Thailand’s MQDC To Invest $4.1 Billion In Mixed-Use Project
Thailand-based property developer Magnolia Quality Development Corporation (MQDC) has announced plans to increase the investment for ‘The Forestias’, a mixed-use multi-generational lifestyle project on Bangna-Trad Road in Thailand, from
$2.98 billion to $4.14 billion.
The move, which would result in the expansion of land size from 48 hectares to 63.7 hectares, is expected to make the Forestias the country’s largest property development project.
Strategically located on the Eastern Economic Corridor with easy access to major highways and mass transportation systems, the project will comprise a sapling-planted 4.8 hectares forest area at its centre, as well as multiple residential components with villas and condominiums.
MQDC chairperson Thippaporn Ahriyavraromp said, “We are building the world’s first town that is purposefully designed for healthier living.”
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