Health and Wellness Center, a 57,000 sq.m R&D facility due to open 2027.
"Conveniently located between the beach and town and offering the best facilities and specifications in the market, The Origin Kathu - Patong is ideal for those seeking the perfect blend of affordability and convenience," says Peerapong Jaroon-ek, the founder and Chief Executive Officer of Origin Property.
Thailand: a land of property and investment opportunity
The launch of The Origin Kathu - Patong follows a record-breaking year for Origin Property and its associated businesses that saw it achieve 117% of its target for presales with a forecasted 18% YOY increase in net profit to 3,775 MB by December 2023. The strong performance reflects the robustness of the Thai property market and its potential for future growth.
As a world-class tourism destination that receives more than 16 million visitors per year, Phuket is poised to benefit from Thailand's position as the second-most popular country for health and wellness tourism. Its relatively affordable cost of living and ongoing improvement projects such as Phuket Smart City also make it attractive to digital nomads, retirees and foreigners seeking a second home, while rising property prices and high rental yields enable investors to maximise their ROI.
"The Origin Kathu-Patong offers resort-style facilities and reasonably priced units suitable for self-use or high rental yield investment. A selection of scarce pool access units makes it more attractive for buyers. We anticipate a high demand for units given the growing trend of Phuket property investment." says Kingston Lai, the founder and Chief Executive Officer of Knightsbridge Partners, which is the exclusive Master Agent representing Origin Property in Hong Kong.
The Origin Kathu - Patong Sales Event
Date: 22 - 23 July 2023 (Saturday - Sunday)
Time: 12pm - 6pm
Venue: 27/F The Park Lane Hong Kong
Address: 310 Gloucester Road, Causeway Bay, Hong Kong
Phuket is one of several regions across Thailand that Origin Property is working to develop. Having successfully launched 25 projects in 2022, including 16 condominiums, it is expanding across the country with a total of 60 projects in 2023, including 22 condominiums. It is also targeting a 62% YOY increase in the value of transfer activities and a 21% YOY increase in total revenue to an all-time high of 19,000 MB.
Hashtag: #OriginProperty
The issuer is solely responsible for the content of this announcement.
About Origin Property
Origin Property PCL operates four core businesses, comprising residential development business, recurring income business, service business and mega trends business.
For Residential Development Business, It has developed 130 housing and condominium projects with total value of over 197,581 million Baht (at the end of the first quarter 2023) under Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton and Britania and various brands to cover all segment.
For Recurring Income Business, Origin Property PCL develops and manages hotels, serviced apartments and retail spaces.
For Service Business, Origin Property PCL offers property management, property agent and consultancy services.
For Mega Trends Business, Origin Property PCL has diversified into various industries, specifically in the healthcare industry, warehouses, alternative energy, financial sector, insurance industry and entertainment. Together, these new businesses will act as linking bridge creating an ecosystem that will fulfill the lifestyle of all ages.
About Knightsbridge Partners
Knightsbridge Partners is the exclusive Master Agent representing global developers (primarily from Thailand, United Kingdom, Vietnam, Malaysia and Cambodia) in the distribution of their real estate inventories to their network of agency partners.
The company is headquartered in Hong Kong and founded by Mr. Kingston Lai. Prior to the founding of Knightsbridge Partners, Kingston was an Executive Director at Morgan Stanley Hong Kong where he oversaw institutional sales & distribution to financial institutions in Southeast Asia. He has been a seasoned investment banker for 12 years, has held similar roles at several other investment banks in London, Singapore, and most recently Hong Kong.
Knightsbridge Partners and its strong team of former investment bankers challenge themselves to reinvent the ways real estate products are being packaged and marketed to investors. This has led to the success of the company in distributing more than USD10 billion notional value of international residential properties over the past 10 years through its network of agencies around the world.
Sales Enquiries
Phoebe Kriel
Tel: +852 6223 9988
Email: phoebe@knightsbridge-partners.com
