Myanmar Plaza open for business

A new commercial centre has opened in Yangon, one peg of a Vietnam-backed construction project that will eventually encompass a five-star hotel and five blocks of residential housing. Myanmar Plaza – part of the HAGL Myanmar Centre now under construction on Kabar Aye Pagoda Road – opened for business on December 5. The HAGL Myanmar […]

Rowsley to invest US$275 million in tie-up to develop Myanmar project

Rowsley Ltd, a listed real estate and investment firm part-owned by billionaire Peter Lim, has entered into an agreement with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly develop a mixed-use development in Yangon, Myanmar. Rowsley said that under a heads of terms agreement signed on Thursday, it will invest US$275 million […]

Vietnamese firm to unveil Yangon development in October

Offices and a five-star hotel on Kabar Aye Pagoda Road in Yangon that are being built with investment from the Hoang Anh Gia Lai Group from Vietnam will reportedly open by the end of October, according to the Ministry of Hotels and Tourism. The offices are due to be completed in May with the development […]

MIC grants to build five star hotel in Nyaung Oo

Myanmar Investment Commission (MIC) has granted permission to Imperial Palace Hotel Co Ltd, a local company, to build a five-star HOTEL IN Nyaung Oo district hotel zone in Mandalay Region. The investment by Myanmar citizens has significantly increased after 2013 in the HOTEL SERVICEsector and the tourism sector since 2010. According to the statement of […]

Yangon’s skyline is set to rise

From four buildings with more than 20 floors, Yangon is destined to welcome more high-rises in the next five years. “Yangon is a clean city, if you look down from Shangri La Residence Tower,” said John Anderson, managing director of Meinhardt Myanmar. “In five years, it will be dusty as lots of construction works take […]

New addition to Yangon skyline

Luxury complex architect aims at “least impact” on Shwedagon Alex Lau, a veteran architect of high-end developments in Hong Kong, China, North America, and South-East Asia, is leading the design work on a luxury complex scheduled to appear on the Yangon skyline, near the landmark Shwedagon Pagoda, in 2019. The deputy managing director of the […]

Tourism firm commits Ks 46 billion to project on ex-military college grounds

YANGON—Adventure Myanmar Tours & Incentives Company will invest Ks 46 billion (US$ 46 million) to build hotels and infrastructure on 7.42 acres of land at the former National Defence College, according to the Myanmar Investment Commission. The MIC allowed the company to operate on the former college grounds in accordance with the foreign investment law […]