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Yoma Investing In Yangon Mixed Use Project

Author: Bill Barnett. Category: Real Estate. Posted: 4th Jan 2013

One of Myanmar's largest real estate developments has seen a purchase an shareholding stake in a prime Yangon 10 acre parcel.

Signapore's Yoma Strategic Holdings along with key shareholder Sergie Pun are taking over a marjority stake in a local affiliate.

The project which is partly on a property which formerly houses railway headquatrers includes a 5 star hotel, four star hotel, service apartment, condominium and two office towers.

Media reports have part of the project funding coming from property pre-sales.

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