Yoma unveils third phase of Star City Development

Rendering of Galaxy Tower (visual from company website)

Yoma Strategic Holdings Ltd has unveiled new residence towers in its flagship development project located in Thanlyin township in the outskirts of Yangon.

Sales for the “Galaxy Towers”, the third phase of the Star City estate, launched on February 14 following the sales of the project’s Zone A and B units.

The Singapore-listed conglomerate said construction of Galaxy Towers has started and completion is targeted for summer 2017.

Galaxy Towers is comprised of six 25- and 28-storey buildings. The development’s 954 apartments are a mix of one to four bedroom layouts from 728 to 2,200 square feet. The developer said it aims to provide residents in every unit to enjoy piped-in propane gas for the first time in Myanmar, subject to authorities’ approval.

“With a waitlist of over 200 interested homebuyers and investors, we are confident apartments in Galaxy Towers will sell quickly,” said Elmar Busch, co head of Yoma Strategic’s real estate division.

A new international school by British College Yangon, managed by Dulwich College International with Dulwich College in London as educational adviser, is under development inside the Star City project and scheduled to open autumn 2016.

The facility will have the capacity to accommodate 1,500 students from age 2 to 18 years of age.

Scheduled to open with the completion of all six towers, the Clubhouse at Galaxy Towers will be the social hub of the community. The facilities will include a gym, pool, kid’s club, spa and rooftop bar.

Source:Content sharing agreement with Myanmar Business Today

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. 
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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.