Bridge construction to Hlaing Tharyar township in western Yangon aimed at easing traffic congestion is also driving up property prices.
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High-end Kabar Aye Executive Residence, designed to withstand both earthquakes and rainstorms, will feature a rooftop heliport to beat the traffic in case of “medical emergencies”.
Nearly all of Yangon’s recently constructed “condominiums” may not quality as condominiums under the draft Condominium Law, according to YCDC engineering deputy director U Nay Win.
Yangon isn’t always at the forefront of modern design. But this week’s house bucks the trend, making excellent use of glass windows to bring in large amounts of natural light.
Yangon’s housing affordability crisis has resulted in many blocks in satellite suburbs being subdivded below the 20-foot minimum set by Council.
The Daewoo Amara Hotel aims to be Myanmar’s largest hotel complex when it opens its doors in 2016, according to company officials.
With land prices at an all-time premium, this Bahan house comes with what is increasingly a rarity: a garden.
Transactions in Yangon’s property market have slowed perceptively in 2014, with buyers unwilling to pay the high prices on offer, real estate agents say.
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