Sunday, January 22, 2017
The Myanmar Times
The Myanmar Times

MIC cancels Yangon heritage tender

Myanmar Investment Commission has cancelled a long-running tender to redevelop a heritage building in downtown Yangon, more than one year after awarding the project to a local company.

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Speculation squeezes potential gains from Dala property

The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged.

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South Korean developer builds $120m project on military-owned land

A South Korean company has begun construction of a large mixed-use project on land owned by the Ministry of Defense, under an agreement with military-owned conglomerate Union of Myanmar Economic Holdings Limited (UMEHL).

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Shwe Taung to complete underpass in six months

Myanmar's first pedestrian underpass will open in Yangon within the next six months, according to developer Shwe Taung.

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Parliament urges enquiry into last-minute rush for lucrative deals

The National League for Democracy called yesterday for an immediate investigation into a recent wave of lucrative business deals that have seemingly been fast-tracked by officials in the outgoing government.

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Low-cost apartments in Yangon’s Yuzana Housing to go on sale

Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday.

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YCDC official takes new swing at foreign development

An outspoken member of Yangon City Development Committee has taken to social media to question whether international developer Marga Landmark has obtained the necessary permissions to build its mixed-use development on a new site, while other government officials say all approvals are in place.

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Ministry surveys Dagon Seikkan land for rental housing

The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times.

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