Skyscraper City Forum banner
1 - 20 of 37 Posts

·
Registered
Joined
·
3,724 Posts
Discussion Starter · #1 ·
VISIONARY CONCEPT

Dagon City brings a new concept in mixed-use international urban living to the Yangon Central Business District. Designed to create an intimate sense of community. Dagon City is where both expatriates and Myanmar nationals alike will feel at home where everything is within doorsteps.

Conceived as a harmonious integration of nature and urban living. Dagon City comprises 8-storey residential towers on an elevated sky garden for relaxed low-density living.

A world class 5-star hotel along with a vast array of branded retail shops has also been planned to make Dagon City a new luxury destination in Yangon where you can live, work and play all in one location.

Source: dagoncity1.com
 

·
Moderator
Joined
·
34,143 Posts
Plans for massive ‘high-end’ luxury development in Yangon unveiled

http://www.mizzima.com/business/pro...igh-end-luxury-development-in-yangon-unveiled

Marga Group chairman Mr Stephen Suen (left) and senior executive director and chief development officer Mr Edgar Kwan J.P. (right) address media at the launch of 'Dagon City 1,' a high end complex to be completed in 2019 at U Htaung Bo Circle. Photo: Lwin Maung Maung



Multi-national developer Marga Landmark and its Myanmar-based partner Thu Kha Yadanar unveiled plans for a 22-acre (8.9 hectares) multi-use complex located at U Htaung Bo Circle between Shwedagon Pagoda and the Yangon Zoo at a media briefing on June 23.

The majority shareholder Marga Landmark owns 70 percent of shares and is set to invest USD $300 million (K293.1 billion) in the development named 'Dagon City 1.'

Myanmar-based developer and local partner for the project Thu Kha Yadanar owns the remaining 30 percent of shares.

The development, which begins in September, is expected to be completed by 2019 and will include retail zones, offices, a five-star hotel and luxury apartments.

Thu Kha Yadanar is sole shareholder of 'Dagon City 2,' a 7.5-acre (3 hectares) development in the same plot, which stretches from Shwe Dagon Pagoda Road to Zoological Garden Road.

Dagon City 1 is the flagship project of Marga Landmark, a partnership between international real estate development syndicate Marga Group, Hong Kong-based architectural firm The Wong Tung Group of Companies and Myanmar-based architectural and design firm SPiNE.

Marga Landmark chairman, Mr Stephen Suen said his company is leasing the land from the Myanmar government for a base period of 50 years.

Asked about acquisition of the plot, Mr Suen said the Marga Landmark application for development was in accordance with the foreign investment law, and Myanmar Investment Commission and Yangon City Development Committee regulations.

“This is a country that requires foreign capital investment; the MIC [Myanmar Investment Commission] has very strict rules about this,” Mr Suen told media.

Marga Landmark has promised to allocate two percent of annual profits to YCDC for “social welfare” including the construction of schools, he said.

Asked about the inclusion of low-cost housing in future projects by Marga Landmark, Mr Suen said: “Unfortunately our expertise is in high-end [development].”
 

·
Moderator
Joined
·
34,143 Posts
Height limits imposed in Dagon City

http://www.mmtimes.com/index.php/bu...als-watch-height-of-dagon-city-1-project.html

Plans for a large US$300 million mixed used project near U Htaung Bo Roundabout in Yangon were promoted last week, though government officials say they will keep an eye on its proposed high-rise structures to see if they contravene zoning plans.



The Dagon City 1 project is set to include a five-star hotel, office and retail space and residential buildings, aiming to finish the multi-phased project in five or six years, according to company officials.

The land is leased from the government what branch using a build-operate-transfer system. Developers Marga Landmark, an international syndicate of Hong Kong, Korean and British investors, and local firm Thu Kha Yadanar say they hope to have the first phase of four residential towers finished by the fourth quarter of 2014.

Yangon City Development Committee’s (YCDC) zoning plan sets height limits for many of Yangon’s buildings. The Dagon City 1 project is near Shwedagon Pagoda, where many buildings are limited in height to avoid blocking views of the landmark site.

YCDC director of urban planning U Toe Aung said that a project proposal has not yet been submitted to YCDC, but it sits on land designated to be in the Shwedagon highrise limited zone and in green zone 2 – both areas with various restrictions on building height.

“When they propose their project to YCDC, we will assess whether their plans comply with restrictions on heights,” he said.

Company officials said the firms have received permits from Myanmar Investment Commission (MIC) and also agree to follow YCDC’s rules.

Dagon City 1 aims to include eight-storey residential towers with apartments between 600 and 2000 square feet, as well as several penthouses. It also boasts amenities including a fitness centre, outdoor swimming pool, restaurant and indoor golf.

Developers also highlighted the opportunity to provide jobs for local people.
 
1 - 20 of 37 Posts
Top