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Singaporean real estate firm to build housing project in Yangon

Singaporean real estate firm to build housing project in Yangon
The Golden City advanced housing project, including 9 buildings of 33-storey high-rise apartment blocks, will be constructed over the next 4 years at the site of the old Central Military Account building in Yankin Township, Yangon Region. “We invested $85 million in the advanced housing project,” said Alex Zhu, Chai
The Golden City advanced housing project, including 9 buildings of 33-storey high-rise apartment blocks, will be constructed over the next 4 years at the site of the old Central Military Account building in Yankin Township, Yangon Region.

“We invested $85 million in the advanced housing project,” said Alex Zhu, Chairperson of Golden Land Company.

500 of the 1,200 apartments are now being sold to the public for between $ 250 and $ 300 per square foot.

“The project includes a tower to open business offices and a service center, a 5-star hotel and a shopping mall where customers can buy international brands. But we are separating the business center from the housing apartments. So the business people can't go to the housing apartments,” added Zhu.

The area of the Golden City advanced housing project is 33,977 sqm. At present, the public who are living in high-rise apartments are facing difficulties parking their cars. So a car park, which is expected to accommodate nearly 2,000 vehicles, will be part of the project.

The Golden City advanced housing project is being run as a joint venture between UGP Company from Singapore and the Jewellery Luck Group.
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