Women gaze at the newly opened Kabar Aye Gamone Pwint Condominiums. Pic: Aye Zaw Myo

KABAR Aye Gamone Pwint Condominiums opened on December 17 in Mayangone township, opposite Kabar Aye Pagoda, said U Nay Lin Oo, the managing director of Gamone Pwint company.

The complex is 14 storeys and will include 108 condominiums.

The company has cooperated with the Yangon City Development Committee (YCDC), which owns the land, to build and sell the condominiums since 2003.
Prices for these will range from K70 million up to K120 million, depending on the size.

Before construction began in 2003, the site had been the township’s main marketplace. This market was shifted to an adjacent area but there has since been complaints from a number of vendors about the appropriateness of this location, with a lack of security cited as a key concern.

U Nay Lin Oo said the company is working to address these concerns.

“We plan to resettle the market in Basement 2 at the end of January, which will allow the individual shop owners and vendors their own space. This should provide both shop owners and residents the security they require,” he said.

“There are 40 shops in the Gamone Pwint depart-mental store and there will also be one café and a playground,” Daw Myat Myat Moe, the company’s sales manager.

“According to our agreement with the YCDC, our company will own and be able to sell 54 condominiums. In fact, we’ve already sold between 20 and 30 percent of these.”