The Riverside Development is a new project in which YSH has expressed its intention to the SPA Group to exercise its first rights of refusal to acquire 52.5% of the land development rights of this project from the SPA Group. The remaining 47.5% of the rights are held by FMI.
The Riverside Development Project is a new development approximately 40 acres of land situated on the banks of Hlaing River in the Hlaing Thaya District of Yangon, Myanmar. Primarily, the Riverside Development comprises a total floor area of 1.35 million square feet and is situated adjacent to the FMI City - Orchid Garden. Once the acquisition is fully complete, YSH intends to develop approximately 630,000 square feet for sale in two phases. Further development of remaining land area is subject to the Group’s assessment of prevailing market conditions.
The Riverside Development is a new project in which YSH has expressed its intention to the SPA Group to exercise its first rights of refusal to acquire 52.5% of the land development rights of this project from the SPA Group. The remaining 47.5% of the rights are held by FMI. 
