Daily Archives: December 24, 2020

This week Metro would like to introduce you to the Lucky Square Condo Project, which is located on Kyaik Khauk Pagoda Road at the end of Thanlyin Bridge. It’s a place that’s attracted much investor interest, and promises to be a top venue for business and leisure in the city. Located just across the Yangon River, Lucky Square is a convenient distance from the downtown area but far enough away to maintain a relaxing and quiet suburban feel. Two types of condo designs are available, and both have access to the adjoining shopping center. Buyers can choose from apartments which include either two or three bedrooms, and prices vary according to unit size and location within the complex.

The condo project contains a total of 228 apartments, and the price per square foot will start from around K110,000. Individual units range from around 1,000 to 1,855 square feet. The condo includes high-end facilities such as swimming pool, gym, 24-hour security, a function room, BBQ area, bar and lounge, as well as access to free wi-fi and TV channels. As with all modern condos in Myanmar these days, residents no longer need to worry about blackouts with a backup generator always on hand. The adjoining shopping mall provides all the shopping essentials to make condo living convenient, also offering resident plenty of options for dining-out.

Moreover, spacious car parking is also included, and a drive to the city will take less than ten minutes across the nearby Thanlyin Bridge. The project is also close to Thilawa SEZ, as well as many cultural attractions south of the river – such as the ethnic village, Portuguese church and Kyauktan Pagoda. The real estate prices for Kyaik Khauk Pagoda Road in Thanlyin township start from K17,000 per square feet for the current financial year. This price factors in the current down-trend in the market, making down estimates by 25 pc from last year. However, Thanlyin township continues to see a healthy degree of sustained investor interest, with nearby condo and industry projects still tabled for completion in the coming years.

Source: Myanmar Times

Union Minister for Investment and Foreign Economic Relations and Myanmar Investment Commission Chairman, U Thaung Tun provided a comprehensive update on recent reforms to Myanmar’s investment environment via a video message to the high-level virtual event jointly organized by the ASEAN-Japan Centre and the Myanmar Embassy in Tokyo, supported by the Myanmar Ministry of Investment and Foreign Economic Relations (MIFER) and the Japan International Cooperation Agency (JICA). Mr Masataka Fujita, ASEAN-Japan Centre Secretary-General launched the event with welcoming remarks. U Soe Han, Myanmar’s Ambassador to Japan then delivered a keynote speech during which the Ambassador noted that Myanmar’s natural environment has huge potential for the production of agriculture and fisheries. He added that as more than 70% of the country’s population live in rural areas and engage in the agricultural sector, it would be advantageous for investors to invest in agriculture.

The Union Minister said in his message to the Webinar a comprehensive overview of recent reforms undertaken to improve Myanmar’s investment environment, including an analysis of new investment opportunities made possible by Myanmar’s signing of the Regional Comprehensive Economic Partnership (RCEP) last month. The Union Minister highlighted the important contribution Japan has been making to our nation’s development efforts – from infrastructure to industry, from transport to tourism, from energy to environmental sustainability. He welcomed Japan’s commitment to the development of the Dawei Special Economic Zone. He also informed the meeting of Myanmar’s intention to set- up a Special Economic Zone in Mon State, pointing out the strategic location of the state in the Greater Mekong East-West Economic Corridors.

Mr Noriji Sakakura, Chief Representative of Japan International Cooperation Agency (JICA) presented Japan’s projects on technical cooperation, economic reforms, financial support and loan assistance in Myanmar. U Sett Aung, Deputy Minister of Planning, Finance, and Industry, and U Aung Naing Oo, Permanent Secretary of MIFER responded to questions posed by the participants. It is learnt that over 380 local and foreign participants including senior officials from MIFER and the Japan International Cooperation Agency (JICA) took part in the event.

Source: The Global New Light of Myanmar