Yoma Strategic Holdings Ltd (YSH) and Hongkong and Shanghai Hotels Ltd (HSH) announced on Monday that they will partner on the development of the Peninsula Yangon [Rangoon], a five-star resort that will incorporate the 1880s structure into a more modern type of travel hub.
DVB Interview International spoke to Tony Picon, the managing director of Colliers International in Burma, about the state of the country’s property market and advice for foreign companies and investors who are thinking of operating in Burma.
Musmeah Yeshua is Burma’s last remaining synagogue, and it has found a new lease of life as one of Rangoon’s biggest tourist attractions.
Hundreds of demonstrators rallied in Burma’s former capital Rangoon on Sunday, calling for an amendment to the military-drafted constitution that would allow Nobel laureate Aung San Suu Kyi to become eligible to run for president.
Rangoon is facing a shortage of suitable housing as more and more foreign investors flock to the country to do business.
Burma’s Min Zaw Oo wins first place in the men’s bodybuilding 80kg weight category in Rangoon on Sunday
One suspect has been detained in connection with the explosion that went off at Rangoon’s Traders Hotel just before midnight on Monday.
As Burma’s economy begins its slow path to revival, one sector is already booming: the property market.