How is Thai developer MQDC addressing the demands of SG's luxury property market?

MQDC commits to offering more than just property units, but a whole package of services.

Thailand property developer Magnolia Quality Development Corporation (MQDC) Limited has ensured its clients ‘premium care’ and quality service despite the rising demand of Thai properties from Singapore.

Wilawan Brenig, Vice President of International Market Development at MQDC, said that their company can adapt to meet the preferences of Singapore’s luxury property market through bringing properties in convenient locations, among others.

“We are bringing the property that located on the, you know, very convenient locations into Singapore markets like last time that I did for the showcase from MQDC in Singapore,” she siad, “And we got very interested from the Singaporean market as well that the location is really in the downtown area and surrounded with convenience.”

Brenig emphasized MQDC's commitment to offering more than just property units, noting that the company has exit plan and a 30-year warranty.

"MQDC will not offer only the unit like a four-wall unit but we will offer the integrated developer and the services as well. We have the, you know, the premium care who can service you on the maintenance, providing the reference to our clients and every project,” she noted.

According to Brenig, Singapore, with its population of 6 million, faces a significant constraint on land availability, which is one of the reasons for the demand along with Thailand being near the country.

“This time from Singapore to Thailand is just only two hours, and you know the Thai hospitality that no one can compete with, as everyone knows, that we have our own unique hospitality offer to the foreign market,” she added.

She also mentioned that being a financial hub, Singaporeans are often cash buyers who have a clear understanding of their property needs, especially when looking at overseas properties.

“We also are providing the capital gain very high from the amount the, you know, developer at the property at the PDC. We are currently at a capital gain of 6% approximately, and also like 3% to 5% for the rental yield,” she explained.

Moreover, Brenig mentioned that the company will also assist in sales, rentals, leasing, and any other property-related issues, ensuring a smooth experience for MQDC's clients.