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Mitsubishi Estate to build 50b yen 'Marunouchi' of Myanmar

Japanese real estate giant will export its development system of office buildings, apartments and hotels to Yangon to address chronic shortage

The landscape of the Marunouchi district in front of Tokyo Station (above), which was rapidly developed from the Meiji era (1868-1912) through the rapid postwar growth period, has been cited as a good model for the Yangon development project.


MAJOR real estate firm Mitsubishi Estate Co is planning to start a roughly 50 billion yen (about S$600 million) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in Yangon, Myanmar.


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