SCB Supports MQDC’s The Forestias with THB 22 billion Loan
Magnolia Quality Development Corporation Limited (MQDC) is advancing Thailand’s largest real estate development, “The Forestias”, with plans to complete the residential zone by 2026. In a major show of confidence, Siam Commercial Bank (SCB) has extended THB 22 billion in project financing, recognizing MQDC’s potential to set world-class standards in real estate and lead innovation in sustainable living.
According to Mrs. Thippaporn Ahriyavraromp, founder of MQDC, “The Forestias stems from deep analysis to create a model city for sustainability, benefiting all life on earth through outstanding design and construction. The district has been developed under the concept of ‘sustainnovation’ combining innovation with sustainability to create a harmonious ecosystem for both humans and nature. When we developed The Forestias, we found it aligns with all 17 United Nations Sustainable Development Goals (UN SDGs), especially in good health and well-being (Goal 3), sustainable cities and communities (Goal 11), and climate action (Goal 13). The residential district brings forest into the city, reduces carbon emissions, uses clean energy, and creates a warm community. MQDC thanks Siam Commercial Bank for recognizing our development of The Forestias, conserving ecosystems and creating an urban forest as a new template for sustainable development.”
Mr. Suttha Ruengchaiphaiboon, CEO of MQDC, added “The Forestias has secured a loan from Siam Commercial Bank. We’re accelerating construction—already 70% complete—to finish in 2026. Siam Commercial Bank’s support with 20 billion baht in project finance will enable construction to complete to plan.”
Mr. Arthid Nanthawithaya, CEO of SCBX PCL, noted that “SCBX has been delighted to support The Forestias from its inception. MQDC has consistently demonstrated its commitment to elevating Thai real estate to global standards. With emphasis on environmental design, The Forestias integrates nature and technology to enhance residents’ quality of life while actively reducing greenhouse gas emissions. This aligns with SCBX’s vision of driving Thailand toward a low-carbon economy through sustainable finance, with SCB playing a key role in supporting this transition among Thai businesses.”
Mr. Kris Chantanotoke, CEO of Siam Commercial Bank, further noted that “SCB is honored to be part of The Forestias journey, providing THB 22 billion in financing for the residential zone, scheduled for completion in 2026. We believe in MQDC’s potential to deliver world-class real estate that meets the growing needs of discerning customers seeking holistic living in harmony with nature. This is a new living trend for the future. The Forestias is an outstanding real estate development. More than just a concept, it delivers tangible results. The Forestias exemplifies sustainable urban development through its ‘Forest in the City’ concept, making it the standout model in Southeast Asia. Recognizing its holistic design and operational excellence, SCB views The Forestias as a benchmark for eco-friendly, sustainable living, where every element of the ecosystem is thoughtfully crafted to nurture environmental harmony, supports biodiversity, and enhances the quality of life across generations.”
The Forestias by MQDC is a forest district across 157 acres on Bangna-Trad KM7. The green community combines its homes with a business area, a 6-star boutique hotel, community and family centers, a cinema, shops, restaurants, offices, and an innovation building. Residents also enjoy a museum and learning center as well as extensive and flourishing natural ecosystems.
Residential projects include:
• Whizdom The Forestias Petopia, Whizdom The ForestiasMytopia, and Whizdom The Forstias Destinia: Three now occupied condominium buildings.
• Mulberry Grove The Forestias Villas and Mulberry Grove TheForestias Condominiums: Low-rise residences designed for nurturing multi-generational living.
• Six Senses Residences: The brand’s first residential project in Southeast Asia.
• The Forestias Signature Series: High-rise residences that fully embody the concept of The Forestias, now under construction.
ไทยพาณิชย์ เชื่อมั่นศักยภาพ The Forestias สนับสนุนวงเงิน 22,000 ล้านบาท
