• Burmese
Wednesday, July 16, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Japan’s Mitsubishi to Invest in Downtown Rangoon Development

Kyaw Hsu Mon by Kyaw Hsu Mon
October 2, 2013
in Uncategorized
Reading Time: 2 mins read
0 0
A A
Japan’s Mitsubishi to Invest in Downtown Rangoon Development

An artist’s impression shows plans to develop the area around Rangoon’s historic railway office by Yoma Strategic Holdings and Japan’s Mitsubishi Corporation. (Picture: Yoma Strategic Holdings)

12.3k
VIEWS
Share on FacebookShare on Twitter

RANGOON — Japan’s Mitsubishi Corporation has teamed up with Yoma Strategic Holdings to turn a section of prime Rangoon real estate into a massive shopping, residential and office development, according to a statement Tuesday.

Mitsubishi Corp. and Mitsubishi Estate signed a memorandum of understanding with Yoma Strategic, Serge Pun & Associates (SPA) and First Myanmar Investment Co. (FMI) to invest in the project. Burmese businessman Serge Pun’s is chairman of a Singapore-listed conglomerate Yoma Strategic.

The 10-acre project will be built in the area around downtown Rangoon’s colonial-era railway office, adjacent to the Bogyoke Aung San Market and Traders hotel, on which the FMI Center and Grand Mee Ya Hta residences currently sit.

RelatedPosts

Myanmar Junta Moves into Nawnghkio Outskirts

Myanmar Junta Moves into Nawnghkio Outskirts

July 15, 2025
421
What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

What the ‘Snake Charmer’ Analogy Gets Wrong About Myanmar

July 15, 2025
358
Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

July 15, 2025
362

The project—which includes four glass and steel high-rise towers in a large complex connected to the red-brick colonial building—has previously been valued at US$350 million, although the size of Mitsubishi’s agreed investment has not been announced.

The statement said the development will finally be approximately 2 million square feet of residential, office, retail and hospitality space.

Andrew Rickards, Yoma Strategic’s chief executive, said in the statement that the project will create an “iconic centerpiece” for Rangoon’s burgeoning business district.

“We believe the experience and expertise of Mitsubishi Corporation and Mitsubishi Estate in developing large scale mixed-use developments worldwide will help the project to achieve the highest global standard,” he said.

The Japanese partners will be involved in the planning, design, construction and operation of the project as well as providing technical assistant, the statement said.

The project brings together Mitsubishi Corp., Japan’s largest general trading company, and one of Burma’s best known businessmen, Serge Pun, or Thein Wei, who has interests in real estate, agriculture, automobiles and luxury tourism in Burma.

Other than the Mee Ya Hta building, which is being closed down ready for demolition, it is unclear which other buildings in the area will have to make way for the project.

An artist’s impression provided by Yoma Strategic shows that the development will be high-rise, apparently in contravention of a new zoning law being discussed by the city’s authorities and urban development experts, which will restrict building around Rangoon’s historic buildings.

Your Thoughts …
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Burma

Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang

by Hein Htoo Zan
November 28, 2023
98.5k

Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...

Read moreDetails
Burning Alive in Myanmar: Two Resistance Fighters Executed in Public
Burma

Burning Alive in Myanmar: Two Resistance Fighters Executed in Public

by The Irrawaddy
February 7, 2024
90k

People’s Defense Force says junta troops told every household in the village to send one member to witness the double...

Read moreDetails
Another Entire Junta Battalion Raises the White Flag in Myanmar’s Northern Shan State
War Against the Junta

Another Entire Junta Battalion Raises the White Flag in Myanmar’s Northern Shan State

by The Irrawaddy
November 29, 2023
87.1k

Brotherhood Alliance member says it now has complete control of Kokang’s northernmost section after the junta’s Light Infantry Battalion 125...

Read moreDetails
Depleted Myanmar Military Urges Deserters to Return to Barracks
Burma

Depleted Myanmar Military Urges Deserters to Return to Barracks

by The Irrawaddy
December 4, 2023
59k

The junta said deserters would not be punished for minor crimes, highlighting the military’s shortage of troops as resistance offensives...

Read moreDetails
As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue
Burma

As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue

by The Irrawaddy
April 19, 2024
47k

The junta’s No. 2 has not been seen in public since April 3, sparking rumors that he was either gravely...

Read moreDetails
Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow
Burma

Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow

by The Irrawaddy
February 12, 2024
44.8k

Ethnic armed grouping says it will continue Operation 1027 offensive until goal of ousting the junta is achieved. 

Read moreDetails
Load More
Next Post
Fresh Fighting Reported in Kachin State

Fresh Fighting Reported in Kachin State, Ahead of Ceasefire Talks

US Cries Foul as Vietnam Jails Govt Critic for ‘Tax Dodging’

US Cries Foul as Vietnam Jails Govt Critic for ‘Tax Dodging’

No Result
View All Result

Recommended

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

7 days ago
1.3k
‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

5 days ago
647

Most Read

  • Myanmar Junta Launches Space Agency With Russian Help

    Myanmar Junta Launches Space Agency With Russian Help

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s ‘Living Fence’ on Thai Border Falls to Karen Resistance

    shares
    Share 0 Tweet 0
  • Indian Army Accused of Deadly Strike on Separatists in Myanmar

    shares
    Share 0 Tweet 0
  • Myanmar Junta Moves into Nawnghkio Outskirts

    shares
    Share 0 Tweet 0
  • Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.