PR95229

New home ownership concept in Thailand’s largest property development project combines home with provision of a lifetime of first-class healthcare and wellness services

BANGKOK, Thailand, Mar. 30 /InfoQuest=KYODO JBN/--

'The Aspen Tree' branded residences at The Forestias to offer both  a home as

well as a lifetime of first-class healthcare and wellness services and

healthcare insurance included in the purchase price as part of new 'Holistic

Lifetime Care' concept.

Up to US$ 62,000 in introductory discounts and cash credits until 31 May 2022

"The Aspen Tree branded homes complement The Forestias' other residential

offerings under the Six Senses, Mulberry Grove, and Whizdom brands and are a

part of our vision to create a community that allows multiple generations with

different lifestyles to live within easy reach of each other and close to

nature."

Mr. Kittiphun Ouiyamaphun, Project Director – The Forestias, MQDC

MQDC (Magnolia Quality Development Corporation), one of Thailand's leading

property developers, today, announced that it is introducing to Thailand a new

home ownership concept under The Aspen Tree brand which is in MQDC's

64-hectare, US$3.7 billion The Forestias mixed-use project.  The Forestias is

located in eastern Bangkok in the rapidly developing ‘Eastern Economic

Corridor’ and is Thailand’s largest private sector property development project.

The new concept combines the offering of a home with the provision of a

lifetime of first-class healthcare and wellness services, 24/7 care support,

housekeeping services, as well as health insurance and many facilities that

will particularly support residents aged over 50 years, all of which are

covered in a one-time home buying payment as part of a new 'Holistic Lifetime

Care' concept of home ownership.

Mr. Kittiphun Ouiyamaphun, Project Director – The Forestias, MQDC, said,

"People want uncertainty taken out of their lives, especially as they get older

and at a time when the world is living through multiple issues that make the

future increasingly unpredictable.  With a one-time investment in purchasing an

Aspen Tree home, we are essentially removing all the worries and uncertainties

of what will happen to many of the living costs that are constantly going up

around us, year after year.  It is a great value-for-money offer for true

peace-of-mind."

He said that as a part of assuring a worry-free future for home-owners, even

common area fees that are liable to keep increasing are waived under the new

home-ownership concept.

Ms. Hye June Park, President of The Aspen Tree at The Forestias, said, "We're

offering 290 Aspen Tree lifetime care residences ranging from 83 square metres

to around 253 square metres that are located at the prime heart of The

Forestias giving almost every home a refreshing view of the development's

4.8-hectare forest."

According to Ms. Park, The Aspen Tree targets a rapidly growing group of

affluent over-50s who are looking for a home that is both right for them now,

as well as being one that will "allow them to live independently and with full

health, wellness, and professional care services readily accessible when they

reach their 'most golden years' in decades ahead".  

The new home ownership concept includes, in addition to lifetime residency, a

lifetime service package that provides healthcare and wellness services,

housekeeping services and catering for special dietary needs, as well as access

to communal dining areas and a clubhouse where social activities such as art

and crafts workshops and regular physical and mental fitness programmes are

organised.  Many of these are provided without extra charge and on top of the

health insurance programme that covers medical and nursing needs until the age

of 99.

The Aspen Tree includes the Health & Brain Center where more specialised

medical needs are provided for residents, if needed.

The unique design features being introduced in the homes are extra-spacious

bathrooms, wider-than-usual corridors and doorways, and a special emphasis on

safety and easy maintenance.  The homes are offered fully-fitted, and

semi-decorated.  

Ms. Park said, "During the introductory period until 31st May 2022, we are

inviting friends to book units together as part of a limited 'Best Friends

Forever' package that gives each buyer up to 62,000 U.S. dollars in discounts

and cash credits."

She said that people who have purchased residences in other parts of The

Forestias could also introduce their friends and relatives to The Aspen Tree

and that buyers coming with such a reference also qualify for the discounts and

the credits, while the referring resident will receive a special cash award of

up to US$ 12,000.

The Forestias recently reported sales of residences under the various brands at

The Forestias to have exceeded US$ 510 million, or about 40% of the available

residences.

The Forestias is located in the rapidly developing Eastern Economic Corridor

and includes large areas of parkland, residential properties under multiple

brands that appeal to different lifestyles and generational needs, as well as

numerous commercial and community components with a focus on healthy living and

environmental quality.

Note to Editor:

Apart from the multiple residential components, The Forestias includes

commercial space for offices, a sports complex, lifestyle and family

entertainment facilities, retail and food & beverage outlets, and a Town Centre

for community activities and cultural pursuits.  There is also a Family Centre,

a theatre, an event hall, multiple markets, and an extraordinary 4.8-hectare

forest at the centre of the development with a 1.6-kilometre forest canopy

walkway weaving through the forest.

SOURCE: Magnolia Quality Development Corporation (MQDC)

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   Caption: The Aspen Tree’ branded residences at The Forestias