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.
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.
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.
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.
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.
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.