Monday, August 29, 2016
The Myanmar Times
The Myanmar Times

Construction ministry seeks housing solution

The Ministry of Construction is negotiating with state and region governments to set new housing policies aimed at helping working-class people and squatters.

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Myanmar buyers get second bite at Malaysian Paradiso

Myanmar investors are to get a second chance to invest in Malaysia’s luxury property market. Singapore-based KAE Alliance is selling another set of units at the Paradiso Nuova luxury condo in Medini city, said Ko Naung Ko Ko Latt, the company’s sales consultant.

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Rental housing to open in June

The Yangon region government expects to open its low-cost public housing development, Mahabandoola rental housing, in early June, according to an official with the Department of Urban and Housing Development (DUHD) under Yangon Region’s Ministry of Construction.

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Rent falls for Yangon expats

More supply and fewer foreign renters have caused rental prices in the high-end expat Yangon property market to fall, according to real estate industry figures – but a lack of data means the extent of the drop is hard to quantify.

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Monks to press charges against Zaykabar over damaged monastery

Religious officials say they plan to press charges against Zaykabar Company, which sent uniformed men to destroy a religious building and insulted monks during the Thingyan holiday on a long-disputed plot of land in Yangon’s Mingalardon township.

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Yoma Strategic to invest $100m in Dulwich College Yangon

A new international school set to open in Yangon could receive up to US$100 million in financing from Yoma Strategic, an official from Dulwich College International said yesterday.

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Yangon to get 15,000 new low-cost homes

Three developers will build 15,000 low-cost housing units on a large plot of government land in Yangon’s Dagon Seikkan township, as the new administration turns its attention to meeting a growing housing shortage in the commercial capital.

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New government to focus on affordable housing

Many more low-priced and rental apartments are expected to be built across Myanmar under the new government according to a director general in the Ministry of Construction.

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