Golden City denies Toener link

Luxury condominium and hotel project Golden City has denied any involvement with Chinese firm Toener Investment Group, which lists Golden City as a real estate project on its website. Golden City released a public statement yesterday in response to an article in this paper on June 15, “Chinese group to develop 31-acre luxury complex in Yangon”, which […]

Chinese group Toener to develop 31-acre luxury complex in Yangon

The Chinese investors behind a major residential project in Yangon are preparing to launch another huge development on a 31-acre site beside the city’s Hlaing River. The Riverfront Garden sales gallery has already been built beside the Hlaing River. Photo: Riverfront Garden / FacebookThe Riverfront Garden sales gallery has already been built beside the Hlaing […]

Ex-swimmer Daphne Teo makes waves in Myanmar real estate

Investing in a new market can be risky business, but former national swimmer Daphne Teo is no stranger to diving into the deep end. Ms Teo, now chief investment officer of D3 Capital, is overseeing the development of a mixed-use luxury project that boasts some of Myanmar’s tallest skyscrapers. Called Golden City, the project in […]

Harnessing investment into Yangon’s development

The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local investment. For the […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]

Malaysian luxury condos offered to Myanmar buyers

MYANMAR’S per capita annual income, at US$1,204, may be among the lowest in the world, but KAE Alliance believes there are plenty of rich people in Myanmar who can afford a luxury condominium unit outside the country. After offering condos in Singapore in the Myanmar market, the real-estate agency yesterday unveiled some luxury condominiums in […]

Yangon Condominium Market Report 4Q 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Condominium Market 4Q 2014 Project launches increase despite weakening take-up rate Developers remained confident as project launches continued to soar in 2014, hitting a new record high of 4,150 condominium units, tripling […]

Serviced Apartment Market in Yangon 4Q, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Serviced Apartment Market 4Q 2014 Developers beginning to take interest over limited supply The total supply of serviced apartments grew meagrely in 2014, with only 30 additional units introduced. In the near […]

Reebonz Launches First Luxury Concept Store

Southeast Asia-focused online luxury sales company Reebonz said it has launched its new concept store in Myanmar to tap the burgeoning demand for designer products. The luxury retailer opened the store in Golden City, a Singapore-led luxury real estate development project in Yangon. Reebonz said by serving the needs of wealthy Yangonites it hopes to […]

AmaWaterways Celebrates Inaugural Voyage of AmaPura in Myanmar

On Nov. 24, 2014, AmaWaterways, the world’s leading river cruise line, celebrated the inaugural sailing of its new 56-passenger all-suite AmaPura. Kristin Karst, the line’s executive vice president and co-owner, met travelers in Yangon to embark on the ship’s sold-out maiden voyage along the Ayeyarwady River in Myanmar. “AmaPura offers travelers an ultra-comfortable, elegant experience, […]