The detail of the real estate related news

$700 million worth project will be constructed by Ze Gabar and Chinese company

Myanmar real estate news “Zegabar Company collaborated with China based Zhejiang Luding Investment Company invested $ 700 million and will build Mingaladon Bazaar project,” said U Khin Shwe, owner of Zeygabar Company.

That project will be built on the land of Zegabar’s Mingalardon Garden Housing, near to Aung Mingalar Highway Bus Station, Minglardon Township, and North Okkalapa Township.

Zhejiang Luding Investment is the main company which implementing the Bazaar in China.

The current project will be built on the land area 124 Acre, Shopping Mall, Cinema Hall, Residents building and then commercial building are including in the project.

“The purpose of building in that place is because the government have planning to construct two storeys high way road,” said U Khin Shwe.

Later if shopping in downtown, driving through high way then you will get in Mingalardon Garden City. Actually, you will faced a lots of traffic Jam problem, if you go for shopping at 38 street and Ma Go Street. Thinking of to build a big perfect shopping Centre which available all kinds of things near to the high way main road. The Chinese also collaborating in such a way, he said.