Local property developer Mottama Holdings held a topping out ceremony for its project, M Tower, which is the first high-rise steel-structured office building in Myanmar.
More than 8000 tonnes of steel is being used to construct the 26-storey, 111-metre tall building, which will be fully complete by 2020, said U Yang Ho, chair of Mottama Holdings.
The 5A-grade office tower, which is being constructed using Japanese and Taiwanese technology, is located on Pyay Road in Yangon. The structure will be produced by Min Dhama Steel Structure Co Ltd (MDSS), which is a subsidiary of Mottama Holdings.
Indeed, Motamma Holdings actually has eight other major projects in the pipeline. Including M Tower, the properties are valued at a total of US$1 billion and expected to be all completed by 2022, according to the company’s announcement. The projects include residential apartments, office towers, shopping malls and public-recreation centres.
Source: Myanmar Times