The Myanmar Times
Wednesday, 23 July 2014
The Myanmar Times
The Myanmar Times

JICA bridges a funding gap

Japan has pledged to spend four billion yen (US$39 million) to build a bridge to from Yangon city to Thaketa township, according to an official from Japan International Cooperation Committee.

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Pre-pay buyers warned that promised projects don’t always end well

Buyers of unbuilt apartment units ought to tread carefully when dealing with building contractors who take the money before construction work even begins on an apartment building, according to experts.

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Rains slow construction boom

The rainy season has brought its annual reduction in demand for construction materials. Prices have likewise fallen, but even the hardiest developers have little interest starting to building foundations and putting up buildings in the rain.

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A towering home for the largest families

Fresh offerings are often snapped up quickly in the Yangon market, and this large new three-storey stand-alone in Yankin township will likely be no different. 

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Hilton partners with Eden Group, announces five new hotels

American hotel operator Hilton Worldwide has expanded its presence in Myanmar, signing a contract to manage another five hotels following its entry to the country last year.

 

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Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices.

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Crackdown coming for Yangon’s many unlicensed contractors

Unlincensed contractors are facing a crackdown as the Yangon Region government is spurring municipal authorities into action.

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Kyaukphyu SEZ plan nears finish as ‘mud volcano’ causes move

The developers behind Kyaukphyu Special Economic Zone plan to release the master plan at the end of June, even as a “mud volcano” has forced some of the project to move, according to officials.

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