Yoma Land, a part of the Serge Pun and Associates group (SPA), has launched new housing units called City Loft. The project that caters to the middle-income market is located at Star City, Thanlyin. According to a report in Myanmar Business Today, City Loft aims to combine “a competitive price point with mortgage repayment terms of up to 25 years”. It enables middle-income earners to buy their own homes.  This has for long been a challenge in Myanmar’s challenging housing market. “[A] lack of financing and the relatively high cost of housing, new home ownership has traditionally been out of reach for most people,” Serge Pun was quoted as saying in the article. “Yoma Land’s favorable mortgage and deposit arrangements will change this, allowing young working professionals to get on the property ladder and secure their financial futures”. City Loft is to be built in phases, with the first phase to be completed in the first quarter of 2020.