Housing prefab maker enters Myanmar

Revolution Precrafted, a fast-growing local startup that supplies prefabricated homes globally, has signed a non-exclusive agreement to supply Myanmar’s KT Group for its $1.2-billion Okkyin City and other key projects.

In a statement, Revolution Precrafted said the agreement is for the manufacture and supply of prefabricated homes in key developments in Yangon, including the riverfront Okkyin City which is envisioned to be Myanmar’s landmark sport and internet hub.

“We are excited to announce our agreement for the manufacture, shipping and installation of prefabricated homes to Myanmar, one of the fastest growing economies in Southeast Asia,” said Revolution Precrafted Founder Robbie Antonio.

He added that the the Revolution Precrafted’s entry into the Myanmar market is a key milestone that strengthens the companys expansion to Indochina and the rest of the world.

Aside from Okkyin, Antonio said Revolution Precrafted is also in talks with KT Group to develop other land assets in Yangon.

He revealed that Revolution Precrafted has agreed to build residential projects in the Okkyin mixed-used development project, which would cost at least $350 million to develop.

Sales revenues from the project is pegged at a conservative amount of $1.2 billion, but this projected revenue may increase if Revolution Precrafted agrees to build high-rise properties as well.

Revolution Precrafted intends to build 36-square meter Origins and 23 square meter Crib basics for Myanmar homebuyers. These are simple, sleek but functional prefabricate homes that can be completed in 3-6 months.

“We believe that these mid-market prefabricated homes will appeal to a significant chunk of the Myanmar population,” Antonio added.