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City Loft apartment sales gallery opened to the public

Yoma Land has just opened the City Loft @ StarCity Sales Gallery to provide apartment buyers an opportunity to view properties. City Loft @ StarCity is being built on a 22-acre master-planned site at StarCity in Yangon’s Thanlyin Township. The project is said to target the underserved middle-income market in Yangon and combines a competitive […]

City Loft opens for sale on the back of rising demand for Thanlyin property

Units of City Loft apartments in Thalyin, Yangon, are now open for sale. Developed by Yoma Land Company, the project targets middle-class buyers. City Loft will occupy 22 acres of land in the StarCity compound in Thalyin, another project developed by the Yoma Land. Phase 1 of the project, which is expected to be complete […]

Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]

FMI ventures into affordable housing

First Myanmar Investment (FMI) will be investing in the affordable housing sector in a bid to offset falling revenue from its construction businesses, FMI chair Serge Pun said during the firm’s 26th annual general meeting, held at the Yangon National Theatre, on July 29. He said the domestic property sector has no demand as those […]

Demand from education providers jolts real estate market

The Yangon real estate sector has received a much-needed boost from an unlikely source: education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because education investors find leasing or buying condominium or […]

Yoma Strategic unveils new plans, new name

The family-run holdings company behind Yangon luxury developments Pun Hlaing Estate, StarCity and Yoma Central announced on June 26 that the real estate portion of their business dealings will be rebranded under the name Yoma Land and that they will also be delving into “mass market product offerings.” While Yoma Land Managing Director Cyrus Pun […]

Yoma Strategic rebrands to expand property business

YOMA STRATEGIC Holdings Ltd announced yesterday the launch of Yoma Land, a property-focused company that will unify all their real estate projects in Myanmar, according to Cyrus Pun, the firm’s managing director. Speaking to a small group of invited journalists, Pun said, “By grouping all our real estate projects under one umbrella brand, one identity […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

Yoma Throws Weight Behind Office Space Demand and Urban Development

A great many metropolises in Asia are defined by their skyscrapers — one only has to think of the Petronas Towers in Kuala Lumpur and Lord Norman Foster’s HSBC headquarters in Hong Kong. But while high-rise building lace the skylines of major Asian cities like Singapore, Jakarta and Bangkok, Yangon stands as an exception. Last month, […]

Yoma Strategic Holdings profits drops 5.8% to $3.7m in Q2

Blame the lack of a $14.7m fair value gain from their telco towers investment. Yoma Strategic Holdings’ (Yoma) profits crashed by 56.8% YoY to $3.7m in Q2. According to OCBC Investment Research, there was an absence of a $14.7m fair value gain on the telecommunications towers investment which was recognised in Q2. Revenue grew 32.9% […]