The housing units sales from the Peninsula Residences Yangon will be started, according to a release from the Yangon-listed First Myanmar Investment Company Limited (FMI) on March 26.
The project is a part of the $ 700 million Yoma Central mixed development project. The Peninsula Residences Yangon will include 96 residential units.
The Peninsula Residneces Yangon is being built on 10 acres site in downtown Yangon at the junction of Sule Pagoda Road and Bogyoke Aung San Road and is expected to be complete in 2021. Two Grade A towers housing offices and a commercial hotel will also be built together with a retail complex.
Yoma Strategic Holdings together with its partners, First Myanmar Investment Company Limited (FMI) and the Hong Kong and Shanghai Hotels (HSH) will start selling housing units from the Peninsula Residences Yangon.
The project is located at the junction of Sule Pagoda Road and Bogyoke Aung San Road. In addition, it is a restoration of the old Myanmar Railway headquarters which is the oldest colonial building in Yangon.
