Cedar Strategic to acquire 49% stake in Golden City Yangon property for USD 35 mil

  SINGAPORE (Oct 17): Cedar Strategic is acquiring a 49% effective stake in mixed use luxury development Golden City in Yangon for US$24.9 million ($34.6 million).   Cedar says the acquisition of the 335,284 sqm Golden City project is in line with its growth strategy of developing and investing in properties within emerging markets. The […]

Harnessing investment into Yangon’s development

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 […]

Singaporean companies to invest in Myanmar’s wood-based industries

Two Singaporean companies will make investment in Myanmar’s wood-based industries and construction sectors in joint venture with local Myanmar counterparts, official media reported Monday. The two Singaporean companies, namely Wood Craft International and Uni Global Power, will cooperate with Myanmar’s Global Star and Nature Link companies to produce finished wood products and invest in infrastructural […]