Soilbuild wins maiden contract in Myanmar
US$50.4m project to build condo comes after two years of providing project management services there
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AFTER about two years of observing the construction landscape from the sidelines in Yangon, Myanmar, Soilbuild Construction Group is finally ready to take the plunge on its first full-fledged construction project - to build a high-end luxury condominium in the city centre.
It said on Tuesday that it has been awarded a design and build contract worth US$50.4 million to build Rosehill Residences, a 24-storey, 176-unit condo along Kabar Aye Pagoda Road, near the city's most famous Shwedagon Pagoda. The condo also has four levels of semi-basement. The project is scheduled to start in the third quarter of 2015, and will be completed in 40 months.
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