The Myanmar Times
Monday, 06 July 2015
The Myanmar Times
The Myanmar Times

Low-cost housing winners out of luck

Over 100 people may be out of luck after winning rights to purchase low-cost housing from Shwe Lin Ban project in Yangon’s Hlaing Tharyar township, according to Daw Thida Than, a staff officer at the Department of Human Settlement and Housing Development.

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DHSHD considers giving Yangon land ‘to communities’

As Yangon develops under the 2040 city plan, authorities are considering options to help ensure illegal residents are not forced out of their communities, according to Daw Hlaing Maw Oo, assistant director of the Department of Human Settlement and Housing Development (DHSHD).

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CHDB makes its name among home buyers

Construction and Housing Development Bank (CHDB) aims for greater visibility among lower-income home buyers, though the bank faces several constraints on lending for home ownership.

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Business complex for Yangon’s historic sporting grounds stirs up controversy

Kyaikkasan sports ground covers a vast expanse of prime real estate in the heart of Yangon that has entertained and thrilled for decades, while also concealing a darker past as a temporary detention centre used during crackdowns by the former military regime.

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Farmers want more loans earlier

The Ministry of Agriculture and Irrigation will barely increase loans to farmers from K1462 billion to K1470 billion this year, said U Soe Naing, supervisor from Nay Pyi Taw branch of Myanmar Agricultural Development Bank.

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Sedona new wing to open

Sedona Hotel Yangon’s new 29-storey Inya Wing will hold its soft opening in October, Ang Wee Gee, chief executive of Singapore’s Keppel Land, told The Myanmar Times yesterday.

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Property investors cautious over Kyeemyindaing bridge promises

Once bitten, twice shy. Investors and speculators who once pushed property prices sky-high on rumours of major developments have greeted the announcement of three new bridges and possibly a tunnel with deafening silence, industry observers say.

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Trade tipped to reach US$30 billion

Myanmar's foreign trade could reach US$30 billion in the current 2015-16 fiscal year, representing an 8 percent increase over the year just ended, according to U Maung Aung, a consultant to the Ministry of Commerce.

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