An artist’s impression of Airport View Tower.

BUILDING work has begun on Airport View Tower at 9 mile on Pyay Road, a 20-storey development near Yangon International Airport, the developer said this month.

Shwe Pyi Thit Development Group began work on the three-acre site at the end of April; it expects to finish building by October 2005.

“We expect the cost of the project to reach K8 billion,” said U Zaw Zaw Naing, managing director of Shwe Pyi Thit Development Group.

The development will include three towers, two of which will be 14 stories and the third 20 stories.

The development will include a two-storey shopping centre at the base of each tower. The remaining floors will feature apartments with up to 1800 square feet of floor space and a further four penthouses on the top floor of each of the towers.

Facilities will include a Private Automatic Branch Exchange telephone system, car parks and dual lifts in each tower.

“The price of the apartments will be fixed between K40 million and K50m. We have not yet opened sales but 50 units have been reserved so far – most of the buyers are from the surrounding area,” U Zaw Zaw Naing said, adding that the price of the penthouses has not yet been determined.

“We are developing this project especially for those who are looking for easy access to the airport and peace and quiet,” he said.

Airport View Tower replaces a tower factory owned by Ministry of Industry (1).