Magnolia Quality Development Corporation Limited (MQDC) is accelerating its business plan for the next 3 years, focusing on pushing various projects currently under construction in the final phase to be ready for transfer in order to recognize increased revenue from residential projects. The company emphasizes managing commercial spaces to be ready for service as scheduled, complemented by long-term quality asset management services and large-scale project development to create continuous recurring income.

Mr. Wisit Malaisirirat, Co-Chairman and Co-CEO of MQDC, stated that the company is continuing to push forward its business plan in line with the established direction over the next 3 years, focusing on concrete policies to increase revenue by accelerating project completion as planned. At the same time, the company remains flexible to adapt to customer demands and the ever-changing market conditions.

Currently, there are completed projects ready for occupancy, such as Wisdom The Forestias (Destinia, Mytopia, Petopia) and The Aspen Tree. Projects that are progressing and in the final phase of construction to be completed and ready for transfer to homeowners include Mulberry Grove The Forestias, with a total value of villas and condominiums of approximately 20 billion baht. The condominium portion is expected to be completed and ready for transfer by 2026, and Mulberry Grove Sukhumvit, valued at over 6.5 billion baht, is continuing construction with a completion and transfer date set for 2027.

Additionally, there are mixed-use commercial real estate projects, including Cloud 11, a new creative landmark in Thailand and the Asia region, valued at 43 billion baht, officially opening on July 16. The company will gradually recognize revenue according to its targets.

Furthermore, the company emphasizes continuous recurring income generation through quality asset management and services to meet the diverse needs of its customer base, such as developing commercial spaces for retail businesses, office spaces, hotels, and serviced apartments. It also continues to provide consulting services for urban development and large-scale projects, which are key mechanisms for generating long-term recurring income.

“The consultancy and execution of large-scale city development projects are proceeding well, and there continues to be interest from clients for us to assist in development,” Mr. Wisit stated.

Mr. Wisit mentioned that although the overall economy still faces challenges, MQDC remains committed to conducting business based on long-term value creation. The company does not focus solely on real estate development but also prioritizes creating a sustainable ecosystem for living, working, and lifestyle, which is a crucial factor in gaining trust from customers, investors, and leading financial institutions.

“The progress of various projects reflects MQDC's potential in managing large-scale projects and serves as important evidence that the company continues to drive growth according to plan, even amidst fluctuating economic conditions. We believe that investing in quality assets, committing to creating unique experiences, and adhering to sustainable development principles will be key factors in generating returns and added value for all stakeholders in the long run,” Mr. Wisit concluded.