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

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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.

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