How does a Thailand-based MQDC developer meet the demands of Singapore's luxury real estate market?
Magnolia Quality Development Corporation (MQDC) Limited, a real estatedeveloper in Thailand, promises its clients not only residential properties but also a whole package of services. Despite the growing demand for Thai real estate from Singapore, MQDC guarantees "premium care" and quality service to its clients. Vilawan Brenig, vice president of international market development at MQDC, said that their company can adapt to the demands of Singapore's luxury real estate market by offering properties in convenient locations and other benefits.
Location and benefits
"We offer properties located in very convenient locations to the Singapore market, just like the last time MQDC introduced its properties in Singapore. And we have received a lot of interest from the Singapore market as our properties are really centrally located and surrounded by all the amenities," she said.
Brenig emphasized that MQDC aims to offer not only residential properties but also integrated services, providing maintenance service, providing guidance to clients and assisting with any real estate related issues.
Benefits for Singaporeans
"It is now only a two-hour drive from Singapore to Thailand and everyone knows about Thai hospitality, which no one can compete with. We have our own unique hospitality offering in foreign markets," she added. She also noted that Singaporeans, being a financial hub, often buy properties with cash and have a clear idea of their real estate needs, especially when considering foreign properties.
Yield
"We also offer very high capital returns to our clients from MQDC properties. We currently have a return on capital of approximately 6% and rental yields in the 3-5% range," she explained.
Brenig also mentioned that the company will help with sales, rentals, leasing and any other real estate related issues, ensuring a smooth interaction with MQDC clients.
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