Sunday, July 31, 2016
The Myanmar Times
The Myanmar Times

Yangon spends K1 billion to unblock drains

Work is under way to prevent further flooding in 15 Yangon townships, including the six downtown townships that are worst afflicted. City authorities are spending K1 billion to remove silt and rubbish from the drains.

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Government sets K12 million price cap for low-cost housing project

More than 2000 homes are to go on sale next month in three low-cost housing projects built by the Ministry of Construction in Dagon Seikkan and Hlaing Tharyar townships. The most expensive apartments, on the ground floor, will sell for K12 million, said U Min Aung Aye, deputy director of the ministry’s Rural and Housing Development Department on June 20.

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Ayeyar Chan Thar luxury housing set for 2018 finish

January 2018 has been set as the completion date for the first phase of the Ayeyar Chan Thar luxury housing complex in Dagon Seikkan township. Phase one of the project is now about 40 percent complete, said spokesperson Daw Hla Thuzar New yesterday.

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Yangon committee starts high-rise inspection visits

A newly formed Yangon Region government committee will make its first site visits to review suspended high rise projects today.

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Yangon's high-rise review to finish soon

The Yangon Region government will finish scrutinising suspended high-rise projects within the next week, Yangon Region’s chief minister told yesterday’s parliament session.

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Golden City denies Toener link

Luxury condominium and hotel project Golden City has denied any involvement with Chinese firm Toener Investment Group, which lists Golden City as a real estate project on its website.

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Chinese group to develop 31-acre luxury complex in Yangon

The Chinese investors behind two major residential projects in Yangon are preparing to launch another huge development on a 31-acre site beside the city’s Hlaing River.

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Developers face penalties amid construction ban

As a city-wide suspension on high-rise projects continues, developers in Yangon say they will have to pay penalty fees to buyers for failing to complete their projects on time and may be forced to default on their bank loans.

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