Oxley unit signs deal on Myanmar project

A SUBSIDIARY of property developer Oxley Holdings has signed an agreement on a Myanmar project. Oxley Myanmar will build a 20-storey commercial and residential development called Min Residence in Mayangon Township in northern Yangon.

The project will last around three years. It will be on a 3,185-acre (1,289- hectare) plot of land owned by U Yang Ho.

Oxley will pay for the construction cost of the project, to be determined after contracts are awarded to contractors and design consultants. It will clear the land, procure all construction works, appoint engineers, design, and advise on the marketing of the project.