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 […]

Yoma bucks the trend with big projects

Yoma Strategic Holdings has carved its own niche with large-scale township developments. It currently has three ongoing developments in Yangon’s outskirts, and one more large downtown commercial project planned. Yoma Strategic also won the award for Best Developer at the first Myanmar Property Awards held in Yangon last month. Cyrus Pun, executive director and head […]

FMI real estate takes first step outside Yangon with Nay Pyi Taw condo

Interest in Myanmar real estate is leading investors to expand beyond Yangon, as First Myanmar Investment (FMI) public company plans to expand nationwide, according to its chair Serge Pun. The prominent businessman unveiled plans for a 114-unit “Krisplaza condominium” in Nay Pyi Taw during FMI’s annual meeting on November 23. “This project will see us […]

Overlooked Dawbon drawing developers for location and price

Dawbon township has a reputation as a place to drive through, not a place to live in. Sandwiched between Thaketa township and the Pazundaung creek, and previously host to poor infrastructure links and constant flooding, at first glance it did not seem to have a lot going for it. But rising prices for Yangon real […]

Yoma Strategic Rides on Myanmar to Post Profit Bump

Singapore-based property conglomerate Yoma Strategic Holdings (YSH) has posted a tripling of its year-on-year net profit in the first quarter of 2014-15 fiscal year, thanks to valuation gains on its Myanmar projects. Revenue for the group rose 13.9 percent in the first quarter (Q1) of 2014-15 (ended June 30) to S$17.3 million ($13.9 million), it […]

Serge Pun Constructs A Real-Estate Empire In Myanmar

The road to Star City is a rutted two-lane highway that threads past the ragtag outskirts of Yangon, crosses two rusted bridges and ends, almost an hour later, at a slick showroom on a grassy riverbank. A roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the […]