Jun 21, 2016

$120-million South Korean project eyes 2018 finish

Inno City complex, the first building project to include a highway terminal, is due for completion by the end of 2018, according to the project’s developer.

The $120-million, mixed-development complex will include six buildings which can hold about 5,000 people, according to South Korea-based Inno Group.

The foundation of the project – situated at the corner of Parami Road and Waizayandar Road in South Okkalappa Township in Yangon – was laid late last month.

“This project will be convenient for people as it will include apartments, hotels, a shopping centre and a highway terminal,” Seog-Chang Son, chairman of Inno Group, said.

The 7.6-acre project will include two 30-storey serviced apartment buildings, each holding 216 apartments.

Also, three 29-storey serviced-apartment buildings with 104 apartments will be erected, a 13-storey hotel with an international-standard highway terminal, a shopping centre and a 1,139-car garage.

Inno Group entered Myanmar in 2007 to build the Hanthawaddy Golf Club in Yangon and are currently involved in a range of businesses including paper box making, garment and currency exchange.

Source: Myanmar Business Today