Saturday, July 30, 2016
The Myanmar Times
The Myanmar Times

Farmers urge region government to restart Southwest New City project

A farmers group is pressing local authorities to resurrect the controversial Southwest New City project. Though the three companies selected to build the new city were ready to proceed on the basis of approval from the outgoing Yangon Region government, the incoming National League for Democracy government said it would cancel the project if residents did not benefit sufficiently.

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High-rise suspension drags on

Developers desperate to restart suspended high-rise projects in Yangon remain in limbo as a government review drags on. Members of the Yangon Region government committee tasked with conducting a final inspection on 64 buildings say they are still awaiting reports on the first 12, and will not continue inspections until those reports are in.

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Lotus Hill starts new villa sale

Developer Serge Pun & Associates opened sales for its new luxury development, Lotus Hill, at the Pun Hlaing Estate in Hlaing Tharyar township on June 25.

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More effort needed to tackle idle industrial land

A month after the first site visits to inspect idle industrial plots in Yangon, officials are warning there will be no progress in freeing up unused land without a special committee that has the power and resolve to revoke the leases of absentee owners.

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YCDC stops accepting high-rise applications

As government engineers continue their inspections of high-rise construction sites where work has been stopped pending their review, Yangon City Development Committee has announced the suspension of existing policies and procedures for applications from developers who want to put up tall buildings in the region.

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Low-cost homes no danger for private developers

Private builders see no threat in the government’s drive to put up thousands of low-cost homes. Local developers and real estate agencies do not see any downside for the private construction industry in the plan to offer publicly funded apartments for K10 million or less.

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Sales start on third Lake Suites tower

Vietnamese developer Hoang Ang Gia Lai (HAGL) has launched sales in the third and last of its Lake Suites towers –part of the firm’s landmark Myanmar Centre project.

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High-rise inspection to run into next week

The Yangon Region government’s review of 64 suspended high-rise projects will continue into at least next week, and the results of the inspection will only be made public once all the building sites have been surveyed, according to officials involved in the review.

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