Myanmar Real Estate Summit 2012
19-20 Nov, 2012 - Yangon
|A Giant Leap for Industrial & Commercial Investments as Demand Soars!|
Official Keynote Address by:
His Excellency U Htay Aung
Minister of Hotels & Tourism, Myanmar
"Myanmar's new foreign investment law allows overseas firms to fully own ventures and offers tax breaks and lengthy land leases ...
Under the new law, foreign investors can lease land from the government or from authorised private owners for up to 50 years, depending on the type and size of the investment, and the deal can be extended twice, for 10 years each time ..."
Myanmar state media details new foreign investment law, 3 Nov 2012
Sweeping changes and policy reforms are now in place to transform the real estate scenario in Myanmar! As investors rush into the country seeking business opportunities, real estate developments are being fuelled by increasing demand for residential and commercial properties. Dozens of companies are looking for office space and at the same time housing for their expatriate employees.
Conglomerates like Serge Pun & Associates is planning a 160 acre of rental apartments and condominium complex, emulating high-end developments in Singapore and other big cities.
The boom in tourism is also pushing demand for hotel space and shopping malls, luring investors from foreign countries such as Japan, Singapore and Thailand. Besides new investments, old and distressed properties are being repositioned for incremental revenue and growth!
Asian countries eye investment in Myanmar's property, hotel sectors - Eleven, 31 Oct 2012
CMT’s Myanmar Real Estate Summit (MRES) 2012 is the timely one-stop platform addressing investment opportunities and challenges for the real estate sector. From residential to industrial to hotels, MRES 2012 is your best opportunity to gain extensive insights from key government officials and leading property players on what Myanmar has to offer for real estate investors.
So mark your calendar now to seek out opportunities in Myanmar's burgeoningproperty & real estate market!
Ministry of Hotel & Tourism Myanmar
Department of Human Settlement & Housing Development (DHSHD), Ministry of Construction
Myanmar Hotels International
Leopard Capital Cambodia
Yoma Strategic Holdings
Directorate of Investment and Company Administration (DICA)
Kelvin Chia Yangon Ltd
Committee for Quality Control of High-rise Building Projects
HVS Global Hospitality Services
Capital 8 Pte. Ltd.
Optional Visit to
Thanlyin Star City Project Site &
Myanmar International Terminals Thilawa Port
20 Nov (14:00 to 17:30)
Meet & Brief Session with GM & Project Team of Thanlyin Star City.
Located in Thanlyin Township, which is earmarked to be one of the Special Economic Zones (SEZ) under the newly enacted Myanmar SEZ Law, Star City is a mega project comprising of residential, commercial and recreation development. The visit will be followed by a tour to the Thilawa international port, located within the industrial zone. These developments are expected to accelerate infrastructure and real estate boom for the township.
VISA INFO FOR FOREIGNERS:
Get Myanmar Visa in Singapore
Get Myanmar Visa In Bangkok
Visa-on-arrival for specific countries
NOTE - pre-arrival application recommended
Attend MRES 2012 and you'll:
Hear experienced developers touch on making a property deal work in Myanmar
Ascertain the risks and benefits of investing in a frontier market like Myanmar
Understand land and legal issues including investment guidelines
Evaluate the market opportunities in the hotel and tourism industry
Obtain business know-how and pitfalls to avoid when investing in Myanmar’s realestate sector
and many more!
PLUS, you'll have the chance to:
Take away a Special Gift: Yangon Property Market Report 1st Half 2012 - published by Colliers International valued at USD350 each!
In this 68-paged report, you'll get concise information on:
- Nay Pyi Taw property overview
- Myanmar Industrial Estate Market
- Yangon Overview & zoning
- Yangon Upper Scale hotel market and many many more!
Simply register as attendee and pay the full fee to obtain this exclusive gift which will be given out after the summit.
Why Attend CMT Invest Myanmar Series?
