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 […]