The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local investment. For the […]
Capital Diamond Star Group seeks to raise profile, enter regional markets
August 3, 2015 by
Capital Diamond Star Group has kept a low profile for most of its history; at least as much as is possible for a company of 7000 employees and some of Myanmar’s major brands to stay out of the limelight. Beginning as a humble agriculture trading company in Mandalay in the 1960s, it has expanded to […]
Developers hope Condo Law brings life back to market
May 28, 2015 by
Developers are pinning their hopes on completed Condominium Law this year to jumpstart the quiet property market. Foreigners are currently barred from buying condo units, though a draft of the law has said foreigners would be able to purchase units on the sixth floor or above, up to a maximum of 40 percent of the […]
Vietnam firm marks initial step in penetrating Myanmar construction market
March 12, 2015 by
A Vietnamese construction company on Friday celebrated the ‘topping out’ of a tower complex in Myanmar, which it said is the first step in its bid to enter the Southeast Asian country’s construction market. Hoa Binh Corporation organized the topping out ceremony – a traditional rite held when the last beam is placed atop a […]
GEMS Garden Condomium: First two towers finished
March 11, 2015 by
Two of the structures are now completed at GEMS Garden Condominium, according to company officials. The development, started in 2013 by Capital Development Limited, a subsidiary of the Capital Diamond Star Group conglomerate, is now planning to finish its last two towers by the end of this year and residents can move in around 2016 […]
Capital Diamond Star Group receives honour from World Economic Forum
May 27, 2014 by
Domestic conglomerate Capital Diamond Star Group (CDSG) is one of the first Myanmar companies to be chosen as a Global Growth Company by the Global Growth Company(WEF), according to David Aikman, head of new champions at the WEF. Firms are selected based on their leadership potential in the global economy, with criteria evaluating the firm’s […]