CMT is an active global conference organizer and since 1982 supports business development across Asia, MidEast/Africa and the Americas. Recent political and economic reforms in Myanmar are very encouraging with the country favored as the rising star in Asia...CMT is contributing by bringing business and investments to the country with events that offer vital business intelligence.
1. Proven Track Record
CMT has organized at least 7 summits in Yangon since March 2012 in key sectors - attracting over 1900 delegates from over 35 countries. They are:
- 1st & 2nd Myanmar Oil, Gas & Power
- 1st & 2nd New Myanmar Investment
- Myanmar Mining
- 14th Asia CemenTrade
- 2nd Commercial Farm Asia
- 1st Myanmar Telecoms Update
2. Meet Key Officials & Decision-makers
CMT works closely with various ministries. The Ministry of Energy, Ministry of Mines & Ministry of Electric Power were official host to some of our summits.
3. Connect with genuine local or foreign partners
Network with the right person or companies. We attract the best possible candidates you can pick as business associate or partner.
4. Covers All Strategic Sectors
CMT covers all the key sectors - Energy, Mining, Agriculture, Real Estate, Infrastructure, Finance, Power, Telecoms and many more.
CMT Invest Myanmar series provide not mere "information" but "insights on growth strategies"
Property investors & developers - Real estate analysts - Construction & engineering firms - Consultants & brokerage - Hoteliers - Financiers & lenders - Banks & financial institution - Asset managers & fund managers - Real estate funds, REITs, hedge funds & private equity - Insurance firms - Law firms - Tax consultants - ndustry regulators
|Published articles for your interest and reference:|
Foreign firms help ease Myanmar's power shortage, develop SEZ - China.org.cn, 06 November 2012
Government witholds SEZ demarcation - Myanmar Times, 05 November 2012
New, more hotel zones to be built in Myanmar airport areas - Global Times, 19 October 2012
Myanmar to enforce property regulations - Inside Investor, 19 October 2012
New hotel zones planned near Yangon - ElevenMyanmar.com - 14 October
Myanmar seeks to ease land price-hike crisis - Xinhuanet.com - 13 October
Singapore organisation to build new hotels in capital - Myanmar News Link, 27 September
Myanmar scrambling to ease hotel shortage in Yangon - The Nation, 9 September
Foreigners keen to invest in hotels, shopping malls - Eleven Media, 22 August
Myanmar to build more hotels in Nay Pyi Taw for SEA Games - Global Times, 17 August
CB Bank outlines $2 billion Mandalay`new city' - Myanmar Business Network, 13 August
Myanmar readjusts tax rate on real estate deal- Emerging Frontiers Blog, 13 August
Broad Change Comes to Myanmar, and Developers Follow - The New York Times, 9 August
Foreign investors await property price fall - Myanmarupdate, 8 August
Vietnam eyes big hotels in Burma – Mizzima.com, 30 July
Myanmar: The next investment destination for global hotel chains? – Bangkokpost.com, 02 July
Myanmar property prices go through the roof – Property-report.com, 29 June
Real Estate Fund Launched for Myanmar, Vietnam and Mongolia – Invezz.com, 11 June
CMT's recent successful series:
Official Keynote Opening Address by
His Excellency U Than Htay
Union Minister of Energy
Ministry of Energy
Official Keynote Opening Address by
Dr. Kan Zaw
Ministry of National Planning & Economic Development
Official Keynote Opening Address by
His Excellency U Thein Htaik
Union Minister of Mines
Ministry of Mines
Opening Address by
His Excellency U Than Htay
Union Minister of Energy
Ministry of Energy
Opening Address by
His Excellency U Myo Aung
Ministry of Industry
Thilawa SEZ to begin operation in 2013; holds investment opportunities say officials
Posted on : 12 Nov, 2012
Dr. Kan Zaw, Minister for National Planning and Economic Development said the Thilawa Special Economic Zone (SEZ) should be operational early next year. He added that Japan External Trade Organization and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will jointly control the project with 49% and 51% shares respectively. “We invited international investment. This Thilawa SEZ is the product of creating an investor-friendly environment,” he said.
