Singapore Myanmar Investco reports encouraging initial retail results at Yangon International Airport

Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty […]

Urban Landscape: Yangon — A Missed Investment Opportunity?

WE were fortunate to be among the first real estate consultants to do business in Myanmar. Since 2012, we have seen a rapid transformation of the urban landscape in Yangon. During a recent trip to conclude a consultancy work for a Japanese client, we are glad to see some of our earlier consulting work completed […]

Junction City Becomes Yangon’s Latest Addition

Junction City, one of downtown Yangon’s high-end real estate projects, has been completed and is now officially opened. The developer, Shwe Taung Group, started the construction in 2014. Phase one of Junction City is located at the junction of Bogyoke Aung San road and Shwedagon Pagoda road in the city’s central business district. The total […]

Keppel Land to jointly develop Yangon serviced residences

KEPPEL Land on Wednesday said that it has signed a conditional joint venture agreement with Burmese conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City. This is a mixed-use development in Yangon’s central business district. Keppel Land’s investment in this next phase will be about US$48.6 […]

Shwe Taung launches $300m project in downtown Yangon

Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to emerge as a viable partner in the eyes of many international investors. Junction City, designed by DP Architects from Singapore, will include a five-star hotel […]

Keppel Land strengthens portfolio in Yangon with the topping up of Sedona’s new wing

Expanding its hospitality business to meet rising demand from businesses and tourism, Keppel Land will add another 420 rooms to its Myanmar portfolio as the new wing of its Sedona Hotel Yangon progresses on track towards completion Keppel Land Limited (Keppel Land) is building on first mover advantage in Myanmar as it expands its hospitality […]

Myanmar offers golden opportunities but risks abound

Myanmar has attracted a surge in visitors and investors over the past three years as the country opens up to the world after decades of isolation. The increase in the number of foreign companies and individuals in Yangon has resulted in a sharp rise in property prices and rents. While some assets are overpriced, there […]