In a recent announcement, Mottama Holdings Limited has released information revealing nine new major projects valued at US$1 billion. According to the announcement, expected completion for all nine projects is 2022. 

Established in 1997, Mottama Holdings, a Yangon-based company owned by Myanmar-Chinese entrepreneur U Yang Ho, new projects will comprise residential apartments, office towers, shopping malls and public recreational centres.

The following six projects are already underway:

• M Tower on Pyay Road,
• Min Residences on Mindhama Road,
• Mottama Centre,
• Kandawgyi Park Aquarium,
• Harbour Trade Tower on Strand Road,
• HL Tower on Pyay Road

Construction on the remaining three projects is expected to commence next year:

• Mottama Business Tower on Mindhama Road,
• Bonnamy Tower on Kyaik Wine Pagoda Road,
• M Green Apartments, an affordable housing project in Yangon's Mingaladon township

Out of the nine projects, four are undertakings with international partners (M Tower, Min Residences, Mottama Centre, M Green Apartment), and the remaining five are domestic partnerships.

Mottama Chair, U Yang Ho has said the company will focus urban development in downtown Yangon.

Among the new projects, Myanmar's most major redevelopment will be the $2.5 billion Yangon Railway Station, estimated to be Myanmar's largest joint venture (JV) investment project under the National League for Democracy-led government, and will take an estimated eight years to complete. 

In February, The Central Transport Development Consortium (CTDC) was selected as the preferred bidder to redevelop the 25.7 hectares (63.5 acres) site of Myanmar's commercial capital.

Mottama Holdings is also a member of the consortium.

Source: Mottama Holdings Limited, Myanmar Times 

This article was previously published on Mingalar Real Estate Conversation.

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