Japanese firm Shinwa Group, Pressance Corp, and Thai-based Prebuilt Plc have set up a joint venture firm to develop a condominium project, REN Sukhumvit 39, worth Bt2.6 billion.

MYANMAR’S per capita annual income, at US$1,204, may be among the lowest in the world, but KAE Alliance believes there are plenty of rich people in Myanmar who can afford a luxury condominium unit outside the country.