Singapore, 26 May 2014 - Sphere Conferences, the conference arm of Singapore Press Holdings Limited (SPH), today launched Myanmar’s first real estate and urban build event - Real Estate Show Myanmar (RESM) 2014 and the second annual Myanmar Urban Development Conference (MUDC) 2014. Co-organised with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), and supported by Union Ministry of Construction, Myanmar, the events are held at the Sule Shangri-La, Yangon, from 26 to 28 May 2014.
The three-day event attracts over 200 urban planners, architects, developers, building users, capital investors and key real estate and urban development stakeholders from across the region, providing the platform for discussions and debates on the potential growth plans surrounding Myanmar’s urbanisation and investment opportunities in Myanmar’s real estate.
The conferences cover key areas of urban and real estate development- ranging from infrastructure & utilities, building & construction technologies and city planning; to real estate investment opportunities and the retail mixed-use development trend in Myanmar.
His Excellency U Kyaw Lwin, Minister for Construction, said: “The Ministry of Construction is pleased to be the patron once again for the second edition of MUDC 2014. Within the short span of a year since we last gathered here, the government has taken incremental steps towards urbanising Yangon- gradually upgrading and formalising informal settlements, working towards a steady supply of electricity for the people, and the establishment of the Construction and Housing Development Bank, to name a few. There remains much to be done. We look forward to meet, share knowledge and establish businesses with the industry peers during the event.”
One of the key highlights of MUDC 2014 and RESM 2014 is the keynote joint plenary session featuring the Ministry of Construction, Myanmar, where the insights into the union government’s plans and updates on the Myanmar urban blueprint will be shared.
Mr Chua Wee Phong, Chairman of Sphere Conferences, said: “With an estimated population of 60 million and the rapid economic growth, there are vast opportunities in Myanmar’s infrastructure, building and construction sectors. Over the past two years, there has also been a massive surge in real estate prices in Yangon and Mandalay. In Yangon, land prices in the city centre range between US$1,000 to US$3,000 psf, while land in prime areas outside the city centre fetch between US$800 to US$1,500 psf. Many Myanmar businessmen and developers are riding on the property boom to develop new residential and commercial buildings. At MUDC 2014 and RESM 2014, we offer unparalleled networking opportunities with experienced leaders and experts, engaging panel discussions and successful case studies for urban and real estate development leaders to exchange ideas and collaborate in achieving greater success.”
The importance of the Myanmar market is made evident by the presence of the region’s key urban and real estate development names like Capital Diamond Star Group; Cities Development Initiative for Asia (CDIA), Department of Town & Country Planning, Government of Thailand, International Society of City and Regional Planners (ISOCARP), Leopard Capital, Qing Jian International (Myanmar) Group Development (CNQC), SANY Group, Shwe Taung Group, Silk Road Finance, Singapore Institute of Planners, SPARK, Urban Redevelopment Authority Singapore and Yoma Strategic Holdings. The industry leaders shared expert insights and experiences in the hope of helping shape the urbanisation of Myanmar.
U Win Aung, President of The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), said: “We are happy to be the co-organiser of both MUDC 2014 and RESM 2014. UMFCCI serves to lead the Myanmar business community into globalised economy and the conferences certainly provide a great platform-one which offers tremendous collaboration opportunities between the Myanmar companies and the international community.”
For more information about the event, visit the websites: www.mudc.sphereconferences.com and www.resm.sphereconferences.com.
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For more information, please contact:
Ms Zhu Jiahui
Tel: (65) 6848 5378
Ms. Vanni Cheong
Corporate Communications & CSR
Singapore Press Holdings Limited
Tel: (65) 6319 1553
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, SPH's suite of digital products includes online editions of newspapers and magazines, as well as mobile applications. Our online products enjoy 360 million page views with 23 million unique browsers 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 SPH Razor. 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. The Malay language-daily Berita Harian has apps for both iPhones and Android smartphones and iPads, offering both native and PDF formats, and an online version.
In the radio business, SPH Radio 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.