Saturday, August 27, 2016
The Myanmar Times
The Myanmar Times

Yangon high-rise review will cause bankruptcies, developers say

Twelve developers ordered by the government to reduce the scale of their high-rise residential projects in Yangon said yesterday that the review – which includes a total of 222 projects – could cause up to US$6 billion in losses and force many companies out of business.

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Official defends Yangon high-rise review as more results due

A member of the Yangon high-rise inspection committee charged with a city-wide review of high-rise projects has defended the controversial inspections, saying they are a “one off”, as developers brace for the second batch of results to be released tomorrow.

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Developers let workers go as high-rise review continues

Two months into a city-wide suspension on high-rise construction, some Yangon developers faced with frozen projects are telling their workers to seek employment elsewhere.

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Developers to challenge results of high-rise review

High-rise developers ordered to drastically change the designs of their projects are planning to challenge the government, on the basis that its review of Yangon developments was not transparent.

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Review orders dramatic changes to Yangon high-rises

Yangon authorities have told 12 developers to drastically change their project designs, in the first round of feedback following a drawn-out review of high-rises across the city, according to documents released yesterday, seen by The Myanmar Times.

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Yoma signs shareholder agreement for Landmark

Yoma Strategic has completed another step on the long road toward starting work on a 10-acre mixed-use luxury development in downtown Yangon.

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Drop in illegal construction as Yangon market slows

Fewer developers have been charged for building without a permit in Yangon this year than in the past two years, according to a city official, who believes this reflects a slowdown in the city’s construction sector rather than a growing respect for the law.

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Yangon committee to release high-rise inspection results

A Yangon Region government committee charged with reviewing high-rise projects approved by the previous government to decide whether or not they should go ahead will release its first round of inspection results today or tomorrow, one of its members said.

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