The new City Loft project of Yoma Land which was announced on December 21 is targeted at middle class. The City Loft project will be launched on a 22 acres land in a compound of Yoma Star City in Thanlyin. Unit price is projected at the range of 42 million MMK to 16O million MMK. Buyers can make 3O% down-payment and the remaining amount can be spread over within 25 years with a 13% interest rate. Mr. Serge Pun, chairman of Yoma Land mentioned that the City Loft apartments offer the first of it kind in Myanmar.
Bus service and jetty will be made available for the residences. Jetty for Star Ferry service will be built in the near future according to Mr. Pun and Ferry will leave from the jetty every 15 to 2O minutes consecutively. Ferry will transport Star City residences to Pansodan Jetty and the construction of the jetty will be completed within a year. As road extensions and other oncoming projects near Thilawa SEZ are also being processed, the demand for the City Loft project is expected to take off.