Luxury Japanese real-estate complex called out for funding military

Luxury Japanese real-estate complex called out for funding military

Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, Japan has joined other G7 economies in condemning the coup and the Myanmar security forces’ use of violence against peaceful p
Amata eyes Myanmar market growth

Thai development giant freezes project

Amata, one of Thailand’s largest real estate developers, has frozen a USD 1 billion Yangon project amid the political turmoil. Construction on the planned 2000-acre site began in December, but Amata marketing chief Viboon Kromadit announced tha

Investment minister outlines major Yangon developments

In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp

Yoma Land announces two Yangon developments

Yoma Land, a subsidiary of Yoma Strategic Holdings, will add two high-value projects to its Yangon real estate empire: a commercial expansion of the Thanlyin-based Star City and a new residential site elsewhere in the city. The Star City expansion, c

Japan’s Aeon to build Myanmar’s biggest mall

Japanese retail giant Aeon will invest USD 180 million in what will be Myanmar’s largest shopping mall. The new indoor retail complex will occupy a site of 72,000 square meters, according to the Nikkei Asian Review. Aeon’s Myanmar partner
Real-estate sector suffers from Covid-19 outbreak

Real-estate sector suffers from Covid-19 outbreak

According to two reports recently released by Colliers International, a real-estate consultancy with office in Yangon, both retail and office markets are suffering from the waves brought about by the Covid-19 outbreak. For the retail market, the repo