Friday, September 30, 2016
The Myanmar Times
The Myanmar Times

China to refurbish National Theatre and Thuwunna Stadium

China has again come forward with aid to refurbish two gifts it gave to Myanmar more than 30 years ago – the National Theatre and Thuwunna Stadium, both built in the 1980s. 

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Junction City Phase 1 due for early 2017

Shwe Taung Group yesterday announced that the first phase of its US$300 million project in downtown Yangon, a 23-storey office block called Junction City Tower, is on track to open in the first quarter of 2017.

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High-rise construction stopped for review

The new Yangon Region government is reviewing all high-rise building projects nine floors or higher to determine which will go ahead – even those already under construction.

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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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