Hset Aung, Deputy Minister for National Planning and Economic Development noted, “There is much potential for investment in Myanmar. We expect normal levels of internal migration particularly from rural to urban areas. These labor resources for the Thilawa SEZ can be seen as an advantage for investors.”
The two zones in the Thilawa SEZ include a “free zone” and “promotion zone”. In the free zone, export-oriented industries can import raw materials and export products freely, but must pay tax on products which are for distribution in the domestic market. The promotion zone will include hospitals, an education centre residential areas, supermarkets, banks and other amenities. In the promotion zone, domestic companies can export as well as distribute locally, but must pay tax on products, raw material and equipment.
Participants in the Myanmar Real Estate Summit 2012, to be held on 18-20 November in Yangon have the option to visit to the Myanmar International Terminals, Thilawa Port, which is located within the industrial zone. Register here to attend this event, or email Ms. Grace at firstname.lastname@example.org for further enquiries.
Click here to read complete article.
New hotel projects planned near Inle Lake, Mandalay & Tada Oo township; MRES 2012 to review real estate opportunities in Myanmar
Posted on : 25 Oct, 2012
In Myanmar, local authorities have approved land parcels in Shan State for investors to construct hotels. Media reports say that the Shan State government has approved a 622-acre plot on the eastern side of Inle Lake, a freshwater lake and the second largest lake in Myanmar. Inle zone is scheduled for development for the next 18 months.
U Aung Kyaw Mo, Secretary of Taunggyi Zone Hoteliers Association said it will depend on the regional government whether hotels are approved and how many acres they will get. There is a 60-year build, operate and transfer agreement for land leased from the Department of Forestry.
A 5,500 acre plot in Tada Oo township in Mandalay will be opened for hotel investment. U Myint Aung, Chairman of Mandalay Zone Hoteliers Association said that the regional government already approved the land. Other proposed projects are in Bagan near Tuyin Mountain, about 50 km from town.
The boom in tourism and the increasing demand for hotels and resorts have opened opportunities for foreign investors in Myanmar’s real estate sector. The Myanmar Real Estate Summit 2012 to be held on 19-20 November in Yangon is dedicated to analyzing the realistic market prospects from experienced developers. Register here to attend this summit, or contact Ms. Grace at email@example.com for more information.
View complete article here.
Cooperative Bank spearheads "New City Project" in Myanmar, put forward by private financiers
Posted on : 08 Oct, 2012
Local media reported that a private group of financiers have proposed a new “satellite town” outside of Mandalay, Myanmar’s second largest city.
U Khin Maung Aye, president of the country’s Cooperative Bank (CB) is spearheading this project which is to be constructed in a 22,000 acre plot of land, 8.8 kilometers from the Mandalay International Airport. Among the facilities and construction projects reported to be featured in the development are waterfront housing, a hotel zone, a retail area, riverside recreation areas, an industrial zone, warehouse areas, a trading centre and education facilities. Senior management of the company announced that although 3,000 prospective shareholders have signalled interest in the project, CB is currently looking for financial backers.
Khin Maung Aye met the members of the Mandalay government to pitch the project last June. News of this mega-project has sent property prices in the area soaring.
Recent updates on Myanmar’s property development sector will be available at Myanmar Real Estate Summit 2012, where U. Win Zaw, Director for Urban & Regional Planning Division, Dept of Human Settlement & Housing Development (DHSHD), Ministry of Construction will elaborate on “Urban Development Plan for Yangon”, covering aspects such as sourcing land: guidelines andprotocols, heritage building preservation, emerging of new economic zones: Thilawa, Thanlyin, Dala. The summit is to be held on19-20 November 2012 in Yangon. Register here now or contact Ms. Grace at firstname.lastname@example.org for further details.
Read complete article here.
