Ownership Stake: 50%
Year Invested: FY 2014-2015
LSC-FMI is a joint venture real estate project between FMI, Krislite Pte. Ltd. and Lighting Specialist Co., Ltd.
The project, named KrisPLAZA, will be the first high-end apartment complex in Naypyitaw, spanning 1.25 acres of prime land in the nation’s capital. The development is located close to government and ministerial offices, and is also near three hospitals, the Jade Museum, golf courses, the hotel zone and Tha Pyay Gone Market. The two-tower, 10-storey development will include 114 apartments, a basement car park, swimming pool, retail plaza and Yoma Bank’s regional headquarters.
The joint venture development combines the international design expertise of ID Architects and local knowledge of Edgewise Architects with the construction experience of CTMCC-THE. At a total cost of approximately US$24 million, construction is scheduled to commence in early 2015 with completion earmarked for the third quarter of 2016.
Kyaik Khauk Pagoda Road
Ph: +95 (0)56 23150 | 23151 | 23152 | 23153