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.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …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, …
Myanmar in the Media
- Myanmar junta chief to make first China visit since seizing powerSource: Voice of America East AsiaNovember 4, 20241 day ago
- War makes it harder to hold journalists’ killers accountable, experts saySource: Voice of America East AsiaNovember 2, 20243 days ago
- Alleged leader of Rohingya smuggling gang arrestedSource: Bangkok Post Top StoriesNovember 2, 20243 days ago
- Junta airstrikes lay waste to civilian lives in Myanmar’s Karenni StateSource: Voice of America East AsiaNovember 1, 20245 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss