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Yoma Strategic posts strong Q3 results, shares dip

Yoma Strategic Holdings, which does business in Yangon but is listed in Singapore, on Tuesday released its financial statements for the nine months ended December 31, 2017. The company drew revenues amounting to S$82.9 million for the period, which is up 24.3 percent over the same period last year. Owing to the disposal of its […]

Real Estate Sector to Pick up on Back of Foreign Demand

Demand in the Myanmar real estate market is expected to pick up in 2018 now that the rules to the new Condominium Law have been released. Under the new rules, property investments by foreigners are expected to spike, said U Aung Naing Oo, secretary of the Myanmar Investment Commission. The rules, which were released in […]

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 […]

Bouygues, Kajima, Taisei win $1.1bn of Work in Myanmar

While international attention is focussed on the plight of more than 800,000 Rohingya Muslims forced from their homes in Myanmar’s Northern Rakhine state and sheltering in refugee camps in Bangladesh, the increase in foreign investment into Myanmar continues, leading to a rush to build modern office complexes in Yangon, the country’s commercial capital. Today it […]

Colliers Property Report: Yangon Upper-Scale Hotel Q2 2017

Creative Solutions Needed In a Challenging Market Landscape The sizeable rise in new supply is now taking a toll on Yangon’s upper-scale hotel market. Despite previous attempts to reduce ADRs, occupancy levels continue to trend downward. Colliers recommends developers to rethink with creative strategies and focus instead on enhancing the overall experiential value. Forecast at […]

Threatened treasures

Smart urban policy planning with an eye on preserving Yangon’s colonial-era and heritage buildings will determine the city’s future – and tourism appeal, writes Xinyi Liang-Pholsena In a region that has lost much of its architectural heritage, Yangon stands out for its intact colonial core, due to years of neglect and stagnancy under the military […]

Peninsula hotel owner plans to expand residential investment overseas

Hongkong and Shanghai Hotels, which owns 10 Peninsula hotels around the world, plans to expand its overseas residential developments for sale in a bid to finance part of its hotel expansion and bolster revenue. The group aims to include residential developments in London, Yangon in Myanmar, and possibly Bangkok. “It helps the investment we have […]

Luxury hotel agreement signed for former MR headquarters

Hongkong and Shanghai Hotels Limited and Yoma Strategic Holdings Ltd.,have signed an agreement to convert the former Myanmar Railways headquarters in downtown Yangon into a luxury hotel, they announced in a joint news release. The shareholders’ agreement to restore the former MR headquarters on BogyokeAung San Road into a hotel to be called The Peninsula […]