More mixed-use projects springing up in Yangon

Over the last few years, more and more building projects featuring a combination of residential units, hotels, shopping centres and office spaces have been coming up around the city. The projects, called mixed-use developments, will add to the vibrancy of the city although there are those who fear they will compound the traffic situation. The […]

Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]

FMI ventures into affordable housing

First Myanmar Investment (FMI) will be investing in the affordable housing sector in a bid to offset falling revenue from its construction businesses, FMI chair Serge Pun said during the firm’s 26th annual general meeting, held at the Yangon National Theatre, on July 29. He said the domestic property sector has no demand as those […]

Yoma Strategic rebrands to expand property business

YOMA STRATEGIC Holdings Ltd announced yesterday the launch of Yoma Land, a property-focused company that will unify all their real estate projects in Myanmar, according to Cyrus Pun, the firm’s managing director. Speaking to a small group of invited journalists, Pun said, “By grouping all our real estate projects under one umbrella brand, one identity […]

Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Second Tower Complete in Luxury Star City Condo Project

​​ The main structure of the second tower in Yoma Strategic Holding’s massive Star City-based condominium project was completed earlier this month, with work now set to begin on the interior units, a fivestar Club House and a public plaza. The Galaxy Towers project, which launched inFebruary last year, will have six high rise condos […]

Yoma Claims Bumper Sales at Galaxy Towers

Almost 20 percent of the first release units of Yoma Strategic Holdings Ltd’s new residences at its flagship Star City project were reserved during the initial 24 hours of sales, the Singapore-based, Myanmar-focused conglomerate said. Yoma claimed it experienced “strong” sales at Galaxy Towers as it opened sales in mid-February and that “dozens of apartments […]

Yoma Unveils Third Phase of Star City Development

Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon. Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B units. The Singapore-listed conglomerate said […]

FMI real estate takes first step outside Yangon with Nay Pyi Taw condo

Interest in Myanmar real estate is leading investors to expand beyond Yangon, as First Myanmar Investment (FMI) public company plans to expand nationwide, according to its chair Serge Pun. The prominent businessman unveiled plans for a 114-unit “Krisplaza condominium” in Nay Pyi Taw during FMI’s annual meeting on November 23. “This project will see us […]