Major Development and Takara Leben signed JV Agreement

for the development of Malton Reserve Pinklao-Kanchana project

Ms. Petrada Poolvoralaks, Chief Executive Officer of Major Development Public Company Limited, a leader in luxury real estate development and pioneer of pet-friendly condominium living (Pet Family Residences), along with Mr. Hiroshi Iwamoto, Managing Director of Investment Strategy at Takara Leben, Japan, signed a Joint Venture Agreement in the proportion of 51:49 to develop Malton Reserve Pinklao-Kanchana, a single-detached housing project valued at over 1,331 million THB, featuring a “Modern with Classic Inspired” concept with 25 units spread over 13 rais of land.

Additionally, the executive teams of both companies took part in a traditional Japanese ceremony involving the ritual watering of a sacred tree. The act of watering symbolizes water from different places uniting at the tree, representing the harmony and unity between both parties, which is intended to bring success to the project. This gesture also bestows good fortune and safety upon the beginning of the project’s development and construction. The foundation stone laying ceremony for the project had already taken place recently.