FMI and Yoma Strategic had launched Yoma Land, the new umbrella brand under which the enlarged Yoma Group’s Real Estate businesses will sit. The Yoma Group’s Real Estate businesses unified under the Yoma Land brand include StarCity, Yoma Central and Pun Hlaing Estate. The Yoma Group’s corporate vision for Yoma Land, is “Building Better Communities for the Future of Myanmar”. This statement sets Yoma Land’s course for the coming years where it will venture into mass-market product offerings with the intention of catering to a much larger proportion of Myanmar’s population.
StarCity is a 135-acre residential development in Thanlyin Township and the only large-scale residential development near the Thilawa Special Economic Zone. StarCity is being developed in phases and is expected to feature some 10,000 homes and 1.7 million square feet of commercial space upon completion. To learn more about StarCity, please visit their official site: https://starcityyangon.com
Yoma Central is an integrated real estate development in downtown Yangon with a total gross floor area of approximately 2.44 million square feet. It will feature The Peninsula Residences Yangon, two Grade A office towers, a business hotel and serviced apartments tower. The site will also be anchored by the former headquarters of the Burma Railway Company, which will be restored into The Peninsula Yangon, a luxury hotel that will bring a new level of distinction to the Myanmar hospitality scene.
Yoma Group had also expanded its real estate offering with City Loft, a new division of modern affordable housing that targets the underserved middle-income market in Yangon. Until recently, Myanmar banks had provided a limited offering of mortgages for up to 5 years. With the lack of financing options and the high cost of housing, new home ownership has traditionally been out of reach for most of Myanmar’s population. City Loft is designed to bring quality apartments at an accessible price point. City Loft also arranges favourable mortgage repayment terms of up to 25 years with domestic banks which allows for a larger proportion of Myanmar’s population to own a new home. The first City Loft development will be built on a 22-acre master-planned site at StarCity (“City Loft @ StarCity”).