• MQDC is entering the elderly care business by launching 'Aspen Corporation Limited', focusing on providing comprehensive and perfect elderly care services, including excellent design and services.
  • Through collaboration with global experts in elderly care, such as in dementia prevention, Aspen Corporation will offer a complete range of services, highlighting 'Lifetime Care' and 'Designing residences for the elderly that allow residents to live in their own homes longer and meet all their needs' (Aging in Place).
  • Aspen Corporation Limited is managed by Mr. Hee Joon Park, a South Korean executive with extensive experience in designing and developing international real estate projects using innovative approaches.

      Bangkok, September 26, 2017 – Magnolia Quality Development Corporation (MQDC), an international real estate developer, has launched 'Aspen Corporation Limited', a specialist in elderly care, with plans to introduce comprehensive residential projects and services developed by global experts to create the perfect living environment for the elderly with international standards.

      Aspen Corporation aims to set a new standard for elderly care in Thailand, such as 'Lifetime Care' and 'Designing residences for the elderly that allow residents to live in their own homes longer and meet all their needs'. Residents can enjoy a good quality of life with care from specialists in various fields, including dementia prevention.

      Mr. Wisit Malaisirirat, CEO of Magnolia Quality Development Corporation (MQDC) stated that the comprehensive elderly care services of Aspen Corporation Limited will address the needs of the aging society in Thailand, which is currently insufficient.


     “The real estate market for the elderly in Thailand has limited options for seniors and retirees, with project developments primarily in resort types that do not offer comprehensive services or nursing homes that lack lifestyle amenities,” Mr. Wisit said.

     “Our research shows that people place great importance on 'aging in place', as most prefer to live in familiar environments rather than relocate when they require more care. The design and services provided by experts will enable residents to live comfortably and safely in their own homes for as long as possible,” he added.

     The launch of MQDC's comprehensive elderly care business aligns with the company's 'Sustainnovation' strategy, which integrates knowledge from psychology and various research to create a 'human ecosystem' that meets the needs of people today.

     Mr. Hee Joon Park, Chairman of Aspen Corporation Limited stated, “The company will create a perfect environment that feels like living at home, designed for the elderly to have social interactions, enjoy life, and maintain independence.”

“The project will apply the best practices and knowledge from around the world, with designs inspired by family to enhance social interactions with neighbors and the surrounding community,” Mr. Hee Joon Park concluded.

“Our project will cater to various lifestyles, suitable for both independent seniors and those who require more care.”

     Mr. Hee Joon Park, a South Korean executive with extensive experience in service provision and international real estate development across Asia, Europe, the Middle East, and North America.

     The elderly care business is rapidly growing in Thailand, with projections that by 2040, more than 1 in 4 Thais will be over 65 years old (according to World Bank estimates).

Thank you for the information from https://mqdc.com