Yoma Land Takes Home Myanmar’s Developer of the Year and Green Technology Initiative of the Year Accolades
Yoma Land, a prominent real estate developer in Myanmar, has been honoured with prestigious accolades at the Real Estate Asia Awards 2024, clinching the Developer of the Year – Myanmar and Green Technology Initiative of the Year – Myanmar for its innovative and sustainable approaches in the industry.
The company has set a high bar with its vision of “Building Better Communities for the Future of Myanmar,” which has manifested through a series of pioneering projects centred around sustainability and meaningful community engagement.
In addressing the critical shortage of affordable housing, Yoma Land introduced City Loft, Myanmar’s first mortgage-backed condominium project. This initiative, in partnership with Yoma Bank, offers a 25-year mortgage plan requiring only a 20% down payment, making homeownership more accessible for the nation’s young professionals. The project’s success is evident in its rapid sales, with an average of 70 units sold per month.
Another groundbreaking venture by Yoma Land is the Estella project, which showcases the company’s commitment to tackling energy challenges. Estella is the only project in Myanmar to incorporate solar power, equipped with solar panels and batteries as a primary energy source. This not only provides a sustainable power alternative but also includes maintenance and a warranty as part of the estate management fee. The project witnessed an exceptional response, with 527 villas sold on the first launch day, highlighting the market’s enthusiasm for innovative and eco-friendly living solutions.
Yoma Land’s ventures extend beyond conventional real estate developments. It was the first to introduce small-space living concepts in Myanmar, catering to a market traditionally accustomed to larger living spaces. These studio units, measuring just 312 square feet, have been a hit, selling out quickly due to their thoughtful design and functionality. The developer also prioritises the use of local materials and craftsmanship, overcoming challenges associated with overseas sourcing. This local focus is evident in unique design elements like the StarVillas’ façade and walk-in wardrobes.
Recognising the necessity of clean water, Yoma Land has equipped all its developments with dedicated water treatment plants, ensuring access to potable water. Additionally, each estate is supported by solar farms ranging from 11 to 15 acres, which not only provide sustainable energy but also help mitigate frequent power cuts.
Community engagement is another cornerstone of Yoma Land’s strategy. The company hosts educational and health-related campaigns, including mini-marathons and Zumba classes, which foster both physical and mental health. It has also been proactive in community health initiatives, becoming the first developer in Myanmar to offer COVID-19 vaccinations to residents, a significant step at a time when only government hospitals were authorised to administer vaccines.
The vibrant community life at Yoma Land’s developments is further enriched through regular cultural and seasonal events, which help to foster a strong sense of belonging and community spirit.
Yoma Land’s commitment to innovation, sustainability, and community welfare has not only enhanced the real estate landscape in Myanmar but has also set a commendable benchmark for others in the industry. Through its dedication to building not just homes but holistic communities, Yoma Land continues to make a profound impact on the future of the country.
