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Rowsley investing US$275m in Myanmar real estate tie-up

Peter Lim-linked company taking 50% stake in firm developing a sizeable mixed development project in Yangon

The project called HAGL Myanmar Centre, is one of Myanmar's largest integrated projects with four office blocks, a five-star hotel, a retail mall, serviced apartments and residential apartments.

FACED with oversupply headwinds for its yet-to-be launched major and only residential project in Malaysia's Iskandar, Rowsley is now joining the growing bandwagon of Singapore firms betting on Myanmar's real estate.

The Singapore-listed firm that is part owned by tycoon Peter Lim said it