Colliers International Myanmar and Noble Twin Dragons Co., Ltd. (Ruby Dragon Group of Companies) entered an exclusive investment representation agreement for Pyay Tower and Pyay Residences. The upcoming mixed-use commercial and residential project sits on 2.16-acre freehold land, located in one of Yangon’s premium addresses.
Designed as a prime landmark development, the project is envisioned to host an iconic 18-level Grade A office tower, sitting on top of a five-level shopping mall. This will be supported by a 219-unit residential tower, branded as premium serviced apartments to be offered for lease and sale.
The developer (Noble Twin Dragons) behind the project is the upscale property arm of the Ruby Dragon Group of Companies. The group’s expansion into the real estate sector has capitalized on the property growth opportunities presented by Myanmar’s progressive strides over recent years.
To date, Colliers Capital Markets’ team in Myanmar has more than 60 investment listings across the country amounting to over $900 million worth of investment value, consisted largely of mixed-used projects, hotels, resorts, serviced apartments, as well commercial and industrial properties and land. Colliers also exclusively represent five properties the latest of which is Pyay Tower and Pyay Residences.