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New Bangkok Condo Launch from Magnolia

By on Jun 16, 2015 in Property News, Residential

Magnolia Quality Development Corporation Ltd (MQDC) plans to launch 2 new Bangkok condo developments later this year.  Deputy Chief Operating Officer Thanomsak Kaeokhiao said in the second half the property market would gradually rebound as residential demand remained strong, driven by the government’s movement on mass transit projects in Greater Bangkok. “Interest rates are low and consumer purchasing power is still healthy for middle to upper-income earners. Lower-income people are feeling the pressure from the economic slowdown,” he said.

Magnolia posted 4 billion THB in pre-sales in May and expects to have 8 billion THB by the end of this year.

“We had no new projects launched in 2014 and focused on remaining units at existing projects,” said MrThanomsak, a former executive vice-president of SET-listed developer Ananda Development Plc who joined MQDC a year ago.

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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