Property News

iMyanmarHouse.com, Myanmar’s No.1 property website, successfully organized and held a detached houses Sales Event for The Grand Hill Garden Residence, located in Kalaw, constructed by Golden Hexagon Group, between 9 am to 5 pm on 15th & 16th December 2018 in Bago Hall in Sule Shangri-La Hotel in Yangon. Golden Hexagon Group developed Lavender Hill Villa, a detached houses project, in Myinn Ye Inn area in Kalaw in earlier 2018 and will deliver the houses to buyers soon. The Grand Hill Garden Residence detached houses project is the second project of Golden Hexagon Group in Kalaw and being developed near Inn Pyin. It is about seven minute far on Pyi Htaung Su road...

iMyanmarHouse.com has organized a housing expo for residential housings and retail space, the expo will be held on July 7-8 at two separate locations. They will be held at KT Construction office at 35th Street, Mandalay, and iMyanmarHouse.com office at MAC Tower, Yangon. “We sold three projects developed by KT Construction. iMyanmarHouse.com is selling affordable housings as well as luxury condos and residential housings across the country. iMyanmarHouse.com, started as a real estate website, and has a big customer database because of its entrepreneurship in organizing housing expos that were not common in this country before. Now, we have hosted expos in major cities such as...

The three companies have been selected as preferred bidder to implement the New Mandalay Resort City project which will be constructed on the 10,000 acres of land in Pyin Oo Lwin Township, according to the Department of Urban and Housing Development. The Khin Myanmar Development Co., Ltd, Central Irrawaddy Development Co., Ltd and Shwe Taung Development Co., Ltd have been selected as the Preferred Bidder by the Yadanarpon New City Project Supervision Committee to develop Green, Clean and Smart City. Under the Government’s Supervision Committee, the New Mandalay Resort City (NMR City) project is going to be implemented the project to be able to develop IT, agriculture, economy,...

Advans Myanmar and Yoma Bank have planned to support microfinance institutions in Sagaing and Mandalay regions, according to the Yoma Bank. They have entered three agreements including a cross-currency swap worth US$ 700,000 and a back-to-back loan of MMK 1 billion. These two agreements will allow Advans to fully hedge exchange rate risk on their overseas borrowings and provide them with local currency funding to grow microfinance business. The new funds are estimated to provide microloans to over 2.000 new families in the Mandalay and Sagaing regions. “We are providing convenient, accessible, fair and sustainable financial services to under-banked clients in Myanmar. These...

The Expression of Interest (EOI) from local and international firms has been invited for the elevated four-lane road in Yangon to implement through the Public Private Partnership, according to the Ministry of Construction. The 47.5-km elevated four-lane road will connect downtown Yangon, Yangon Port, Yangon International Airport, Mingalardon Industrial Park and the Yangon-Mandalay expressway. On May 18, the Ministry of Construction invited expressions of interest (EOI) from local or international companies “interested in designing, engineering, financing, constructing, operating and maintaining” the toll road through a long-term public-private partnership concession agreement....

The Eco Green City in Hlegu Township is estimated to cost about $ 2 billion, according to the Ministry of Construction. The project which will be implemented on the Yangon-Mandalay highway road is a 1453 acres development project near the slated new Hanthawaddy International Airport. It is a joint venture between the Ministry of Construction and Alliance Star Group of Company and one of the future new city development projects of Yangon Vision 2040 which was drafted by the Japan International Cooperation Agency (JICA). The new city aims to supply low cost housing n Yangon. The project will include low-cost housings, fair-cost housings, luxury housings, bus terminal, market and...

The four Mega Projects will be built by the Department of Urban and Housing Development under the Ministry of Construction, according to an announcement on May 22. Those projects aim to develop job opportunities for the local public, environmental lifestyle and to improve the country’s manufacturing sector, according to the announcement by the Department of Urban and Housing Development. The projects to be implemented are New Mandalay Resort City, Eco Green City in Hlegu Township, Korea Myanmar Industry in Nyaung Nhapin Township and Smart District in Dagon Seikkan Township. The New Mandalay Resort City is a project to be implemented by three phases on the 10,000 acres of land...

Nyaung-U airport will be rebuilt to become the first green airport in Southeast Asia, said U Win Khant, Permanent Secretary of the Ministry of Transportation and Communication. “The green airport is a very interesting project which is in line with Bagan’s eco-friendliness. It will be a project that our country is proud of. Local and foreign visitors will increase,” said U Win Khant. The project is to be implemented by a common agreement between the Ministry and the Japan International Cooperation Agency (JICA). The plan model, operation model and the project potential will be analyzed by Japan. The upgraded runway will be funded by JICA. To finance the passenger lounge,...

The affordable housings will be constructed in Patheingyi Township of Mandalay Region by the Department of Urban and Housing Development, according to the Department. The affordable apartments will be sold prior to the retired servants, private company’s employees and low-income public as well as those who have bank savings at the Construction and Housing Development Bank (CHDB). The apartment will be estimate cost between MMK 22,500 and 23,000 per sqft. At present, concerted efforts are being made to get permission for the architecture and design of the project and then the construction process will be carried out soon, said the Director of the Department of Urban and Housing...

The private entrepreneurs who are interested to invest in the 30-mile elevated toll road project are invited to submit the expression of interest (EOI) by the Ministry of Construction, according to an announcement from the Ministry of Construction. The latest submission date is up to 5:00 pm, June 29. In EOI, the submitted person must describe accurately his interest to invest in the project, his summary, summary of company’s performance, bank account balance for three years, financial statement and other relevant certifications such as ISO certification. The four-lane expressway linking downtown Yangon with Mingalardon Gardens and Yangon-Mandalay Expressway will be implemented...