20 May 2020, Bangkok – Mr. Visit Malaisirirat, CEO of MQDC, has told Thai media that the company is continuing its project pipeline, launching its flagship The Forestias in early 2021, despite economic disruption from the COVID-19 outbreak and lockdown.
"Even in the midst of the COVID-19 crisis, MQDC is still moving forward with confidence in the Thai economy in the long run and in the government’s commitment to megaprojects such as the Eastern Economic Corridor (EEC),” he said.
“Most adjustments are to short-term plans rather than long-term objectives. But the sale of existing projects will continue. The efforts of the government and Thailand’s health system, which are recognized worldwide, and the globally renowned qualities of Thais including kindness are all among the factors that make Thailand one of the world’s most attractive places. After COVID-19, a key factor for foreign investors is safety and the public health system.
“MQDC has already experienced the Tom Yum Kung crisis, which makes us always manage with care. The challenges of the COVID-19 crisis therefore won’t stop us from moving forward. These are MQDC’s views on doing business amid the lifestyle changes in line with the New Normal."
MQDC has experienced rapid growth through its clear project development strategy, especially as a pioneer in large-scale, mixed-use projects, which have met a good response.
MQDC’s strategy of project development with global partners, bringing world-class expertise, has made its projects stand out. The company has been able to develop projects with world-class standards, attracting a lot of customers both at home and abroad.
The clearest example is ICONSIAM. MQDC is a partner in this icon of Thailand on Chao Phraya River. ICONSIAM includes the high-end condominiums Magnolias Waterfront Residences ICONSIAM and The Residences at Mandarin Oriental, Bangkok, which is managed by the Mandarin Oriental Hotel Group. There is also Magnolias Ratchadamri Boulevard, which hosts the exclusive Waldorf Astoria Bangkok, the first hotel in Southeast Asia from Hilton’s most iconic brand.
Another key MQDC milestone is the launch of THE FORESTIAS, which has a project value of THB125 billion.
For the first time, an extensive forest has been made part of a city project, bringing in nature too. THE FORESTIAS is based on MQDC's philosophy to focus on projects that benefit society and enhance quality of life in line with the concept ‘For All Well-Being’.
"We aim to be a leading real estate developer focused on raising the industry’s standards to improve quality of life and benefit society under our dedication to 'For All Well-Being',” he said.
“We focus on research and develop innovations and new approaches by working with world-class partners. MQDC’s research and studies are in line with the New Normal lifestyle, after COVID-19, in which more and more people pay attention to details of their lives."
Explore MQDC’s project portfolio: www.mqdc.com