Yoma Strategic Holdings and its partners, First Myanmar Investment Company and the Hong Kong and Shanghai Hotels (HSH) have jointly announced the launch of sales for the Peninsula Residences Yangon on March 26, 2018.
The Peninsula Residences is a collection of 96 residential units and will consist of 26 foors comprising international standard, ready to stay, full-serviced apartments. Units will be two-bedroom, t h r e e – b e d r o o m , f o u r – b e d r o o m , Penthouse and Terrace Penthouse. It is on a 10-acre site in downtown Yangon at the junction of Sule Pagoda Road and Bogyoke Aung San Road. The project will be offcially called Yoma Central and include two offce towers, serviced apartments, retail space and two hotels, including a high-end Peninsula branded hotel, which will be located inside the old Burma Railways h e a d q u a r t e r s , one of Yangon’s most distinctive b u i l d i n g s . H e r i t a g e conservation is an essential part of the overall project. S e r g e P u n , E x e c u t i v e C h a i r m a n o f Yoma Strategic and FMI said, “The Peninsula R e s i d e n c e s Yangon is set to redefine luxury living in the heart o f d o w n t o w n Yangon. This dynamic neighborhood is where Myanmar celebrates its modern progress and its proud history. It symbolizes Yangon’s revitalization as an international city of culture, lifestyle and business”.
Clement Kwok, Managing Director and CEO of HSH said, “As a company with more than 150 years of history in operating luxury hotels residential properties, we are delighted to launch The Peninsula Residences Yangon which will be located immediately adjacent to the Peninsula Yangon Hotel, a magnificent and historic building in the former Myanma Railway Heart quarters building. The apartments have been designed with local references to design, art and culture and we look forward to welcoming and serving the people of Yangon who have given us our new home in this dynamic city”.
Cyrus Pun, Executive Director of Yoma Strategic said, “The time is right for us to introduce true luxury and exclusivity to the Yangon real estate market, brought about by the world’s preeminent brand. The launch of the Peninsula Residences Yangon marks the beginning of new era in high-end living in our city and along with Yoma Central, will become the benchmark for other luxury real estate developments in the country”.
“More than $700 million has been invested into Yoma Central, which is so far the largest amount of foreign direct investment channeled into the real estate sector”, said Aung Naing Oo, secretary of Myanmar Investment Commission.
