Saturday, July 23, 2016
The Myanmar Times
The Myanmar Times

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project.

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Harnessing investment into Yangon’s development

The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government.

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Chinese-backed condominium project launches in Yangon

Chinese group Toener Investment has launched sales of a new five-tower condominium project in Yangon’s Yankin township known as Kanbae Towers.

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Condo buyers struggle with hire-purchase payment

Developers of residential projects in Yangon have found themselves with less cash than expected, as buyers fail to stick to the terms of hire-purchase plans and do not make regular payments.

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Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City.

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AccorHotels plans six new properties in Myanmar

French group AccorHotels is planning to build six new properties in Myanmar by 2019 – in Yangon, Mandalay and Shan State’s Muse and Inle Lake.

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Yangon realtors call for wide-reaching reforms

Yangon real estate agents are hoping the incoming government can breathe new life into the real estate sector, where sales have slowed over the past couple of years to a near-standstill, condominium units lie empty and a growing number of people are unable to afford basic accommodation.

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Residents demand pay for new Yangon bridge

Sampan operators and homeowners who have been asked to make way for a new bridge that will link downtown Yangon to a huge new development to the southwest of the city are demanding hundreds of millions of kyat in compensation.

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