Malaysian Firm to Build $782 Million City Project
BDS Smart City Co., Ltd., a subsidiary of Malaysia’s Berjaya Land Berhad, is set to build a $782.72 million city project in Yangon’s Dagon Seikkan Township following the signing of a concession agreement with the Yangon Regional Government on February 7.
The project, located on 184 acres of land at the corner of Shweli and Myananda roads, will be implemented in three phases over six to 10 years and will include affordable and high-end housing, shops, school, clinics and mixed-use developments.
The company has earmarked $182 million of its $782.72 million capital for affordable housing development comprising 3,848 units with total floor area of over 242,000 square meters.
In addition to this project, Dagon Seikkan Township will be home to the $80 million Seamanea Yangon wholesale project.
BDS Smart City Co., Ltd will undertake a multi-sectoral project in Dagon Seikkan Township in Yangon Region, according to the Yangon Region government.
The Yangon Region Government and BDS Smart City Co., Ltd signed the Concession Agreement on February 7 to implement the project.
Dagon Myothit (Seikkan) Township The project will be implemented on 183 acres at the corner of Shweli Road and Mya Nandar Road, which will last from six to 10 years.
The BDS Smart City Project is divided into 12 sections: Advanced Housing Shops; school, The clinic will include a clinic and comprehensive development. Of these projects, the cost-sharing housing project will cost 182 million out of $ 782.72 million.
The 24,2799.52 square meters will build 3848 units of housing units. The Seamanea Yangon Retail Market, a $ 80 million housing development project in Dagon Seikkan Township, will be completed in April.
Source: Myanmar Business Today
