Shangri-la Residences Yangon, a twin tower project beside Kandawgyi
Lake, is on target to be ready by the third quarter of this year, a
company official said last week.
Shangri-La Residences includes
two 21-storey towers of 120 apartments each. The apartments are
surrounded by 15 acres of landscaped gardens and will offer a range of
recreational facilities, including a gym, swimming pool, tennis courts
and a mini mart, the developer says.
Communications manager Ma
Phyo May Win said the project had been restarted – work first began in
the late 1990s – to cater to the growing demand for upscale serviced
apartments.
“Accommodation in Yangon is in short supply so we chose to make it a residential project when we restarted it,” she said.
However, she declined to say when an adjoining hotel project would be completed.
The Ministry of Hotels and Tourism says the hotel will include 800 rooms, along with a supermarket and offices
Shangri-La
is also developing Traders Square Commercial Complex beside Traders
Hotel, with a targeted completion date of 2015. The multi-storey
commercial tower will offer offices, retails space and underground
parking, and will be linked to Traders Hotel.
source: The Myanmar Times
http://www.mmtimes.com/index.php/business/property-news/4114-shangri-la-targets-q3-for-yangon-serviced-apartments.html
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