Home MMBIZ News Yoma Unveils Third Phase of Star City Development

Yoma Unveils Third Phase of Star City Development

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.

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