Located along the banks of the Bago River, Star City is a 135- acre residential development located in Thanlyin Township. Targeting the middle- to upper-income market segments, the estate is being developed in phases and will feature 10,000 homes and 1.7 million square feet of commercial space upon completion.
Star City’s “community within a community” concept is the first of its kind in Myanmar, where residents can have convenient access to a wide range of services and amenities available on the estate including shops, restaurants, a supermarket, a spa, banking facilities, round-the-clock security, cleaning services and shuttle bus services to downtown Yangon. Sports and recreation facilities are available on the estate including a 9-hole golf course and driving range, swimming pool, kids’ indoor play facilities and a state-of-the-art, fully-equipped gym. Star City Zone A and Zone B which are the first and second phases of the estate, are substantially sold out and the units have been substantially handed over to owners. In total, these two phases have 2,021 units, of which 1,871 are for sale. The two phases have approximately 2.7 million square feet of gross floor area.
Star City’s Zone A also held a block of apartments for rental income. The 150-unit apartment block which is known as Star Residence, is a popular rental option for expatriates. Over the last year, StarCity has built up its Estate Management team to over 300 staff, providing professional management services which include customer service, utility and IT operations, landscaping, housekeeping, security, repair and maintenance, and events and resident relations.
Galaxy Towers which is the third phase of Star City, will feature six condominium blocks of between 25 and 28 storeys. The development’s 954 apartments with approximately 1.2 million square feet of gross floor area are a mix of one to four bedroom layouts from 728 to 2,200 square feet. The Group has launched the sale of 334 of its 954 units in Galaxy Towers. For more information on Galaxy Towers please visit http://www.galaxytowersyangon.com
Star City will also be a key beneficiary of the ongoing development of the Thilawa Special Economic Zone (“SEZ”) as it is the only large scale residential development in the SEZ’s vicinity. The SEZ is a 2,400-hectare project in the Yangon region which the Myanmar government has demarcated as an industrial park and is expected to attract industrial investments from local and multinational corporations with various tax and commercial incentives.
Dulwich College International is overseeing the Group’s Pun Hlaing International School, while the Group develops new international school campuses in Pun Hlaing Estate and Star City respectively. Dulwich College Yangon will be the first international school in Myanmar with a direct link to a renowned British independent school in the United Kingdom. The Pun Hlaing and StarCity campuses will join the family of eight Dulwich College International schools across Asia, with campuses in Shanghai, Beijing, Suzhou, Seoul and Singapore, along with two International High Schools in Suzhou and Zhuhai and, the founding school, Dulwich College in London. The first phase of both Dulwich College Yangon campuses are scheduled for completion by August 2017 and both are set to open for the 2017/2018 academic year. For more information please visit http://www.dulwichcollege-yangon.com
Serge Pun & Associates (Myanmar) Limited (“SPA”) was founded in 1991 by Serge Pun as an investment holding and operating company pursuing various key sectors including financial services, real estate development, trading and distribution, the service industry, automotive, agriculture, hospitality and transportation. Serge Pun & Associates (Myanmar) Limited (“SPA”) was founded in 1991 by Serge Pun as an investment holding and operating company. All the investments of SPA are made through its two flagship public investment holding companies: First Myanmar Investment Co., Ltd., which is incorporated and operate in Myanmar, and Yoma Strategic Holdings Ltd. For more information please see http://www.spa-myanmar.com.
FMI was one of the earliest public companies formed following the adoption of the market economy and the promulgation of the Myanmar Investment Law in 1990. Established in 1992, it became an instant success with local investors hungry for professional investment management and sound diversity. On March 25, 2016 FMI became the first company to be listed on the Yangon Stock Exchange. FMI’s strength lies not only in its strategic diversification, but also in its professional management, stringent corporate governance and transparency. FMI’s Board strictly adheres to corporate rules and acts independently to ensure proper conduct. FMI's current focus is on it ‘three pillar’ strategy of investing in the Financial Service, Real Estate and Healthcare sectors, while remaining open to strategic opportunities in other growth industries. For more information please see http://www.fmi.com.mm.
Listed on the Main Board of the Singapore Securities Exchange Trading Limited (SGX-ST), Yoma Strategic Holdings Ltd. is a leading business corporation with real estate, consumer, automotive, agriculture & logistic and tourism businesses in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar. The Company was ranked in the top 10% of the Governance and Transparency index 2015, ranked 17th out of top 100 largest Singapore companies in the Asean Corporate Governance Scorecard 2015 and won the Best Managed Board (Silver) Award at the 10th Singapore Corporate Awards in 2015. For more information please see http://www.yomastrategic.com.