Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar

The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township. Hoang Anh Gia Lai (HAGL) Group is one of the leading real estate companies in Vietnam that focuses on the development of residential and commercial real estate in many principal economic […]

Serviced Apartment Market in Yangon 1H, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Serviced Apartment Market 1H 2015 Rising investment interest for serviced apartments observed Serviced apartment supply was unchanged since the completion of Inya Myaing and the Residence@26 in 4Q 2014. Additional stock in […]

HAGL’s Phase One Goes Live with Trade Centre, Office Towers and Hotel

Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) Group has announced the completion of Phase-1 of its $440-million HAGL Myanmar Centre project in Yankin township in Yangon. The first phase includes a trade centre, two 27-storey office towers and a five-star 23-storey hotel with 429 units. HAGL said the second phase of the project is expected […]

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 […]

Rowsley, HAGL Bow Out of $550-Million Myanmar Joint Venture

Rowsley Limited and Hoang Anh Gia Lai Joint Stock Company said the firms have mutually agreed not to proceed with the proposed joint venture regarding HAGL Myanmar Centre in Yangon. Singaporean real estate developer, architectural and engineering consultancy firm Rowsley in February said it will invest $275 million for a 50 percent stake in a […]

S’pore realty developer acquires 50 percent stake in Vietnamese counterpart: report

Singaporean real estate and investment firm Rowsley Co. Ltd. has reached a deal to own a 50 percent stake in a Vietnamese company developing a complex worth over half a billion U.S. dollars in Myanmar, according to The Straits Times. Rowsley, partly owned by billionaire Peter Lim, who is one of the richest people in […]

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 Tender Alert. We send out email alert on Tender and EOI as it happens. 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 […]