Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]

HAGL launches second phase of Myanmar Centre

Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. The first phase of the US$440 million project included a shopping centre called Myanmar Plaza, which opened at the end of […]

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 […]

Foreign developers fuel commercial boom in Yangon

Large commercial complexes are popping up in Yangon as foreign property developers seek to cash in on an expected surge in consumer spending in one of Southeast Asia’s least-developed nations. Vietnamese real estate developer Hoang Anh Gia Lai will partially open a huge commercial complex this month featuring what will be the largest shopping mall […]

After Partner Bows Out, HAGL Considers Working Alone

Vietnam’s Hoang Anh Gia Lai (HAGL) Group will currently not search for investment partners and will continue to operate on its own investments, the company’s chief executive Vo Truong Son said. “We are going to operate with our own investment and will not spend resources searching for additional investors. In the future, we will welcome […]

Melia enters Myanmar with maiden Yangon hotel

MELIÁ Hotels International has signed an agreement with Vietnam’s Hoang Anh Gia Lai (HAGL) Group on April 30 to manage the five-star Meliá Yangon. Owned by HAGL, the 429-room hotel will be part of the mixed-use Hoang Anh Gia Lai Myanmar Centre and is one of HAGL’s largest real estate projects, with a total investment […]

Yangon’s Vietnamese development lands Melia hotel

Spanish hotel chain Melia Hotels International signed a deal yesterday that will place a five-star Melia brand hotel at a prominent Vietnamese-owned development. The Melia Hotel Yangon will be part of the mixed-use Hoang Anh Gia Lai (HAGL) Myanmar Centre next to the Sedona Hotel near Inya Lake. HAGL Group chief executive Vo Thuong Son […]

Vietnam firm marks initial step in penetrating Myanmar construction market

A Vietnamese construction company on Friday celebrated the ‘topping out’ of a tower complex in Myanmar, which it said is the first step in its bid to enter the Southeast Asian country’s construction market. Hoa Binh Corporation organized the topping out ceremony – a traditional rite held when the last beam is placed atop a […]

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 […]

Office Market in Yangon 4Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Office Market 4Q 2014 Supply pipeline increases amid growth in demand New office supply targeted for completion in 4Q 2014 slides as developers struggle to meet their deadlines. As a result, the […]