Starwood Hotels & Resorts Slated to Enter Myanmar with the Signing of Sheraton Yangon Hotel

SStarwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the […]

Singapore-based construction firm to invest in high-rise building project

Singapore-based Soilbuild Construction Group will offer management and consultancy services in the construction of a 24-storey high-rise building project in Myanmar, according to a spokesperson for the firm. In July this year, the firm signed an agreement to invest in Myanmar’s construction industry. The contract is worth approximately S$ 1.1-1.4 million. The inspections committee for […]

Myanmar Government moves to cool property market

Government officials say they are planning to introduce additional real estate transaction taxes to cool the overheated the sector. The statements follow announcements in state media last week that a tax on real estate transactions will not be lowered from its current 37 percent, despite industry pressure. Deputy Minister of Finance Maung Maung Thein said […]