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.
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.
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).