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Yoma Land Takes Home Myanmar’s Developer of the Year and Green Technology Initiative of the Year Accolades

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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.

 

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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.

 

 

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Pueblo de Panay Receives Accolade at Real Estate Asia Awards 2024

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Reading Time: 2 minutes
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Pueblo de Panay, a township master-planned by Singapore’s premier urban planning firm Surbana Jurong, triumphed with the Masterplan Development of the Year – Philippines at the coveted Real Estate Asia Awards 2024 for its strong urban planning and community development that fosters inclusive growth in the Philippine countryside.

 

Situated in the heart of Capiz, a mere 45-minute flight from the Philippines’ capital Manila, Pueblo de Panay Township enjoys a strategic location that enhances its appeal and accessibility – with its proximity to key amenities and economic centres ensuring convenience for residents and businesses alike.

 

It offers a diverse range of amenities and facilities, embodying a holistic vision that integrates residential, commercial, educational, recreational, and industrial elements within its perimeters.

 

The township’s master plan incorporates green spaces, eco-friendly infrastructure, and energy-efficient solar technologies. Only 60 percent of the 670-hectare township is buildable, and the rest is reserved for open areas. In constructing its buildings and spaces, it utilises local materials like basalt rock and Capiz shells, honouring its roots and promoting sustainability.

 

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At the same time, the trees, plants, and other flora used in the landscapes are endemic to the local area, ensuring that the local fauna is supported by familiar and necessary conditions. These steps minimise the township’s environmental footprint and enhance the quality of life for its residents, contributing to the long-term resilience of the community.

 

Pueblo de Panay also ensures that the voices and aspirations of the community are heard and integrated into the development process through inclusive planning processes, stakeholder consultations, and partnerships with local government units and other organisations. It now has over 60,000 foot traffic daily, composed of locals and tourists.

 

As part of this commitment, the township has fully donated, lent, and subsidised rents for parcels of land or spaces of buildings within the township for use by various government agencies. The Provincial Government of Capiz has started the construction of the new Capiz Provincial Capitol within the township, and the Roxas City government will soon be unveiling the design of the new Roxas City Hall to be located nearby. Both buildings, when finished, will officially make Pueblo de Panay Township the new seat of government in the City of Roxas and the Province of Capiz.

 

Moreover, it has served as an economic catalyst, generating around 6,000 jobs and attracting investments to stimulate economic growth. This is evident with the accreditation of the 7.4-hectare Pueblo de Panay TechnoPark by the Philippine Economic Zone Authority, offering incentives to different IT-BPM locators.

 

The Real Estate Asia Awards is a prestigious programme designed to honour outstanding real estate projects, developments, and companies throughout Asia that consistently redefine the standards of excellence in the industry and push the boundaries of innovation to make a long-lasting impact on the community.