Singapore, 15 April 2014 - Sphere Conferences, the conference arm of Singapore Press Holdings Limited (SPH), today announced its partnership and Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to launch the Real Estate Show Myanmar 2014 (MRES 2014). Supported by Myanmar’s Union Ministry of Construction, the event is held alongside the highly successful Myanmar Urban Development Conference 2014 (MUDC 2014) from 26-28 May 2014 at Traders Hotel, Yangon.
Driven by its urban development, Myanmar’s real estate market is undergoing an unprecedented boom. Rental yield has increased exponentially for property owners in the recent two years. While foreigners are not eligible to own properties in the country currently, there is anticipation as details of the new condominium law will be released at the conference. There will also be updates from the Union Ministry of Construction on the government’s plans for the country’s onward urbanisation and from the Central Bank of Myanmar on the impact of future currency regulations on real estate investment in the country.
The first International Property Showcase Exhibition from 26 to 27 May 2014
, showcases local and international exquisite properties and serves as the perfect marketplace for interested tenants and buyers, both currently residing within and outside of Myanmar.
His Excellency U Kyaw Lwin, Minister of Construction, said: “I sincerely hope to reconvene with you at the conference, looking forward to meaningful exchanges and interaction amongst industry peers in the region. On behalf of the Ministry of Construction, I welcome you once again
, to our golden land.”
His Excellency will be delivering a ministerial address at the conference. The Ministry of Construction officials will be giving updates on the progress of the National Comprehensive Development Plan, the 5-year vision for the Myanmar Urban Blueprint, and the development of the provisional Myanmar National Building Code.
U Win Aung, Chairman of the UMFCCI, said: “This is definitely a good opportunity for the businesses in Myanmar to meet potential partners. As Myanmar transforms itself in the new era, the urban and real estate landscape will inevitably evolve to meet the needs of the people residing in the country, both native and foreign alike. This is the best chance to learn about the abundant opportunities here and how we can work together for Myanmar’s future.”
Mr Chua Wee Phong, Chairman of Sphere Conferences, said: “We are pleased that the Ministry of Construction and UMFCCI have endorsed the second edition of the annual conference dedicated to develop the physical landscape of Myanmar – the urban build and real estate sectors. MUDC 2014, RESM 2014 and the accompanying property exhibition will be held alongside BuildTech Yangon 2014 which will be taking place from 22 - 24 May 2014 at the Myanmar Convention Centre. With more than 30 high level power speakers and over 400 attendees joining us, these events will be the perfect platform for networking and knowledge transference opportunities. It is also where the available opportunities in the market will be uncovered.”
For more information about the event, visit the website: www.resm.sphereconferences.com
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Ms Lily Low
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Ms. Vanni Cheong
Corporate Communications & CSR
Singapore Press Holdings Limited
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About Sphere Conferences
Sphere Conferences, a conference arm of Singapore Press Holdings, produces conferences that are of the highest quality bringing inspiration, innovation and value to customers. Sphere’s purpose is to empower customers with big and fresh ideas and lasting relationships that will enable them to excel in their chosen markets, by providing unique networking and learning platforms whereby they can learn, network and do business. For more information, please visitwww.sphereconferences.com
About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across four languages. On an average day, 3.05 million individuals or 76 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 300 million page views with 20 million unique visitors every month. Apart from AsiaOne, SPH’s online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, omy.sg and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times’ iPhone application. SPH’s Chinese flagship newspaper Lianhe Zaobao has also launched its digital editions which include a web application, as well as online and PDF versions.
In the radio business, SPH UnionWorks Pte Ltd operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English. SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.
Events and Out-of-Home Advertising
SPH’s events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-of-home (OOH) advertising through its digital out-of-home platform SPHMBO.
SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT is managed by SPH REIT Management Pte. Ltd., which is a wholly-owned subsidiary of Singapore Press Holdings Limited.
The initial portfolio of SPH REIT comprises the following two high quality and well located commercial properties in Singapore:
· Paragon, a premier upscale retail mall and medical suite/office property, well known for its upscale mall housing many luxury brands, located in the heart of Orchard Road; and
· The Clementi Mall, a mid-market suburban mall located in the centre of Clementi town, an established residential estate in the west of Singapore.
· The Seletar Mall is SPH's latest retail development and is expected to open at the end of 2014. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
For more information, please visit www.sph.com.sg