Leading Thailand property developer Magnolia Quality Development Corporation (MQDC) and the International Well Building Institute (IWBI) has entered into legal agreement ie a letter of intention (LOI) under which the Bangkok-based property developer will aim to achieve the Well Building Standard certification in future projects.
This is to uplift its image among the rest of the property developers in Thailand and to make a commitment to its future customers in terms of providing only high standard constructions and finishings for all its future property projects.
Representatives of MQDC and IWBI sign a letter of intention (LOI) to collaborate on achieving WELL
certification in MQDC projects. The LOI was signed by Tony Armstrong, Senior Vice President of IWBI Asia,
front left, with Keerin Chutumstid, President for Property and Service of MQDC, front right.
Based on its founding commitment “For All Well-being”, MQDC is eager to apply IWBI’s global expertise to ensure the health and well-being of its residents, said Keerin Chutumstid, president of Property & Service at MQDC to Thailand Condo
“Eversince its founding, MQDC has worked to achieve the well-being of not only our residents, but also surrounding communities and all living beings,” he said. “We are therefore delighted to be working with IWBI, the first global rating system to focus exclusively on how buildings, and everything in them, can improve our comfort, drive better choices, and generally enhance, not compromise, our health and wellness.”
The company’s international portfolio of over 20 projects includes the award-winning True Digital Park “smart city” as well as national symbols such as the joint-venture Iconsiam megaproject on the bank of the Chao Phraya River.
MQDC supports the Research & Innovation for Sustainability Center (RISC), which works to raise sustainability and well-being across the property sector. RISC's office in central Bangkok is the first in Thailand to be built to the Well Building Standard.
The Well Building standard was launched in 2014 after six years of research and development as the premier standard for buildings, interior spaces, and communities seeking to implement, validate, and measure features that support and advance human health and wellness.