{"id":17890,"date":"2016-06-28T12:47:06","date_gmt":"2016-06-28T05:47:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/huge-luxury-developments-to-change-yangons-riverside-skyline-forever\/"},"modified":"2016-06-28T12:50:39","modified_gmt":"2016-06-28T05:50:39","slug":"huge-luxury-developments-to-change-yangons-riverside-skyline-forever","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/huge-luxury-developments-to-change-yangons-riverside-skyline-forever\/","title":{"rendered":"Huge luxury developments to change Yangon\u2019s riverside skyline forever"},"content":{"rendered":"


\nSeveral high-rises have been announced in Yangon, providing stark contrast to neighbouring slums
\nYangon riverside (Image credit: TripAdvisor)
\nHlaing Tharyar is the largest of the townships in the Burmese capital of Yangon. It also has the singular cachet of having Myanmar\u2019s largest squatter area.
\nThis poverty stricken area is in for a shake-up, however, with huge riverside development plans announced.
\nThe Myanmar Times reports that Toener Investment Group from Hunan, China have teamed up with Burmese property developer SMI Real Estate to erect luxury condominium blocks, some reaching 31 storeys, across the township by 2020.
\nDubbed \u2018Riverfront Garden,\u2019 the project will have seven of its 13 buildings facing the Hlaing River, featuring big picture windows for taking in the riverside panoramas. The project is being promoted as the first international-standard condominium project by the river.
\nConstruction for the first two towers, which will cover 1,800 units ranging in size from 558 square feet to 960 sq ft, will begin in July.
\nMore: Myanmar to grow the fastest in Asia-Pacific this year
\nRiverfront Garden will follow Toener\u2019s other joint venture in Yangon, a group of high-rises called Kanbae Towers, in the Yankin township.
\nChina is part of a larger intra-regional interest that has been growing in Myanmar since the country elected its first civilian government in decades. In March, Myanmar Property Awards 2016-nominated\u00a0Hoang Anh Gia Lai Group (HAGL)\u00a0launched a USD230-million project in Yangon.
\nLast year, the Vietnamese property developer opened Hoang Anh Gia Lai Myanmar Centre, a USD440-million hotel, office, and residential project in downtown Yangon.
\nAmerican interests may not be far behind. In May, the US government partially lifted economic sanctions on Myanmar, originally promulgated against the country\u2019s then-ruling military junta.
\nUnder relaxed sanctions, American businesses are now free to transact with government-owned banks and at least seven companies that were previously on the blacklist of the US Department of the Treasury.
\nRead next: The story of Serge Pun: Myanmar\u2019s 2016 Real Estate Personality
\nYangon will host the next Property Report Congress on 30 June 2016 at the Sule Shangri-La Yangon. The whole-day conference Property Report Congress Myanmar is a dedicated, high-level forum for industry leaders, VIPs, and real estate professionals to discuss how to continue driving growth and excellence in one of the world\u2019s emerging real estate markets.\u00a0For tickets, partnerships and enquiries, visit the\u00a0website\u00a0or contact\u00a0Amy@propertyguruinternational.com.
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\nSource : property-report.com
\nRead more…Huge luxury developments to change Yangon\u2019s riverside skyline forever<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Several high-rises have been announced in Yangon, providing stark contrast to neighbouring slums Yangon riverside...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17890","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4Ey","jetpack-related-posts":[{"id":21332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yangon-high-rise-projects-up-in-the-air\/","url_meta":{"origin":17890,"position":0},"title":"Yangon high-rise projects up in the air","date":"July 29, 2016","format":false,"excerpt":"\r Myanmar government officials are up in arms over a review of high-rise projects in Yangon A busy day in Yangon. 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