Magnolia Quality Development Corporation Limited
MQDC launches 'Aspen Corporation Limited' to enter comprehensive eldercare
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Bangkok, 26 September 2017 -MQDC is introducing Aspen Corporation Limited, an eldercare specialist offering integrated residences and services developed with global experts to meet worldwide best practice.

Aspen Corporation is aiming to set new standards in 'lifetime care' and 'aging in place' in Thailand. Residents will be protected from ever having to relocate by the provision of specialist services in areas such as dementia.

MQDC CEO Visit Malaisirirat said the new company's 'full-spectrum' services will meet an underserved market in Thailand.

"In the Thai market, options for elders and retirees tend to be restricted: either resort-style properties with limited services or nursing homes without stimulating lifestyles," said Mr Malaisirirat.

"And extensive research shows how much we all value 'aging in place', rather than having to move when we need more assistance. Nobody wants to leave a familiar and loved environment. Specialized design and services will help residents stay independent and in their own home."

MQDC's move into eldercare chimes with its 'Sustainnovation' approach, in which insights from psychology and other research fields are applied to develop 'human ecosystems' for unmet social needs.

Aspen Corporation will introduce environments based on family home life and tailored for sociable, active, independent living, according to its president, Ms Hye June Park.

"We are adapting and localizing global best practice, in which design takes inspiration from family homes to enhance social connections," she said.

"Our developments will also be 'multi-lifestyle', suiting active 'third agers' as well as those needing more support."

Ms Park is a South Korean with global experience defining and developing properties and services for Asian, European, Middle East, and North American markets.

Eldercare is a fast-growing market in Thailand, where by 2040 over a quarter of the population is expected to be 65 or over, according to World Bank forecasts.