Cube Capital to invest $150 million in frontier real estate markets - Myanmar, Mongolia & Vietnam
Posted on : 27 Aug, 2012
Driven by its objective to enter frontier markets, London-based global alternatives investment firm Cube Capital recently launched the Cube Asia Frontier Fund (CAFF), which will invest in inefficient frontier markets where the economic environment offers opportunities for distressed investments, business development and financial growth. CAFF was launched in Myanmar, Vietnam, and Mongolia, based on the huge market potential for growth which opened up due to liberalisation, political changes, lack of fully developed markets and favourable regional demographics. CAFF will be providing investors with a diversified multi-country exposure so as to take advantage of the economic climate as well as steer clear of traditional problems linked to single country frontier funds.
During the launch, Chief Investment Officer of CAFF, Tom Holland said, “Our philosophy is to seek uncrowded investment opportunities, and we are confident that exploiting these still insufficiently explored markets will generate attractive returns. It will also make us one of the first entrants into nascent real estate investment markets such as Myanmar. We are looking forward to soon closing one of our first deals.” He also announced that Cube Capital will be working in partnership with local companies in each of the countries it is targeting. Until recently, this has been one of the few ways western investors could access Myanmar. In Myanmar, the company will be working with Serge Pun and Associates (SPA), an arm of Singapore-listed Yoma Strategic Holdings (YOMAR).
Cube Capital will be participating and contributing a session at the Myanmar Real Estate Summit 2012 on 19-20 November. The summit in Yangon will furnish first-hand information on Myanmar’s real estate and property investment scene. Watch this space for further updates on conference details. Those who wish to indicate interest in the event may Pre-Register here. Enquiries regarding the conference may be directed to Ms. Grace at email@example.com
U. Than Myint
Chairman, Committee for Quality Control of High-rise Building Projects (CQHP)
Myanmar National Building Code Development and Construction Guidelines for High-rise Buildings
Day 1 [Mon 19, November], at 11:10 AM
U Than Myint attained his B.Sc. (Civil Engineering) degree from Yangon Institute of Technology in 1963 and Master of Applied Science (Civil Engineering) degree from University of Waterloo, Canada in 1974.U Than Myint is retired Deputy Chief Engineer of Myanmar Railways and Past President of Myanmar Engineering Society. He is serving as Chairman of Committee for ....Read more
Ms. Cheah Swee Gim
Director and Foreign Consulting Attorney, Kelvin Chia Yangon Ltd
Land Rights for Foreign Investment in Myanmar
Day 1 [Mon 19, November], at 11:40 AM
Ms Cheah Swee Gim is a director of Kelvin Chia Yangon Ltd and a senior partner of Kelvin Chia Partnership, its Singapore headquarters. She is both qualified to Singapore and New York. She has been involved with Myanmar work since 1995 and has more than 25 years of diversified experience in cross border transactional work in many countries in South East Asia.....Read more
Mr. Cyrus Pun
Executive Director, Yoma Strategic Holdings Ltd.
Outlook on Real Estate in Myanmar from a Developer’s Perspective
Day 1 [Mon 19, November], at 02:00 PM
Cyrus Pun was educated in the UK and received a bachelor's degree in Economics from the London School of Economics in 2003. Prior to joining the SPA Group - an affiliated company of the Group - in 2007, Cyrus Pun worked for Hutchison Port Holdings in the South China Commercial Division based in Hong Kong. In February 2007, Cyrus Pun joined SPA Group and assumed a ....Read more
Day 1 [Mon 19, November], at 12:00 PM
Mr. Kenneth Gaw
President & Managing Principal, Gaw Capital
Repositioning and Refurbishment Projects in Myanmar
Day 1 [Mon 19, November], at 02:30 PM
Kenneth Gaw joined Pioneer Global Group since 1994 and remains to be Managing Director. Notable transactions under his direction in recent years include acquisition and repositioning of Pullman Hotel G Pattaya and Pullman Hotel G Bangkok, Thailand; AIA Tower in Macau; and Global Gateway (Hong Kong), 68 Yee Woo Street building, Club Lusitano building, Kowloon ....