Magnolia Quality Development Corporation is set to increase its 48-hectare The Forestias development on the outskirts of Bangkok, making it the largest property development project in Thailand.
Magnolia Quality Development Corporation's Forestias project has become Thailand's largest private sector development after the company announced an expansion of the site.
Situated on the outskirts of Bangkok, the planned community is the first of its kind to incorporate a forest in the middle of an urban area and is being purposefully designed for "healthier, happier living".
MQDC has now increased its investment in the project from US$2.98 billion to US$4.14 billion, while also expanding the size of development from 48 hectares to 63.7 hectares.
Chairperson Thippaporn Ahriyavraromp said MQDC increased its investment in The Forestias "after receiving very good feedback from global partners, which encouraged us further along the road of creating a new type of development that is completely focused on the well-being of residents, the surrounding community, and to sustainability."
An artist's impression of the view from the development. Source: MQDC
The Forestias includes multiple residential components with villas and condominiums aimed at a diverse range of lifestyles and family sizes, as well as commercial space for offices, a sports complex, lifestyle activities, retail and food & beverage outlets, as well as family edutainment facilities in a Family Life Center.
There is a town centre for community activities and cultural pursuits, a theatre, an event hall, markets, and a 1.6 kilometre elevated walkway that links many of the development's components and provides a 'nature-walk' that weaves above the forest.
Another pioneering component is a residential area that is specifically designed to make life safer and more convenient for the elderly, including specialised facilities for daily activities, a clubhouse, and trained care-givers.
There is also a 5-star hotel and a large medical centre with state-of-the art facilities and some of Thailand's most eminent medical specialists.
An artist's impression of Aspen Tree residential space. Source: MQDC
Forestias Project Director Kittiphun Ouiyamaphun said everything at the site had been designed with a common purpose to promote the good health and happiness of residents, adding that families.
"We aim to bring the theme of good health to a level never before undertaken through the layout of the public spaces, home layouts, choices of materials used inside and outside homes, the integration of 21st-century life technologies, the management of natural light, noise, heat, airflows, as well as air quality and water quality," he said.
"Each component is designed specifically for the needs of a particular age group, whether they're first jobbers, newlyweds, young families, or older parents.
"Locating them all in The Forestias allows parents, children, and grandchildren to live close together while still maintaining their independence and privacy.
"The cultivation of an immense forest, including a genuine deep forest area, at a cost of US$33 million is the centre-piece of our development, and helps people get closer to the diverse wonders of nature."
Click here for more information about Forestias.
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