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Posted: 04 Jan 2013 | 6:00 am
One of Myanmar's largest real estate developments has seen a purchase an shareholding stake in a prime Yangon 10 acre parcel.
Signapore's Yoma Strategic Holdings along with key shareholder Sergie Pun are taking over a marjority stake in a local affiliate.
The project which is partly on a property which formerly houses railway headquatrers includes a 5 star hotel, four star hotel, service apartment, condominium and two office towers.
Media reports have part of the project funding coming from property pre-sales.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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