68 Residences is an interesting piece of property for several reasons. The big one is as follows – despite being marketed in Singapore, 68 Residences is only open to sale for Myanmar Citizens who are living in Singapore. Singaporeans and other PRs are not allowed to purchase any of it. Over 150k Burmese expats currently live in Singapore, so there is still a huge market to choose from.
Located in the corner of Saya San Road and KabaAye Pagoda Road in Yangon, this Freehold development is a 26 story building (residential units start from floor 4+) and estimated to be complete in the 3rd quarter of 2017.
This property has excellent connectivity by being situated in one of the most sought-after areas of Yangon. With only a 10 minutes’ drive to the CBD, it’s been compared to a property in Orchard Road if one were to use Singaporean terms. As one of the few high class Condominiums in Yangon, it is a must if you are looking forward to living the high life in Myanmar.
If you are a Myanmar citizen currently living in Singapore, this may be a good opportunity to obtain a piece of property, especially if you plan on returning to your home country one day, you’ll have a fantastic condominium for yourself one day. For everyone else, perhaps things may change over time and open up, you never know.
We hope this has been helpful insight into your future plans of property investment. If you’re looking to take advantage of this opportunity, at Condo New Launches we have a wide variety of information on new properties for you to pursue.
