Tuesday, May 31, 2016
The Myanmar Times
The Myanmar Times

Chinese-backed condominium project launches in Yangon

Chinese group Toener Investment has launched sales of a new five-tower condominium project in Yangon’s Yankin township known as Kanbae Towers.

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Condo buyers struggle with hire-purchase payment

Developers of residential projects in Yangon have found themselves with less cash than expected, as buyers fail to stick to the terms of hire-purchase plans and do not make regular payments.

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Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City.

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AccorHotels plans six new properties in Myanmar

French group AccorHotels is planning to build six new properties in Myanmar by 2019 – in Yangon, Mandalay and Shan State’s Muse and Inle Lake.

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Yangon realtors call for wide-reaching reforms

Yangon real estate agents are hoping the incoming government can breathe new life into the real estate sector, where sales have slowed over the past couple of years to a near-standstill, condominium units lie empty and a growing number of people are unable to afford basic accommodation.

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Residents demand pay for new Yangon bridge

Sampan operators and homeowners who have been asked to make way for a new bridge that will link downtown Yangon to a huge new development to the southwest of the city are demanding hundreds of millions of kyat in compensation.

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Yangon planner aims for 35% high-rises

Up to 35 percent of Yangon city could be devoted to high-rise buildings, with about 15pc to 20pc devoted to parks and open spaces, planners say.

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Background check for Yangon low-cost housing lottery winners

Lucky winners in a lottery for renting low-cost apartments in Yangon will have to undergo a background check before they are allowed to move in, officials said.

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