The Phase-1 of Emerald Bay High-Class Condominium to be built near Shukhintha ring road in Thakayta Township will be complete in 2022 and the plan will be inclusive of yacht quay.
The press conference on the plan of Emerald Bay High-Class Condominium took place at the site where the project will be established on September 30.
“The investment capital for the project is US$ 800 million. The project area has 37 acres. The first plan is to build the structure on 17 acres of land. Phase-1 and Phase-2 are separated on 17 acres of land. The Phase-1 will include five structures and they will be delivered in March in 2022. The Phase-2 will be implemented in the last three years of the project and the plan will be inclusive of shopping mall,” said Mr. Dylan, the investment director of Emerald Bay.
At present the sale of apartments is in a downtrend position and it will take quite some time, but later it will be rising. Yangon is home to seven million people. Emerald Bay High-Class Condominium can keep abreast of international structures. It is suitable for those who are living with high standards, said Mr. Dylan, the investment director of Emerald Bay.
Yacht quay contains in the project and it will be constructed on the bank of Bago River. If completed, yacht teams will be established, and amateur fishing and floating parties will be held.
“The quay will be built within four or six months. This quay is meant not only for those residents from Emerald Bay High-Class Condominium but also for the people to take rest there,” said Mr. Dylan, the investment director of Emerald Bay.
The condominium project includes shopping center, shop rooms and two high-class swimming pools. International real estate companies will provide service. The public can take relaxation in the park.
Emerald Bay is being implemented by Yangon Golden Paragon Investment Company Limited.
Translated and Edited by Win Htut
