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BANGKOK, Thailand, Jan. 27/ InfoQuest=KYODO JBN/ --

Sales of residential units top US$ 520 million

with 40% of project residences sold

"We're humbled by the global recognition accorded our project and very

encouraged that the enormous resources we committed to ensuring the

development's sustainability is something that home-owners and others have

affirmed to us that we did the right thing."

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

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

property developers, announced, today, that the company's 'The Forestias'

mixed-use development project in eastern Bangkok has received 42 global awards

recognising the project's outstanding aspects, and that sales of residential

units within the    64-hectare community has topped US$ 520 million, as at

January 2022.

The Forestias is Thailand's largest private sector property development

project, valued at approximately US$ 3.8 billion, and is located in the

country's rapidly developing Eastern Economic Corridor.  It comprises large

areas of parkland, residential properties under multiple brands, as well as

numerous commercial and community components.  

Mr. Kittiphun Ouiyamaphun, Project Director – The Forestias, MQDC, said, "We're

humbled by the global recognition accorded our project.  We are especially

encouraged that the new homeowners, as well as others, have all considered

important the project's focus on sustainability in its design, in the choice of

materials used, and in its utility systems.  It has affirmed to us that we did

the right thing in investing heavily in sustainability and resilience."

The Forestias has just been presented with three awards at the 15th Edition of

the International Design Awards recognizing the project's architectural

innovations, including a Gold Award for Urban Design, a Silver Award for

Sustainable Living and Green design, and an Honourable Mention for the

project's Forest Pavilion.  Submissions were from around 80 countries and The

Forestias is the only project from Thailand to be recognised by the awards this

year.

Among other organisations recognizing The Forestias are the Outstanding

Property Award London, the International Property Awards, the International

Federation of Landscape Architects, the Muse Design Awards, the Dot Property

Award, the Eldercare Innovation Awards, and the Asian Property Awards.

In addition to awards that recognise the overall design of The Forestias, the

project"s multiple components have also been individually awarded for their

design and other aspects, including Mulberry Grove Villa, Mulberry Grove

Condominium, Whizdom condominiums, The Aspen Tree, the Six Senses residences,

and the Family Center.  One of the most awarded components is the recently

opened Forest Pavilion located at the heart of the project, which was designed

by Foster+Partners and DT Design.

Mr. Ouiyamaphun said that The Forestias has been conceived as "a town where

everything is designed for healthier and happier living, and to be a community

that is close to nature as well as one that allows multiple generations with

different lifestyles and needs to live within easy reach of each other."

He added that the project is already 40% sold across all residential units,

combined.

The Forestias has multiple residential components offering homes from around

US$ 150,000 to US$ 7.5 million, and beyond.

The Forestias expects to have its components completed within 2024.

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Note to the Editor:

Among the residential components at The Forestias are six buildings of Mulberry

Grove Condominiums.  These are low-rise buildings that are very close to nature

and with 16 different types of homes ranging in size from 63 square metres up

to 1,027 square metres.  Additionally, there are Mulberry Grove Villas

cluster-home residences that are specifically intended for extended,

multi-generational families who wish to live close together in multiple homes

that are conveniently connected.  They are comprised of 37 buildings in three

different sizes with four to six bedrooms and with functional areas that range

from around 1,000 square metres to 1,600 square metres.  

There are three Whizdom high-rise condominium buildings that are designed to

suit the lifestyles of first jobbers, couples starting families, and with one

building specifically designed for the needs of pet lovers.  There are seven

different types of homes ranging in size from around 35 square metres to 205

square metres.  

Another residential offering is 'The Aspen Tree' condominiums and Sky Villa

residences.  These are designed to suit the needs of residents who seek

lifetime care services or wish specialised assistance and convenient access to

full-service specialist health care.    

Also available are 'Six Senses' residences that are super luxury villas managed

by the 'Six Senses' brand.  

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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   Link: http://asianetnews.net/view-attachment?attach-id=413973

   Caption: Thailand’s largest private sector property development project ‘The Forestias’

amasses 42 global awards