Mr. Suttha Ruangchaiphaiboon, Chief Executive Officer of Magnolia Quality Development Corporation Limited (MQDC) stated that the company is prepared to repay the full amount of 3,232.30 million baht in bonds, along with interest, to the holders of MQDC 255A bonds that will mature on May 25, 2025.

Currently, MQDC has been gradually transferring ownership of completed projects ready for occupancy to residents, including Whizdom The Forestias Petopia, Whizdom The Forestias Mytopia, Whizdom The Forestias Destinia, The Aspen Tree The Forestias, and Mulberry Grove The Forestias Condominiums, which are managed by Dusit Hospitality Services Co., Ltd. (DHSC).

Additionally, the Cloud 11 project, a mixed-use development touted as the first Thai-ASEAN creator hub in Southeast Asia, is 80% complete and is set to open by the end of 2025.