The Myanmar Times
The Myanmar Times

YCDC to accept Sule Square fine

Yangon City Development Committee sent a formal letter to the developers of the Sule Square commercial complex yesterday, which will allow payment of a K2 billion (US$1.6 million) fine levied for building additional floors without permission.

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New Myanmar subsidiary for Yoma

BRIEF: Yoma Strategic has formed a new Myanmar subsidiary – Pun Hlaing Lodge Hotel Management – to build a five-star hotel on the Pun Hlaing Estate.

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Yangon government eyes southern seaport

The Yangon Region government is looking into the possibility of building a seaport in the south of the city as part of a plan drawn up with the help of the Korea International Cooperation Agency (KOICA).

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YCDC still mulling Sule Square decision

Yangon City Development Committee says it is unable to accept hotel group Shangri-La’s payment of a K2 billion (US$1.6 million) fine levied on the Sule Square project because the committee is still investigating the finished structure.

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Construction ministry tenders for state-housing upgrade

The Ministry of Construction will prioritise design over construction costs when picking the winner of a tender to replace the ageing state-owned Lan Thit housing development, a ministry official told The Myanmar Times.

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Construction ministry looks to prioritise infrastructure development in rural areas

The government is working through a long list of infrastructure needs to determine priorities for development, the minister for construction told a forum of business leaders in Nay Pyi Taw last week.

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Real estate sector FDI approvals account for bigger share this year

Myanmar's real estate sector is receiving a far larger share of overall approved foreign direct investment (FDI) so far this fiscal year, according to data from the Directorate of Investment and Company Administration (DICA).

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Solving the Yangon housing shortage

Amid estimates that Yangon’s population of 7 million-plus will move into double-digits in the next 10 to 20 years, what is being done to solve the commercial capital’s housing crisis?

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