Sign up | Log in



Home  >>   Daily News  >>   Myanmar  >>Investment  >> Rowsley to invest US$275 million in Yangon real estate project
NEW UPDATES Asean Affairs   16 February  2015  

Rowsley to invest US$275 million in Yangon real estate project

Singapore-listed Rowsley Ltd, a real estate and investment firm part-owned by Singaporean billionaire Mr Peter Lim, has entered into an agreement with Vietnam's Hoang Anh Gia Lai Joint Stock Company or HAGL to jointly develop a mixed-use development in Yangon, according to the Straits Times on February 12.

The newspaper reports that Rowsley has just signed a heads of terms agreement on February 12 and will invest US$275 million [K275 billion] for a 50 percent stake in a company that wholly owns HAGL Myanmar Centre, one of the country's largest integrated projects with four office blocks, a five-star hotel, a retail mall, serviced apartments and residential apartments.

The centre will cover more than 73,000 square metres of land next to Inya Lake in Yangon and has a land lease term of 50 years. The first phase of the project is underway and the whole project it set to be fully completed in 2018.

HAGL will make further investments and will undertake the construction of the entire project.

The entire project is valued at US$550 million. The detailed terms and conditions for the joint venture are to be agreed in due course and subject to due diligence and regulatory approvals.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           February  16, , 2015 Subsribe Now !
•Thailand’s economy will grow 4% this year Subcribe: Asean Affairs Global Magazine
• Indofood to see steady increase in wheat imports 
• 1MDB mess clouds Petronas’ $7 billion debt proposal
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Rowsley to invest US$275 million in Yangon real estate project
• More remittances to fund property purchases
Asean Analysis                    February 6, 2015
• Asean Analysis February 6, 2015
Myanmar’s Military Still a Wild Card as Elections Loom
Advertise Your Brand

Asean Stock Watch   February 13,  2015
• Asean Stock Watch-February 13 , 2015
The Biweekly Update
• The Biweekly Update February 6, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand