The country’s oldest online property portal, Shweproperty.com, has secured “significant” six-digit funding from a regional investor, the company announced.
Over half of the 42 companies that have committed to building in Thilawa special economic zone are Japanese firms, according to U Myint Zaw, general manager of Myanmar Japan Thilawa Development.
A Hong Kong-Myanmar joint venture plans to build a luxury mixed use development aimed at high net worth individuals, to the south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels, residential units, 20 kilometres of white sand beach, a jetty and a golf course.
Parliament decided yesterday to suspend a large-scale tender for a media-related property following intense criticism, though the Ministry of Information says it will wait for the Cabinet’s decision before halting.