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Yangon developer looks to cash in on loop line improvements

YANGON — The Japanese trains trundling along the line that loops around Myanmar’s commercial capital, Yangon, are a throwback to an earlier era and a far cry from the modern carriages that whiz through Tokyo. But improvements to the Yangon Circular Railway are likely to speed things up a bit, starting this year, and they […]

Kajima takes on $400m urban development project in Myanmar

TOKYO — General contractor Kajima will sign up for a 45 billion yen ($398 million) urban development project in Yangon, building offices, hotels and other facilities in bringing its city planning expertise to Myanmar. A contract with the Ministry of Construction will be inked Saturday. The build-operate-transfer arrangement will give the Japanese company control of […]

Ground broken on massive mixed-use complex in Yangon

YANGON — Construction began here Thursday on a roughly $700 million project led by Myanmar real estate developer Yoma Strategic Holdings and Japanese trading house Mitsubishi Corp. The commercial-residential complex will be the largest real estate investment in Myanmar since the civilian government took over last March. A Peninsula hotel, the luxury chain run by […]

Pun-Backed Project At Yangon’s Colonial Railway Building Wins ‘Milestone’ Government Approval

​​ The Myanmar In­vestment Com­mission (MIC) has given approval to a mixed-use mega project at the heritage listed My­anmar Railway Company building in downtown Yangon. The Landmark Devel­opment, as it’s known, is divided into two parts. The redevelopment of the colonial era Myan­mar Railway Company building into the five star Peninsula Hotel Yangon and a […]

Mitsubishi Consortium to Build Yangon Complex

TOKYO — A Japanese consortium that includes developer Mitsubishi Estate and trading company Mitsubishi Corp. will build a commercial complex in Yangon in partnership with local developers. The project, in a country often referred to as Asia’s last frontier, includes two office buildings, condominiums and a hotel and services unit on a 4-hectare site in […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]