Wednesday, August 24, 2016
The Myanmar Times
The Myanmar Times

Yangon authorities appear to backtrack over high-rise review

Yangon city authorities appear to have come down on the side of angry developers in the row over the suspension of 222 projects either under construction or at the planning stage. Following a city-wide review of project designs, the suspension was ordered because the buildings reportedly violated draft zoning regulations.

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YCDC to finish final high-rise inspections

The Yangon Region government is hoping to finish the last batch of frozen high-rise projects this week – those that had yet to receive approval to begin construction under the previous government but which have nonetheless started building foundations.

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Yangon’s peripheral townships lack funding, says chief minister

The Yangon Region chief minister said this week that he hopes to support development in 12 townships that sit outside the Yangon City Development Committee’s jurisdiction, and create jobs for people at the edges of the city.

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Yangon heritage building to become national library

President U Htin Kyaw has approved a Yangon Heritage Trust proposal to relocate the National Library to downtown Yangon, making the national archives more visible and available to the public.

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Yangon high-rise review divides officials

The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction.

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Real estate slump pulls down Yoma profits

Yoma Strategic recorded its first taste of revenues from its local branches of US fast-food chain KFC in the first quarter of this financial year and enjoyed growth in its automotive and property rental businesses. But a sluggish real estate market left the group’s net profits down on the previous year.

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Yoma eyes 2020 finish for Landmark project

Yoma Strategic expects to have its multi-million dollar Landmark Development project finished in 2020 and will contribute up to US$156 million of the total cost, the firm said yesterday.

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Foreign companies to be invited to build Yangon low-cost housing

Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction.

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