Myanmar: Ascott will manage the 68 Residence building in Yangon, which is due to open in December 2020.
The 26-storey property will feature 230 serviced apartments, which are being sold to investors. So far 150 have been sold.
Aung Naing Moe, of developers United GP Development Co.,Ltd, said: “This building can withstand an 8.5-level earthquake, so it should be one of the most resilient buildings in Yangon. To have such an iconic building in our city, quality foreign fittings are used – from the small items such as door locks, to the larger things like furnishings and fittings. Yangon has very few iconic or outstanding buildings on its skyline. The coming 68 Residence will become a landmark to represent the city.”
Residential apartments will be available from the 5th floor and above, with a gym, function room, reading lounge, residential lounge all located on the 25th and 26th floors.
“We’ll install large generators, so the residents won’t even know the feeling of a power outage. As it’s a 27-storey building, with a location-specific fire alarm system installed. Fires can be extinguished at the exact locations, and as soon as they start,” Aung Naing Moe said.
Located on Kaba Aye Pagoda Road, a ring road is also being constructed with the aim of reducing traffic congestion for both the residents and other people after the project is complete.
The development will be known as Somerset Kabar Aye Yangon.
