Tuesday, January 24, 2017
The Myanmar Times
The Myanmar Times

Construction ministry looks to prioritise infrastructure development in rural areas

The government is working through a long list of infrastructure needs to determine priorities for development, the minister for construction told a forum of business leaders in Nay Pyi Taw last week.

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Real estate sector FDI approvals account for bigger share this year

Myanmar's real estate sector is receiving a far larger share of overall approved foreign direct investment (FDI) so far this fiscal year, according to data from the Directorate of Investment and Company Administration (DICA).

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Solving the Yangon housing shortage

Amid estimates that Yangon’s population of 7 million-plus will move into double-digits in the next 10 to 20 years, what is being done to solve the commercial capital’s housing crisis?

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Construction sector needs more stable policies to benefit from sanctions relief

Construction and real estate industry officials are anticipating rising foreign demand for housing, office space and investment opportunities once the US sanctions are lifted. But an unstable policy environment could prevent the sectors from taking full advantage, they said.

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Hotel supply glut leads to construction review

In light of an accommodation supply glut in several of the country’s tourism hotspots, the government has announced a temporary suspension of new hotel developments in some of Myanmar’s most popular visitor areas.

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Resuming high-rise projects face hurdles

High-rise building developers given the green light to resume construction after a ban imposed by the Yangon Region government in May say the unplanned disruption to their projects has led to significant financial and reputational losses.

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YCDC reclaims public land from Sule Shangri-La

Yangon City Development Committee has told the Sule Shangri-La hotel to dismantle and vacate a car park and signage area in front of its entrance as part of an effort to stop private buildings from encroaching on public land.

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Peak bodies say new law needed in real estate sector

Myanmar needs a real estate services law to bolster public confidence in the sector and to allow practitioners to cooperate – and compete – with regional counterparts, industry figures say.

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