Innocity Apartment in Yangon, ready to move in

 Innocity, a service apartment built by a Korean construction company in Yangon, Myanmar, was completed.

innocity condo

At the time of the groundbreaking, Innocity attracted great attention from many Myanmarese, Korean investors and foreigners.

However, during the construction period, construction has been delayed for a considerable amount of time due to COVID-19 and the coup in Myanmar. Due to the delayed completion, buyers who invested in Myanmar suffered significant losses.

The company attributed all responsibility to Corona 19 and the Myanmar military coup in calculating delay compensation.

These excuses resulted in the long-awaited investors losing their trust in the company. Investors think that the company is using a trick to escape responsibility because of the completion inspection, even though it is practically impossible to move in.

The innocity service apartment is the first Korean-style service apartment in Yangon, and there is a lot of local interest in Myanmar. The use of the golf course next to the apartment and the large supermarket are great locational advantages. Attention is focusing on how innocity will compete during the slump in the Myanmar real estate market.

In addition, restoring trust with investors is the most important factor for innocity. Trust between Korean investors and companies is very important for the success of Korean apartments to be built in Myanmar in the future.

innocity apartments are waiting for their tenants. Realtors are watching with interest to see what the outcome will be.