MQDC will concentrate on finalising its multi-billion-baht “The Forestias” forest district in Bangna this year as it continues its pursuit of sustainability and enhancing quality of life, according to the leading property developer’s new CEO, Suttha Ruengchaiphaiboon.
MQDC is commemorating its 30th anniversary this year. The developer is renowned for its commitment to “For All Well-Being,” a dedication to improving the quality of life for all through “sustainnovation.”
Mr Suttha said MQDC this year will focus on revenue generation and the completion of flagship projects like The Forestias.
Mr Suttha succeeds Visit Malaisirirat, who assumes the role of chairman of the company’s board of directors.
“In 2024, MQDC will concentrate on revenue generation and the completion of flagship projects like The Forestias, while other themed projects like Whizdom Craftz and Cloud 11 are also in progress,” said Mr Suttha.
“The company aims to achieve sales and transfer targets totalling 30 billion baht this year, with The Forestias expected to be delivered and transferred to homeowners within the year.”
MQDC’s new CEO added that the company will emphasise its strengths, including its 30-year warranty. The warranty covers building structure, roofs, doors and windows, and pipes and wiring to ensure homeowners’ peace of mind and satisfaction.
The Forestias advances the company’s efforts to minimise carbon dioxide emissions. The green neighbourhood will integrate effective energy management with a district cooling system, solar power, and carbon absorption by trees. The mixed-use district is set to reduce annual emissions by 40,000 tons.
Projects at The Forestias slated for completion in 2024 include Whizdom The Forestias Mytopia, Whizdom The Forestias Destinia, Whizdom The Forestias Petopia, Mulberry Grove The Forestias Villas, Mulberry Grove The Forestias Condominiums, The Aspen Tree The Forestias, and Six Senses Residences The Forestias.
Whizdom The Forestias
Whizdom The Forestias Mytopia, Whizdom The Forestias Destinia and Whizdom The Forestias Petopia. These three buildings are under the condominium brand “Whizdom” located in The Forestias, each building has its own brand personality and character designed for different targeted audiences.
Mulberry Grove Condominiums & Mulberry Grove Villas
Mulberry Grove The Forestias Villas, cluster homes for extended families of many generations and Mulberry Grove The Forestias Condominiums. These two projects are progressing fast and are already over 70% complete. Both are set to be gradually transferred to residents within the first quarter of this year.
The Aspen Tree
The Aspen Tree, a world-first residential concept focused on lifetime care with the collaboration from a world’s renowned eldercare center in Canada “Baycrest”.
Six Senses Residences The Forestias
Six Senses, the global hospitality brand's first luxury resort-style residences in Southeast Asia that managed by Six Senses.
Happitat
Happitat at The Forestias, The New Themed Destination of Happiness welcoming all generations to relax and shop across the real and digital worlds. Happitat features over 300 unique concept shops and top restaurants, leading fashion and lifestyle brands as well as world-class entertainment.
MQDC’s primary focus in 2024 is on revenue generation, development, and project delivery, said Mr Suttha.
The company continued construction of The Forestias without pausing during the COVID-19 crisis. The green district’s first phase is now complete. Further phases are scheduled for completion and transfer this year.
In addition to its expertise in large-scale mixed-use projects, MQDC aims to lead in sustainability and quality of life.
The company’s 30-year warranty programme, for instance, stems from the MQDC Standard developed by the Research & Innovation for Sustainability Center (RISC). This MQDC research centre conducts multidisciplinary research, enabling the company’s projects to achieve human and environmental well-being.
MQDC applies a concept of sustainable innovation, or “sustainnovation,” to fulfil its founding commitment of “For All Well-Being.” The company is presently integrating AI into project management, maintenance, and services through partnerships with global research institutions.
Mr Suttha reaffirms MQDC’s mission to have a positive impact on nature and become carbon negative by 2050, a commitment formalised in 2023.
MQDC’s new CEO brings over 30 years of experience in property development and mixed-use megaprojects to his role.
He has worked on projects in the United States, including Harvard University’s Allston Science Complex, the World Trade Centre reconstruction, and the East Side Access project at Grand Central Terminal in New York City. He also contributed to various developments at Los Angeles International Airport (LAX).
His portfolio in Thailand includes True Digital Park. His appointment as CEO reflects MQDC’s commitment to innovation and sustainability as it enters its fourth decade as a developer. Mr Suttha worked at MQDC for 12 years before becoming CEO.