Major Development Public Company Limited is a leader in luxury real estate development and a pioneer of the Pet Family Residences concept and has announced a new joint venture agreement with “Takara Leben”, a Japanese expert in various types of real estate development, including condominiums, single-family homes, and hotels like HOTEL THE LEBEN in Japan, with an investment ratio of 51:49.

They are ready to unveil a strategic plan to penetrate horizontal projects under the Craft & Quality standard, aiming to create high-quality work. This begins with the Malton Reserve Pinklao-Kanchana project, a new luxury single-family home brand with only 25 units, valued at 1.331 billion baht. This will increase the portfolio ratio and strengthen the stability of horizontal projects to ensure consistent returns in the future.

Ms. Phetlada Poovoralak, CEO of Major Development Public Company Limited, stated, “Major Development is a leader in the luxury real estate market. We reflect a strong position under the brand concept of “Crafting Lifescape to Excellence”, which emphasizes the art of crafting excellence into every detail, ensuring customers' confidence in quality, construction standards, and selected materials (Best-in-class), along with designs that maintain aesthetic value under the definition of Timeless Design. This is coupled with an analysis of customer needs, behaviors, and diverse lifestyles, resulting in the brand gaining trust and continuous revenue growth, attracting significant interest from leading companies and investors both domestically and internationally.”

“In the past, the company has invested with leading Japanese real estate developers, including MORI TRUST, in the second quarter of 2024 for the Malton Gates Krungthep Kreetha II project, valued at 2.1 billion baht. This joint venture is a testament to the company's strength and success in collaborating with leading partners with A5 stability like “Takara Leben”, under the agreement to jointly construct the Malton Reserve Pinklao-Kanchana horizontal real estate project with an investment ratio of 51:49, marking another significant step in strengthening and stabilizing the portfolio further in the fourth quarter of this year.”

Takara Leben is a Japanese real estate development company specializing in various areas, particularly in developing and selling new condominiums, leasing properties, and managing and distributing various real estate. The company operates in various sectors, such as developing condominiums, single-family homes, hotels, and expanding investments abroad, focusing on regions in Asia and high-growth potential real estate markets.

Mr. Hiroshi Iwamoto, Managing Director of Investment Strategy at Takara Leben stated, “Takara Leben” sees an opportunity to partner with Major Development because it is a well-known real estate developer with expertise in Craft & Quality and is ranked number one as a creator of residences that cater to pet owners (Pet Family Residences). Integrating the brand's core values with the potential of the location and creating projects that meet consumer lifestyles is another interesting factor, especially in the “Malton” brand, which exquisitely conveys the definition of beauty while comprehensively addressing the lifestyles of residents. Additionally, another point of interest is the balanced portfolio ratio that encompasses both horizontal projects and condominiums, indicating that Major Development has a diverse business management approach and can expand its potential for future investments in Thailand. Therefore, this collaboration is also a significant step for the company.”

The Malton Reserve Pinklao-Kanchana project is a single-family home project valued at over 1.331 billion baht, crafted under the concept of “Modern with Classic Inspired,” consisting of 25 units on an area of 21,913 square meters. Construction is set to begin in October 2024, with project sales expected to commence in October 2025.