MQDC adds B3bn to Cloud 11 budget

Property developer Magnolia Quality Development Corporation Ltd (MQDC) plans to add an additional 3 billion baht to its 40-billion-baht budget for Cloud 11 to enhance innovative elements and improve surrounding infrastructure.

- KANANA KATHARANGSIPORN

Onza Janyaprasert, project director of Cloud 11, said 2 billion baht is for creative facilities, including studios and performance stages, while 1 billion is earmarked to enhance public infrastructure and surrounding areas.

"We plan to transform nearby shophouses and warehouses into creative zones," he said. "The budget also covers upgrades to the canal and the skywalk to better connect the area and support the creative hub vision."

The project occupies a 27-rai site on Sukhumvit Road between Punnawithi and Udom Suk skytrain stations, directly opposite True Digital Park, MQDC's first mixed-use development, which opened in 2019 on Sukhumvit Soi 101/1.