The Myanmar Times
Tuesday, 01 September 2015
The Myanmar Times
The Myanmar Times

Entrepreneurs cash in on craze for football matches

While last night’s Myanmar-Thailand gold medal game was sure to be a heated contest, there was one guaranteed winner – the tea shops, restaurants and bars that are packed to the overflowing with high-profile sports matches.

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Pyin Oo Lwin real estate agent racks up the sales – for the same piece of property

A crooked real-estate agent who reportedly resold the same land to several different buyers could have made off with hundreds of millions of kyat, say those who were cheated in the scam. The victims of the fraudulent transactions have been meeting to try to resolve the issue.

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Yangon urgently needs low cost housing

Yangon is facing an affordable housing shortage and will need to build thousands of new apartments over the new few years to prevent homelessness, but high costs and a lack of funding are likely to delay progress.

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Circle line upgrade on track with Kyeemyindaing tender

Myanma Railways has invited companies to apply to redevelop Kyeemyindaing Station and the surrounding area. This is the third station upgrade tender to be issued as part of an ambitious project to modernise Yangon’s circular railway line.

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Shangri-La launches offices and shopping centre downtown

The Shangri-La Group has launched the Sule Square Mall and Office tower, a high-end commercial complex, which is being built in downtown Yangon, and is due to open in early 2016.

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Farmland ripe for developments

Urban city development and planning experts have warned that unless farmland in and around Yangon is protected by law it will continue to be sold for large industrial or residential projects, or divided up to be used for houses and factories.

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Oldest property website receives large regional investment

The country’s oldest online property portal, Shweproperty.com, has secured “significant” six-digit funding from a regional investor, the company announced.

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Urban laws stuck in draft stage

The country needs modernised urban planning laws to keep with a rapidly changing real estate market, as legacy laws are unsuited for the purpose, according to experts.

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