Yoma Strategic Holdings Ltd announced the launch of Yoma Land, a property-focused company that will unify all their real estate projects in Myanmar. The firm will continue to implement luxury residential buildings as well as to explore new opportunities to accommodate more “mass market housing”, bringing home ownership to many more people.

As of March 31, the firm has sold more than 2,000 apartments in its StarCity, large-scale residential development near the Thilawa special economic zone. Galaxy Towers, which is in the third phase of development, has six residential towers with 1,038 apartments available for sale.

It also aims to fully complete another mixed use development in downtown Yangon within three years. It will feature the Peninsula-branded luxury residences which will include two Grade A office towers, a hotel, serviced apartments and a retail podium. The site will be anchored by the former headquarters of the Myanma Railways Company which will be restored into a luxury hotel named The Peninsula Yangon.

Source: Eleven Media

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