Times City Rising in Yangon

• Proeksa Meas
• 31 December 2015
• Construction Focus
• 5085 Views

Times City, a $324 million mixed-use development located on 10 acres in central Yangon, is expected to establish new benchmarks in accommodation, workspace, and shopping in Myanmar when it is completed by the end of 2017.

Local conglomerate Crown Advanced Construction is behind the project, which aims to introduce modern living facilities, premium office spaces, comprehensive retail options and a 5-star hotel, all in one development.

The mixed-use development will comprise of 10 buildings, which include: office and residential towers with 260 condominium units, 37 shop houses, a five-star hotel, a shopping mall (YatanarMall) and a 14-storey second-hand car business centre.

The residential and office units are priced at an average of $300 per sq ft, and the majority of the condominium units, and all shophouses have already been sold.

Crown Advanced are also planning to sign a deal with Hilton Worldwide to manage the hotel segment, which is part of the mixed-use development project.