[TodayIR] YOMA: Launch of New Apartment Units at Acclaimed - Star City –
Yangon, Myanmar, 21 November 2013 – Yoma Strategic Holdings Ltd., (“Yoma
Strategic”) (祐玛战略控股有限公司), a leading business corporation with real
estate businesses in Myanmar, is releasing 433 new apartment units at its
illustrious Star City residential development situated on a 135-acre site in
Thanlyin Township in Yangon.
The exclusive residential units are available to the public for purchase on 23
November from 10am Yangon time, with simultaneous booking of units at three
locations – Star City’s Singapore sales gallery, Yangon Thanlyin sales
gallery, and the Mandalay Hill Resort Hotel in Mandalay.
“A large number of potential buyers are already on the waiting list for these
very affordable newly-released apartments, and we expect a quick take-up rate
since this is the last opportunity to purchase units in Zone B,” said Elmar A.
Busch, Managing Director of Yoma Strategic’s real estate division. The new
units are located in buildings B-3 and B-4, and are the last units available
in Zone B at Star City. Zone B is the second phase of the estate which Yoma
Strategic commenced construction on in April this year, and which it aims to
complete by the first quarter of 2016.
Offering an unrivalled estate management programme in Yangon, Star City’s
"community within a community" concept is the first of its kind in Myanmar,
allowing residents to avail themselves of a full range of features and
services managed by Yoma Strategic’s estate management division. Leading
commercial retail, restaurant, supermarket and bank operators have signed
leases at Star City, and are expected to be operational in the next few
“We are delighted to be on our way towards completing the second phase of the
development and to offer new units in Zone B at this time. The sale of these
new units has been brought forward on the back of strong and rising demand far
exceeding expectations,” said Mr. Busch. “All apartment units launched in Zone
A have been sold out, with over 1,000 apartment units purchased in slightly
over a year. Many homeowners have started moving in and the elegant and green
environment of Star City is one of the focal points in this location which is
approximately 25 minutes from downtown.”
Quality Estate Management at Star City
Star City provides an unparalleled service ensuring that the estate is in
optimal condition and continuously adding value to a buyer’s investment.
Conveniences include 24-hour security, public area housekeeping and a service
centre which manages the needs of residents, from simple repairs to renovation
arrangements. Landscape upkeep and a flood management system are also in place
to ensure that the environment remains well-maintained and attractive.
Additionally, Star City’s infrastructure addresses the need for reliable power
and clean water as it includes back-up power provided by generators and
treated water systems using potable bore water.
Other distinctive features of Star City include regularly-scheduled shuttle
services to and from central Yangon and shopping trips to popular retail
centres. City Mart, one of Myanmar’s largest supermarket chains, is scheduled
to commence operations in Star City in early 2014. With a wide range of
international, local and premium products available, residents need not leave
the comfort and convenience of their community to access a full range of the
finest and freshest items. Residents will also have full access to Star City’s
65,000 square-foot health club scheduled to open in early 2016.
The 23 different types of apartment suites at Star City residences offer a
selection of size and design, from 642 square feet to 3,374 square feet of
living space; offering either a spectacular river view, court yard view or
lake view. Prices start at US$80,000 for a one-bedroom to around US$450,000
for the largest four-bedroom apartments.
Zone B of Star City is constructed by renowned global infrastructure
conglomerate Bouygues S.A., through the joint venture between SPA Project
Management Pte. Ltd. and Dragages Singapore Pte Ltd., BYMA Pte. Ltd.
Go to the following link for more information about Star City:
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