Yangon, Yangon – September 15, 2015 – With the cancellation of a number of high profile projects, the guaranteed BOT property sales in Yangon real estate were thrown into skepticism. Sources have found that the major reason behind such controversy is an article “Caution Urged for Yangon BOT Property Sales” which contained some misleading comments about BOT projects and their developers.
While investors are in this climate of fear, Hugo Slade, the Managing Director of Slade Property Services considers this situation not as bleak or as risky as it is being portrayed. During an interview when enquired about the confusions on BOT property sales, Hugo Slade provided positive responses that pacify the hearts of Myanmar investors.
“On behalf of Hoang Anh Gia Lai (HAGL), the developer of The Myanmar Centre, one of the leading BOT projects in the country, I would like the opportunity to dispel some of the negative rumors. BOT is not property for sale but it is a long leasehold investment and a lifestyle option that enables people to live in high-value and convenient locations in Yangon. It serves as an alternative, more affordable option beyond simply purchasing land, a house or a condominium.”
Hugo Slade, a premier real estate consultant in Yangon who founded Slade Property Services, has 10 years of working experience in real estate advisory, having worked for Cushman & Wakefield (C&W), a global, privately owned real estate advisory company that is considered to be one of the largest and best in the world.
He also added, “The truth is that there are many BOT projects in Yangon that are legal, have all permissions from the necessary authorities and are performing well, such as The Lake Suites, the residences of the Myanmar Centre being developed by Hoang Anh Gia Lai Myanmar Ltd. Unlike others we focus on promoting transparency and trust. While some BOT developers may have seen a decline in reservations, that’s not the case with HAGL. In fact, we are well ahead of where we expected to be at this point, with our first phase units almost all booked and a waiting list for The Lake Suites’ penthouse apartments.”
Just like their partner, HAGL are investing in the long-term future of Myanmar. As part of a mixed-use property, their residential units give customers, or their tenants, easy access to offices, restaurants, shops and services, and a five-star hotel in one place.
About Slade Property Services:
Slade Property Services, a privately owned real estate advisory company specializes in commercial real estate in Yangon, Myanmar.
For more information, visit http://sps-myanmar.com/
Distributed by Slade Property Services
Company Name: Slade Property Services
Contact Person: Hugo Slade
Phone: +95 (0) 9 799 650 076
Address:288/290 Shwedagon Pagoda Road
Country: Burma (Myanmar)