Saturday, May 28, 2016
The Myanmar Times
The Myanmar Times

Shwe Taung to complete underpass in six months

Myanmar's first pedestrian underpass will open in Yangon within the next six months, according to developer Shwe Taung.

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Parliament urges enquiry into last-minute rush for lucrative deals

The National League for Democracy called yesterday for an immediate investigation into a recent wave of lucrative business deals that have seemingly been fast-tracked by officials in the outgoing government.

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Low-cost apartments in Yangon’s Yuzana Housing to go on sale

Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday.

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YCDC official takes new swing at foreign development

An outspoken member of Yangon City Development Committee has taken to social media to question whether international developer Marga Landmark has obtained the necessary permissions to build its mixed-use development on a new site, while other government officials say all approvals are in place.

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Ministry surveys Dagon Seikkan land for rental housing

The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times.

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Budget falls well short of low-cost housing needs

The budget for building affordable housing over the coming year will cover just a fraction of Yangon’s housing requirements, while low-cost housing units remain too expensive for those most in need of accommodation.

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Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday.

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Low-cost housing winners missing

Housing authorities have issued a call for 81 missing lottery winners who won the right to buy low-cost homes in Yangon’s Hlaing Tharyar township.

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