Property News

Although there are no applicants for Yangon Water Festival pandals ( marquee ) in this year, the number of pandals will be granted as last year, Yangon Mayor U Maung Maung Soe said. He added that the exact number of permits in line with the rules is the same as last year, no more than last year. The commercial water festival (Thingyan) pandals and Walking Thingyan were allowed last year. The Yangon City Development Committee has announced that it has planned the locations of Yangon Thingyan pandals as last year and applicants can now start to apply for Yangon Thingyan pandals this year. Applicants can apply for 34 pandal locations by the deadline March 25 and YCDC is planning to issue...

Yangon Mayor U Maung Maung Soe said that the fire started at the bottom of the second floor, which was about six feet low and so it is very dangerous. Therefore the priority is to repair the strength of the building and then the shops will be relocated only after the renovation, he added. After emerging the cause of the fire, which has been rated up to Level-5, the renovation would be made after the assessment of the relevant organizations. A tribunal had scrutinized the cause of the fire which burned for more than three hours. On March 1, Yangon Fire Force announced that an electrical short circuit started the fire.   Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

The tender evaluation committee of Yangon City Development Committee has invited the expression of interest (EOI) proposals to Myanmar citizen-owned local companies to build low-cost and affordable housings, according to reports. The tender evaluation committee of Yangon City Development Committee has invited the expression of interest (EOI) proposals to build low-cost and affordable housings and mix-used development on ten acres of land (individually or jointly owned) near Thardukan station, Ward No. (9+10) between Yangon-Pyay railway and Boyanpyay road, Shwepyi Thar township as well as on 8.856 acres of land, Ward No. 145, Yadanabon Road, Dagon Myothit (South) and on 10 acres and above...

The National Library of Yangon is scheduled to open in early April, and the meeting on successfully holding the opening ceremony of National Library was held at the National Library (Yangon) in Pabedan Township on March 2, according to Yangon Region Government. At the meeting, Union Minister for Religious Affairs and Culture Thura U Aung ko gave an opening remark and Director-General U Aung Myint from the Department of Historical Research and National Library said the conditions to relocate the National Library of Yangon. The meeting was attended by Union Minister for Religious Affairs and Culture Thura U Aung Ko, Union Minister for Construction U Han Zaw, Yangon Region Chief Minister U...

The seminar on the prospects of real estate market conditions within this year was held at Zealax Hotel, Strand Road, Yangon on February 27. The seminar was jointly held by global real estate services and investment management company Colliers International and Shwe Taung Real Estate and they discussed the difficulties facing in following the rules and regulations in evaluating the value of real estate properties. “The current real estate and construction sector in Myanmar is only at the beginning of development. The main challenges and difficulties are to follow the rules and regulations in evaluating the value of real estate properties, ”said Mr. Karlo, Managing Director of...

The land location presented by Hluttaw representive is not advisable to build a high-grade market, Yangon Mayor U Maung Maung Soe responded to the question raised by Yangon Region MP U Zin Min Htwe of Dagon Myothit ( Seikan ) township No.2 constituency at the second emergency session on the fourth day of Yangon regional parliamentary meeting (1/2020) on February 15. The MP U Zin Min Htwe asked whether there is a plan to build a high-grade market in accordance with the city’s features at the corner of Ngwe Zinyaw Road and Thukhita Road at No. (88) ward, Dagon Myothit ( seikan) township. The land location presented by the Hluttaw representative is an area that is managed by the Yangon...

Yangon Region Investment Committee approved three foreign direct investment which will create job opportunities for over 2600 local workers, according to Yangon Region Investment Committee’s meeting (4/2020) which was held at the meeting room of the office of Yangon Region Investment, Sein Lae May lane, Yankin township. The meeting was attended by the chairman of Yangon Investment Committee and Yangon Region Chief Minister U Phyo Min Thein, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Minister of Kayin Ethnic Affairs Daw Naw Pan Thinzar Myo, Secretary for State and Regional Government U Myo Aung Htay and departmental officials. The total capital amount of...

Yangon Region Chief Minister U Phyo Min Thein received Deputy Counselor of the Embassy of Thailand in Myanmar and NEDA delegations at the diplomatic room of the office of Yangon Region Government on February 25. At the meeting, they discussed the Power System Development in Yangon City Project to be implemented in North Okkalapa and Dagon Myothit (North) townships, according to reports. Also present at the meeting together with Yangon Region Chief Minister U Phyo Min Thein were Minister of Planning and Finance U Myint Thaung, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Yangon Mayor U Maung Maung Soe and officials, Deputy Counselor of the Embassy of Thailand in Myanmar...

Yangon Region Chief Minister U Phyo Min Thein met with officials from the Shwe Nat Bone Myanmar Company Ltd., at the Hall (4) of the office of Yangon Region Government on February 25, according to Yangon Region Government. At the meeting, the officials from the Shwe Nat Bone Myanmar Company Ltd., briefed the construction of an industrial zone at Ngetaw San village, according to reports. Also present at the meeting were Minister of Agriculture, Livestock, Forest and Energy U Han Tun and departmental officials. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

Yangon’s Thingyan festival pandals ( marquees) will be allowed more than last year, according to Yangon City Development Committee. A total of 35 pandals including the big, medium and walking Thingyan Pandals were allowed to erect on the Pyay Road and other roads last year. In this year, they will be allowed to erect in uncongested areas, the YCDC said. "We are just discussing the Thingyan festival for the first time. We have discussed the reveling of the Thingyan festival. But we have not discussed the permits of walking Thingyan, said an official from the Yangon City Development Committee. A total of 35 pandals including the big, medium and walking Thingyan festival pandals were...