Tuesday, July 30, 2013

Soilbuild

Soilbuild: Expect to see positive sentiment, as the group marks its foray into Myanmar, which will see it entering into its first overseas development project, in Myanmar, yangon to develop a high end condo of abt 250 units. The project has a gross development value of abt US$120m and will see Soilbuild partner the Ayeyar Hinthar Group of Companies. The group intends to market the units at between US$300 and US$350 per square foot when it is launched. The grp would consider industrial projects going forward, although it is not their primary focus at the moment. Industrial will be the second stage when Myanmar has more infrastructures to support the industry.

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