Yangon Metropolitan Development Public Co., Ltd (YMD) invited both local and foreign investors to submit the Expression of Investors (EOIs) for housing projects in Yangon

Yangon Metropolitan Development Public Co., Ltd has invited a submission to Express of Interests from both local and foreign investors who might be interested in investing in the second phase of Pyidawthit Housing project in Pazundaung Township in Yangon.

The second phase of the project will include a shopping mall, condominium and office tower interested investors must submit the EOIs by April 2.

The project is being implemented by Yangon Metropolitan Development Public Company Limited-YMD founded by Yangon Regional Government and Myanmar Developer Association.

At the first phase of the project on over 4 acres of land, a 12-story residential building will be built in two years, once finished the shopping mall, office tower and parking lots will be built.

The developer of the project has provided funds to the families living in the old housing on the project area, they have provided funds so the families can move to other places while the new building is being constructed. The current building was built and leased by the government around 60 years ago.

The Yangon Regional Government is implementing the project by replacing the old buildings with new ones, they include Pyidawthit Housing, lamadaw Housing, Gyogone Housing and Yankin Housing.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/ymd-invites-eois-local-and-foreign-investors-housing-project )

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