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ETC Singapore to ally with Yoma Bank in Myanmar Golden City project

Stanislaus Jude Chan Published on Mon, Oct 02, 2017 / 8:50 AM GMT+8

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SINGAPORE (Oct 2): Emerging Towns & Cities Singapore (ETC Singapore) has entered into a strategic partnership with Yoma Bank to provide affordable financing to Myanmar citizens for its flagship Golden City project in Yangon, Myanmar

Together with Yoma Bank, Golden City will introduce a 15-year home loan programme, offering instalment plans to locals looking to own the project’s high-end apartments and condominiums.

With home buyers required to pay a down payment of 30% of the residential unit’s cost, Yoma Bank will extend home loans to support the remaining 70% of the purchase price.