Saturday, April 30, 2016
The Myanmar Times
The Myanmar Times

Construction body calls for reform to opaque tendering process

For many years, large areas of land in Yangon have been handed over to well-connected companies for development, with little or no public information about the terms of the deals, and no space for smaller businesses to compete, said an industry body.

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Mandalay real estate agents hope for stable market

Some veteran estate agents in Mandalay said they would rather see a steady market, when the new government takes office next year, than surging prices.

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Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay.

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Shwe Taung launches $300m project in downtown Yangon

Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to emerge as a viable partner in the eyes of many international investors.

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YCDC’s e-gov spend to reach K2.35b over four years

Yangon City Development Committee spending on e-government projects across the four financial years from 2012 to 2016 will total K2.35 billion, said U Aung Win Myat, an IT consultant for YCDC.

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Sales to rise, prices to fall, say Yangon real estate agents

Real estate is likely to bounce back in 2016 after more than a year of depressed sales, while prices will fall as new supply comes online, said investors and agents.

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Retail space in new Yangon theme park in hot demand

A shopping centre due to open later this month in Yangon’s new Fun Valley Theme Park has been booked out by businesspeople hoping to capitalise on the amusement park’s popularity.

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New proposals for delayed Condo Law

Four additional recommendations to the draft Condominium Law were debated in parliament earlier this week, as the upper and lower houses continue to tussle over details of the elusive bill.

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