Magnolia Quality Development Corporation Limited (MQDC) is accelerating its 3-year business plan, aiming to complete ongoing projects in their final construction phases for handover and additional revenue recognition from residential projects. The company is prioritizing optimized commercial space management to ensure timely openings, supplemented by long-term quality asset management services and large-scale project development to create stable, recurring income streams.
Mr. Visit Malaisirirat, Co-Chairman and Co-CEO of MQDC, stated that the company is pushing ahead with its business strategy, focusing on concrete revenue growth by expediting the completion of projects as planned. At the same time, MQDC remains flexible, adapting to changes in customer needs and the dynamic market environment.
Notable projects already completed and ready for occupancy include Whizdom The Forestias (Destinia, Mytopia, Petopia), The Aspen Tree, and other developments in progress, now in the final construction phase before property transfer. One such project is Mulberry Grove The Forestias, with combined villa and condominium values of approximately THB 20 billion. The condominium segment is expected to be completed and ready for transfer within 2026. Meanwhile, Mulberry Grove Sukhumvit, valued at over THB 6.5 billion, is advancing towards completion and scheduled for transfer to homeowners by 2027.
Moreover, MQDC is developing mixed-use commercial real estate, such as Cloud 11, a new creative landmark in Thailand and Asia valued at THB 43 billion. Officially opening on July 16, this project is expected to contribute steadily to MQDC’s targeted revenue.
To further sustain recurring income, MQDC emphasizes quality asset management and tailored services addressing diverse customer needs. These include the development of leasehold spaces for retail, office, hotel, and serviced apartments, as well as continued consultancy in city and large-scale project development, solidifying MQDC’s standing in generating long-term recurring income.
“The consulting and development of large-scale urban projects are progressing well, and there is ongoing interest from entities wishing for our help in project development,” Mr. Visit noted.
He also added that, despite the persistent economic challenges, MQDC remains committed to long-term value creation. Beyond real estate development, the company emphasizes the importance of establishing sustainable living, working, and lifestyle ecosystems—a key factor in earning continued trust from clients, investors, and leading financial institutions.
“The progress of our various projects underpins MQDC’s capability to manage large-scale developments and proves that we are continuing our growth plan despite economic volatility. We believe that investing in quality assets, delivering differentiated experiences, and adhering to sustainable development principles will be critical drivers in creating lasting value and returns for all stakeholders,” Mr. Visit concluded.
