Major Development Public Company Limited, a leader in luxury real estate and a pioneer in pet-friendly condominiums (Pet Family Residences), has announced the signing of a new joint venture agreement with Japanese group Takara Leben, experts in developing various types of real estate such as condominiums, single-detached houses, and hotels, including The Leben in Japan. The partnership, structured with a 51:49 investment ratio, comes with a strategic plan to venture into landed projects under the 'Craft & Quality' standard, focusing on creating high-quality developments. The first project will be the Malton Reserve Pinklao-Kanchana, a luxury single-detached house development with only 25 units and a project value of 1.331 billion baht. This project aims to enhance the portfolio's diversity and strengthen the stability of landed projects, ensuring consistent returns in the future.

           Ms. Petrada Poolvoralaks, CEO of Major Development PCL, said, "Major Development is a leader in the luxury real estate market. We have showcased our strong position through the brand concept of 'Crafting Lifescape to Excellence,' which emphasizes the art of craftsmanship in every detail. This ensures our customers’ confidence in the quality, construction standards, and the carefully selected best-in-class materials, along with timeless designs that maintain aesthetic value. We continually analyze customer needs, behaviors, and diverse lifestyles, which has helped us earn the brand's ongoing trust and revenue growth. This attention has also attracted significant interest from leading companies and investment groups both domestically and internationally.”

           She also indicated that "earlier, we partnered with the leading Japanese real estate developer MORI TRUST in Q2 2024 for the Malton Gates Krungthep Kreetha II project, valued at 2.1 billion baht. This collaboration demonstrated our strength in partnering with partners at a powerhouse level. Now, with this new partnership with Takara Leben, a company with an A5 rating, we are taking another important step forward. Together, we will develop the Malton Reserve Pinklao-Kanchana low-rise real estate project with a 51:49 investment ratio. This marks another significant achievement in strengthening and expanding our portfolio for greater stability in Q4 of this year."

           Takara Leben is a Japanese real estate development company with expertise in various areas, including the development and sale of new condominiums, property leasing, and real estate management and distribution. The company operates across multiple sectors, such as condominium and single-detached house development, as well as hotel operations. It is also expanding its overseas investments, focusing on high-growth potential markets, particularly in Asia and other promising real estate markets.

           Mr. Hiroshi Iwamoto, Managing director of Investment Department Business Headquarters at Takara Leben, said, "Takara Leben sees a great opportunity in partnering with Major Development due to their reputation for Craft & Quality. Major Development is also the leading developer of Pet Family Residences, catering to the needs of pet owners. By integrating their brand's core values with the potential of prime locations, they create projects that perfectly align with modern consumers' lifestyles. This is especially evident with the 'Malton' brand, which combines refined beauty with a comprehensive approach to residents' needs. Another key factor is Major Development's balanced portfolio of both landed projects and condominiums, demonstrating their diverse business management and potential for future investments in Thailand. This collaboration marks an important step forward for our company."

           The Malton Reserve Pinklao-Kanchana project, valued at over 1.331 billion baht, is designed under the concept of 'Modern with Classic Inspiration' and will feature 25 units on a 21, 913 square meter plot. Construction is set to begin in October 2024, with sales expected to launch in October 2025.

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#MajorDevelopment #Lifescape

#PetFamilyResidences #Takaraleben