An artist’s impression of Shine Tower 9

SHINE Construction Company will begin building the accommodation to be used by the delegates of the ASEAN Summit in Yangon in 2006, the company told Myanmar Times last week.

“We plan to finish (the project) by June, 2006, before the ASEAN Summit,” U Aung Zaw Win, managing director of Shine, said.

“I am very proud of having a chance to do this project because the officials who come to the ASEAN Summit will stay here (at Shine Tower 9). Aside from that, this project is in the downtown area so we are confident it will sell.”

Shine Tower 9, a ten-storey residential building on Mahabandoola Garden Street in Kyauktada township, will be developed on 0.35 acres of Ministry of Home Affairs land. Shine will therefore pass 20 per cent of the building over to the ministry, Shine’s managing director, U Aung Zaw Win, said.

“We will give the fourth, fifth and sixth floors to the Ministry of Home Affairs. The fourth floor will be used as the meeting hall of the ministry,” he said.

The original plan had been to build a 20-storey building, but due to car-parking requirements, plans were changed, he added. The car park will be situated in the basement, with a shopping centre on the ground and first floors.

Shine plans to invest K2 billion in the project.

The apartments, which will range in size from 1457 square foot to 2075 sq ft, will feature three bedrooms, a living room and a dining room. Two lifts will be installed in the building.

The company has not fixed prices on apartments at the project yet but will begin sales in November, the end of Buddhist Lent, when the market is expected to pick up, U Aung Zaw Win said.