Mr. Suttha Ruengchaipaiboon, Chief Executive Officer of Magnolia Quality Development Corporation Limited (MQDC), announced that the company is prepared to fully repay the principal and interest amounting to THB 3,232.30 million to holders of MQDC 255A bonds, which are set to mature on May 25, 2025.
At present, MQDC has been progressively transferring ownership of completed, ready-to-move-in projects to residents. These projects include Whizdom The Forestias Petopia, Whizdom The Forestias Mytopia, Whizdom The Forestias Destinia, The Aspen Tree The Forestias, and Mulberry Grove The Forestias Condominiums, managed by Dusit Hospitality Services Co., Ltd. (DHSC).
Additionally, there is the Cloud 11 project, a mixed-use development marketed as the first hub for Thai–ASEAN creators in Southeast Asia. Construction progress has reached 80%, with the grand opening scheduled for late 2025.
