impression of the Pyay Garden Condominium.
PYAY Garden Condo-minium, Yangon’s tallest building, will
be completed and open to tenants early next year, announced the
project’s developer, Zaykabar Co., Ltd.
“It is completed up to 25 stories. We need to finish some
exterior and interior work, but I hope it will be completely finished
and ready to open by early 2008,” Zaykabar chairman Dr Khin
With 180 apartments on 25 floors, the tower in Mayangone township
will be the country’s tallest building, residential or otherwise.
Designed by Singaporean firm ADDP Architects, work started on
the first of three identical towers that were intended to make
up the Pyay Garden project in 2003. Originally slated for completion
in late 2005, a general downturn in the housing market delayed
construction and work began on only one of the three planned towers.
Dr Khin Shwe said the building’s total cost would reach
about US$10 million and, other than some bricks, sand and stone,
all materials have been imported.
“We value quality. The building should meet the same standards
as in Thailand and Singapore, but the prices will not be the same
as in those countries,” Dr Khin Shwe said. “The amount
is about 20 times less than what you would pay for a condo in
“One foot square would cost $500 in Thailand and $2000
in Singapore, but here it only costs $100,” he told The
Buyers have the option of two- or three-bedroom apartments,
measuring 1283 and 1404 square feet respectively, as well as “double
volume” penthouse units. Shwedagon Pagoda is visible from
every apartment, each of which comes with its own car park.
About 45 percent of apartments have been sold.
A gymnasium, hall for religious services (damayone) and canteens
are included in the project, but Zaykabar is pinning hopes on
a large swimming pool at the base of the building as a key selling
point – though it has been scaled down from initial plans
developed when three towers were to be built.
“Centred at the heart of the development, lined with tropical
plants, trees, palms and blooms of exotic flowers, is the main
recreational activity zone – the main pool,” reads
Zaykabar’s glossy, English-language brochure.
The pool will be flanked by “extensive” sundecks
and a nearby clubhouse will help make it an attractive place to
hold functions, it adds.
Dr Khin Shwe said all apartments will be fitted with a security
system incorporating cameras outside each unit that allow residents
to see who is at the door without having to open their homes.
The Zaykabar chairman also said residents could be assured of
24-hour electricity and phone services.
“Everything is being arranged for the convenience or residents
– telephone lines and electricity supplies are being set
up so as to never cut out. There is a generator on standby which
can even power air conditioners,” Dr Khin Shwe said.
“I hope the Pyay Garden Condominium will make Myanmar
proud because of the services and security arrangements it provides
residents,” he added.