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Published on Wednesday, 07 November 2012 19:57
The Traders Hotel and the Sakura Tower, the two tallest buildings in Yangon (Photo - Myo Min Htet/EMG)
A Myanmar construction company will start to build the country's tallest building in Yangon next year.
The 38-storey 555 Merchant Office Tower will be built at the corner of 36th street and Merchant Street in Kyauktada Township, National Trading Company's director Maung Maung Win told a press conference on November 3.
"Buildings over 16-storey are [normally] not allowed here [in Yangon]. However, when we applied the proposal for the building [555 Merchant Office Tower], there were unexpected changes. We are still undergoing discussion, but we are sure that we are going to build this project," said Maung Maung Win.
It will take 18 to 30 months to complete the construction works which are set to launch in mid 2013.
The company estimated the project would cost more than US$100 million.