HK’s H&Co, Mya Bay work on $200m realty project in Myanmar

Photo: H & Co Real estate holdings.

Hong Kong’s H & Co Real Estate Holdings together with a local partner, Mya Bay Development Company have commenced development of Platinum Pathein project –  that will work along highways connecting major tourist towns in Myanmar.

The project – to be developed at an estimated investment of $200 million – will include a three-star 155 room hotel, a plaza and some single family villas, according to iMyanmar House.

The mixed-use development will cover about 18 acres. For the second phase, the company plans to develop a chain of apartments, restaurants, gasoline stations and a car workshop.

Platinum Pathein will be about 45 minutes drive from Chaung Thar.

“The previous plan was to include three connected building apartments but the locals prefer separate buildings for residential units and shops,” said Win Win Khine, managing director of Mya Bay Development Co Ltd. He is also the founder of Khine Property Company.

iMyanmar House also facilitated sales worth K600 million, said the company.

The joint venture is also working on a luxury mixed use development named Mya Bay, to be located south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels and residential units. Mya Bay is expected to cover 1265 acres and also includes a mini city, a jetty, a golf course, a private hospital and a playground.

Also Read:

Yoma’s landmark property project in Yangon gets lease extension

Golden Glory targets $100m Singapore IPO for Myanmar property push

Myanmar Dealbook: Yoma’s Landmark project to start in 2016-end; FMI makes changes in BOD

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.