Yoma Strategic to sell Myanmar apartments in Yangon, Mandalay, Singapore

Yoma Strategic Holdings has put up 433 apartments for sale at its Star City residential development situated on a 135-acre site in Thanlyin Township in Yangon.

They are available to the public for purchase from Nov 23, with simultaneous booking of units at three locations in Yangon, Mandalay and Singapore.

"A large number of potential buyers are already on the waiting list for these very affordable newly-released apartments, and we expect a quick take-up rate since this is the last opportunity to purchase units in Zone B," said Mr Elmar Busch, managing director of Yoma Strategic's real estate division.

The new units are located in buildings B-3 and B-4, and are the last units available in Zone B at Star City.

Zone B is the second phase of the estate which Yoma Strategic commenced construction on in April this year, and which it aims to complete by the first quarter of 2016.

Among the tenants that have signed up for the commercial space at Star City are restaurants, a supermarket and banks.

They are expected to be operational in the next few months.