Keppel Land divests Sedona Hotel Mandalay

KEPPEL Land has entered into a conditional sales and purchase agreement to divest its entire stake in Wiseland Investment (Myanmar) – which owns Sedona Hotel Mandalay – to Eden Hotels and Resort Co for US$41 million. The divestment, which comes on the heels of Keppel Land’s investment in Junction City Phase Two in Yangon, is […]

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 […]

Singapore brand flying high in Yangon

Yangon may be a three-hour flight and nearly 2,000 km away from Singapore – but it’s difficult not to feel the Lion City’s growing presence in Myanmar’s largest city and its thriving commercial centre. When I landed at the city’s international airport on Monday and made my way to the immigration counters, I spotted a […]

Singapore carriers exploring possibility of multi-city flights within Myanmar

YANGON – Singapore is looking to introduce multi-city flights within Myanmar by its carriers Singapore Air or Silkair, as part of a series of ways the two countries can cooperate more closely. PM Lee Hsien Loong gave these updates on Wednesday (June 8) at a reception with Singaporeans in Yangon at Sedona Hotel, built by […]

Keppel Land builds up Myanmar presence with expansions

Keppel Land is strengthening its hotel and commercial portfolio in Yangon, Myanmar’s rapidly developing leading city. The Singapore-listed property firm yesterday held a topping-off ceremony for its joint venture project, Junction City Tower, which is being developed jointly with Myanmar-based construction company Shwe Taung Group. Keppel Land holds 40 per cent of the project with […]

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 […]

Singapore developer to buy 40% stake in Yangon office tower

YANGON — Singapore-based developer Keppel Land will buy a 40% stake in a multi-use tower going up here from Myanmar-based Shwe Taung Group. The 23-story tower will be completed in 2016. It will house offices, a five-star Pan Pacific Hotel, a shopping center and residential units. The tower is located in the city’s center, along […]

Hoteliers hope to get slice of expanding market in Myanmar

YANGON: Myanmar is in urgent need of more quality and affordable hotel rooms to meet its forecast of attracting over three million tourist arrivals in 2015 and 7.5 million international visitors by 2020. By the end of 2013, it is expecting to welcome two million visitors. By the first quarter of 2016, Sedona Hotel Yangon […]