Wednesday, May 04, 2016
The Myanmar Times
The Myanmar Times

Squatters move to contested rubber plantation

Scores of people are moving to a former rubber plantation in Kawhmu township, Yangon Region, attracted by the chance of owning their own land, while mystery surrounds the real ownership status of the plantation.

Continue reading »

Demand sky-high for Mahabandoola rental housing

Applications from would-be renters in Yangon’s newest public housing development have been flooding in, at a rate 30 times greater than the space available, officials say.

Continue reading »

Bridge to connect Yangon with Southwest New City

Three companies recently awarded a contract to develop a large area of land in Southwest Yangon will begin the project by building a bridge across the Hlaing River from the new development to the city’s downtown area.

Continue reading »

Real estate prices shoot up in Kawhmu

In Kawhmu, a rural township on the Southwest fringe of Yangon, real estate prices have risen as much as 30 times, according to residents.

Continue reading »

Mandalay hospital developer takes on MCDC

Investors who say their hospital was unlawfully confiscated by Mandalay city authorities are planning to launch a legal appeal to recover it.

Continue reading »

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.

Continue reading »

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.

Continue reading »

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).

Continue reading »