Yoma Strategic expands luxury residential property development in Yangon

It’s boosting its diversified portfolio in Myanmar.

Mainboard-listed Yoma Strategic Holdings today revealed that it is making additional acquisitions of economic interests of LDRs in its flagship high-end residential property development at Pun Hlaing Golf Estate, Yangon.

The new LDRs will be used to add more residences along with commercial developments to cater to the increased demand from the existing and projected future occupants at PHGE. The total land area represented by the LDRs
being acquired for these new developments totals approximately 31.3 acres

In addition the Group is acquiring economic interests in an additional 12.0 acres of LDRs adjacent to the Early Years Centre managed by Harrow International Management Services to be used for the development of an international school.

The Group is also acquiring the rights to operate the PHGE Golf and Country Club which includes approximately 219.2 acres of the golf course.

According to Andrew Rickards, CEO of Yoma Strategic, “The acquisitions include areas designated for commercial developments, including the extension of the Pun Hlaing hotel and the international school, previously announced projects, which we believe are important to ensure the continued success of the estate. The acquisition of the rights to manage and further develop the PHGE Golf and Country Club is also an important step in continuing to enhance the quality of life on the estate”.