The leading American beverage steel and aluminium cans manufacturer, Ball Corp., will invest 40 million US $ to built it’s plant at Thilawa Special Economic Zone, according to a company announcement on 6th of June, 2014. The company signed a lease in the Zone, which is a Myanmar–Japan joint venture, with a 51/49 per cent ratio. Ball Corp will invest 40 mio$ in the first step and raise the investment to 100 mio$.
Farmers have to move, to let companies built their plants on the ground of the 2400 hectar site situated adjacent to the Thilawa Port in Thanliyn township, where once the rice grew.
What Thilawa Project means shows the map on
http://www.slideshare.net/fullscreen/myanmarbusiness/myanmar-investment-opportunity-new-special-economic-zone-sez-8158990/2, where is announced that 500 firms have already signed MOU which means a tentative agreement, where the contracting parties signed that they intend to built their plant in Thanlyin Thilawa SEZ.
But what is Thanliyn?
Thanlyin Township comprises 17 quarters and 28 village tracts. It is home to the largest port in the country, Thilawa Port. Thanlyin Township comprises 17 quarters and 28 village tracts and has totally 181000 people in 2009. It is home to the largest port in the country, Thilawa Port.
An example of real estate projekt in Thanying is the Star Projekt, invited at a youtube-video you could watch at http://www.youtube.com/watch?v=z8gfYjXJflk
This will be a fast development if you compare this study with the following videos of the present Thanying.
It is difficult to imagine how the city of 17 villages will develop, unitl the Thilawa Special Economic Zone with its 500 Corporations will be finished.
Furthermore it was reported that the foreign investment in Myanmar’s mining sector amounted to $ 2,862 million as of the last week of March, 2014.
More details http://www.myanmar-business.org/2014/04/china-is-major-investor-for-mineral.html.
As it is very difficult to find data about the development of real estate prices in Myanmar but the prices increased significant in 2011 and 2012 in Myanmar’s capital Yangon, the Singaporean serviced apartment chain The Ascott Limited has announced moves to expand into Myanmar.
And the prices for houses in Thanlyin are still not too high.
So the real estate prices in Thanlyin could increase significanly in Thanlyin in the next years, while the Thilawa SEZ will be built.
Last but not least for all epicures a very nice picture.