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Major Development gears up for over 300 million baht in low-rise projects and condominiums
Sep 28, 2023
Major Development gears up for over 300 million baht in low-rise projects and condominiums Bangkok
By   LivingInsider Report
  • City News
  • Low-rise property
  • condominium project
  • Thailand property
Abstract: Major Development Public Company Limited leader in luxury property and pet-friendly condominium development. Pet Family Condominium prepares for new business continues to penetrate the long-term property market, revealing 15 potential land banks around Bangkok to develop the area into low-rise projects and condominiums ranging from mid-range to ultra-luxury.

The project is divided into eight land banks under construction, with seven land bank plots scheduled for investment in property development between 2567 and 2569, securing property development worth more than Bt3,144 billion.


Ms. Pechilada Pongvorarak Chief Executive Officer of Major Development Public Company Limited said, "In line with the brand's vision to become a Lifescape developer, we have announced an unprecedented highest real estate business plan to penetrate the market through new projects valued at more than Bt1.4 billion in the market. Currently, the company has developed various quality projects in line with the company's strategic plan and timetable to drive sustainable growth in potential and revenue."


The company is poised to take the strength and credibility of its brand to the next level. The company has revealed potential areas around Bangkok, including the Centre Point (the new Central Business District) as well as suburban expansions, and the company plans to develop low-rise and condominium projects in more than 15 areas, such as Pirao.


Boromalacha Jonathanipatanakarn, Langkhang, Pongpong, Klongtakrita, Phi Yai Thai, Laplao and Pahunyosin. The total value of the project exceeds 3,144 billion baht.

Major Development gears up for over 300 million baht in low-rise projects and condominiums

Currently, the project has been developed on a total of seven plots divided into five low-rise projects, namely Mayfield Lane, Ratchada-Ladprao 26, valued at 40 billion baht. Mayfield Project Pinklao is worth 100 million baht. Mayfield Ramintra-Kubon project worth 100 billion baht Ten & Only Pattanakarn 2 project worth 30 billion baht.


and Milford Ramkhamhaeng 1 worth 5.3 billion baht and 600 condominium projects namely Marquis Phayathai worth 300 million baht. Muniq Phrom Phong project worth 500 million baht and Maru Chula project worth 50 billion baht. The total value of development projects under construction is Bt300mn.


In addition, the company has other potential sites of interest covering seven plots in Bangkok, including the city centre, lifestyle and office areas, or near convenient transport routes, etc., divided into eight low-rise projects in the areas of Borommaratchachonni, Krungthep Kreetha, and Ladprao Soi 5, as well as Charoen Muang and 2 condominium projects in Charoen Krung and Ari-Phaholyothin.


The Company plans to develop high-quality real estate projects including single-family houses, townhouses and condominiums to meet all needs and market segments at all price levels, based on Major's standards of craftsmanship and quality, guaranteed quality and service, combined with an understanding of Pet Family, with a value of more than 1,514.0 million baht of projects in future development.


"Based on the Company's investment and development plan, all 15 land banks around Bangkok, valued at more than 3,144 billion baht, will be able to create movement in the property market for three consecutive years between 2567 and 2569," concluded Mr Petchlada.

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Major Development gears up for over 300 million baht in low-rise projects and condominiums
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