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.
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).
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.
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.
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.
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.