As people live longer, the demand for housing that meets the needs of those aged 50 and above is increasing. Especially, projects that come with care and services that promote a healthy, independent, and worry-free lifestyle. MQDC has introduced special packages to allow interested individuals to experience the uniqueness of
The Aspen Tree project.

MQDC (Magnolia Quality Development Corporation Limited) is one of Thailand's leading real estate developers, focusing on projects that address the evolving housing needs of the growing population aged 50 and above. This demographic is seeking residences that understand their unique requirements.

‘The Aspen Tree’ is MQDC's first residential project targeting this market. The project is located on a 398-rai site within The Forestias, currently under construction at kilometer 7 on Bangna-Trad Road, making it one of the largest private real estate developments in Thailand.

Ms. He Jun Park, Director of The Aspen Tree Project at The Forestias stated, “People today expect to enjoy a comfortable retirement, living for at least another 25 years, and maintaining good health even into their 80s and 90s. We see significant potential in this new housing segment that allows active seniors to live independently, maintaining their lifestyle with close care services and modern conveniences, along with activities that enrich their physical and mental well-being.”

 

Ms. He Jun Park continued, “Seniors often live with beloved grandchildren, but due to generational differences, their lifestyle needs may not align. The existing homes and facilities may not adequately support the health care needs of seniors. However, The Aspen Tree is designed as a first-class condominium and sky villa, emphasizing safety and enhancing the living experience for residents in this age group. It also offers services that promote various aspects of life, including health care for those needing special attention, as well as amenities for outdoor activities, such as easy access to The Forestias town center or walking in the 30-rai forest.”

Under the Life-time Care concept of The Aspen Tree, residents pay once for their home, which not only provides housing but also includes health insurance covering medical needs up to the age of 99. Additionally, residents receive 24-hour life care, weekly housekeeping, breakfast, meals for those needing special nutritional care, and access to communal dining and clubhouse facilities with special fitness programs for regular physical and mental exercise, as well as social activities like art and craft classes.

Moreover, The Aspen Tree features a Health & Brain Center offering specialized medical services for residents who require them.

Ms. He Jun Park stated that the comprehensive services provided by the project help reduce the risks faced by residents due to various uncertainties in life.

“The Life-time Care concept of The Aspen Tree alleviates many concerns that are significant issues for those aged 50 and above. With the diverse services offered in the project, residents can live happily and comfortably with their own lifestyle, even as they age, without relying on family or friends for daily living. Additionally, it reduces financial uncertainty, as there are no unpredictable future common area fees, and residents need not worry about health insurance premiums or rising medical costs, all of which are included in the purchase price,” Ms. He Jun Park explained.

 

The Elderly Population is Rapidly Increasing

Mr. Wittya Sinthrapanthorn, Director of Project Marketing at MQDC expressed confidence in the positive response to the Life-time Care concept from both Thai and international clients, noting that Thailand and the world are currently facing a rapid increase in the elderly population.

“Thailand is one of the countries with the fastest-growing elderly population in the world. Studies show that in 1985, only about 6% of the Thai population was over 60 years old. Today, that proportion has more than tripled, with seniors making up 20% of the total population. According to the United Nations’ World Population Prospects study, Thailand is expected to see its elderly population double by 2050, meaning that 1 in 3 Thais will be seniors.”

“This increasing elderly population is healthier than before. Therefore, we will have more people seeking a comfortable and happy lifestyle in their 60s and beyond, wanting to live independently and do what they love, living life on their own terms. This is why the worry-free independent living that The Aspen Tree offers is particularly important for this generation,” Mr. Wittya stated.

Mr. Wittya revealed that the working-age population in Thailand is declining, and it is expected that within two years, the elderly will outnumber children for the first time in history. “This trend means that more people will be looking for residences with services that enable them to live independently and worry-free during this beautiful stage of life, without relying on their children to take care of everything.”

“This trend is similar to that in many other countries around the world. We believe that the housing market for this age group will grow rapidly and attract significant interest from foreigners looking to live happily in Thailand, as the country offers various supportive services and the inherent friendliness of Thai culture,” Mr. Wittya concluded.

 

Trial Packages for 1 Year and 5 Years to Meet Individual Needs and Lifestyles

Mr. Wittya revealed that MQDC is offering target customers the opportunity to experience the excellence of this new concept project. Starting from May 1, 2023, MQDC is presenting trial living packages at The Aspen Tree for
1-year and 5-year durations, inviting interested individuals to contact for more information at Call Center at 1265 or visit the website theaspentree.com

1-Year Trial Package is available for 1-bedroom or 2-bedroom units, with living spaces ranging from over 80 square meters to 123 square meters, equipped with numerous amenities for living and social activities. Each unit is fully furnished, allowing customers wishing to experience the lifestyle of The Aspen Tree to witness the level of comfort and service firsthand.

5-Year Trial Package is also available for 1-bedroom or 2-bedroom units, but includes additional health insurance coverage throughout the duration of residence.

“We are confident that this customer group will appreciate the safe and worry-free environment, as well as the natural beauty of The Forestias. If customers decide to choose The Aspen Tree as their permanent residence after the trial period, the amount paid during the five years will be deducted from the lifetime residence price,” Mr. Wittya stated.

Exclusive Offers Until June 30, 2023

MQDC is offering special privileges for customers who book 2-bedroom units from now until June 30, 2023, receiving a credit for purchasing Thai Airways tickets worth 350,000 baht along with a 2-year membership in Thai Airways' Royal Orchid Plus at the Gold level. Additionally, The Aspen Tree offers convenience for foreign customers, who will receive a Thailand Elite Card valued at 1 million baht, facilitating long-term visa applications for residence in Thailand. Furthermore, The Aspen Tree helps foreign customers adapt to their new residence in Thailand by providing a special voucher for purchasing furniture worth 1 million baht.

The Aspen Tree consists of 290 residential units located within The Forestias, with sizes ranging from 83 square meters to 253 square meters, each unit offering refreshing views of the 30-rai forest.

Interested individuals can contact the Call Center at 1265

or visit the website theaspentree.com

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Other residential projects within The Forestias aim to create a community that fosters opportunities for people of different ages and lifestyles to live closely with nature in interconnected areas, including the Mulberry Grove condominium, Mulberry Grove Villa designed for multi-generational families, Wisdom condominium, and Six Senses Residence, which features luxurious villas managed by the Six Senses brand.