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 […]

Singapore Firms Wary About Rushing Into Myanmar

The expected wave of investment from Singapore firms venturing into Myanmar following the nation’s reforms has not occurred, mainly due to wary companies waiting for clearer policy direction. Many thought the rise to power of Ms Aung San Suu Kyi’s National League for Democracy (NLD) a year ago would trigger the piling of investors into […]

BRT Lite Share Sales Re-start

Yangon Public Bus Company – operator of the new Bus Rapid Transit (BRT) Lite bus routes – has started a second round of shares sales, while the government has extended the application deadline for firms interested in rolling out the BRT system city-wide. The government set up Yangon Public Bus Company last year, using a […]

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 […]

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 […]

15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

New location for cancelled Shwedagon project

  The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]

Foreign developers go all-out for commercial complexes in Yangon

As one of the poorer countries in ASEAN, Myanmar’s property market is not quite as well-developed as some of its Southeast Asian neighbours, but it is slowing catching up as a new wave of foreign commercial development in Yangon, the country’s biggest city, is on the rise, reports Nikkei Asian Review. Notable developments in the […]

Microsoft seals murky Myanmar deal

IT giant Microsoft has signed an agreement of cooperation with Myanmar’s notorious Shwe Taung Group. In September, Microsoft also went into a partnership with the Kanbawza Group which has businesses ranging from precious minerals to banking. Greeting the news of the second-largest venture signed by Microsoft in Myanmar, the Financial Times carried the headline: “Microsoft […]

Myanmar card payments on the rise as MPU widens network

Card payments in Myanmar are set to rise over the next few months as local shops and supermarkets sign up to Myanmar Payment Union, signalling the beginning of a shift in one of the world’s last cash-based economies. MPU got off to a slow start when it launched in 2012, but with the rise of […]