Property News

A strong gold market in Yangon should be established as soon as possible, and that it could be more profitable, Yangon Region Chief Minister U Phyo Min Thein said. In addition, it will also make it easier for the gold miners and more tax-systematic. Yangon Region Chief Minister U Phyo Min Thein added that the Central Bank of Myanmar, Ministry of Commerce and Ministry of Planning and Finance are playing a vital role to establish it because the raw material production sector will be taken by the Ministry of Mines and the rest section is buying and selling. Gold is a strong currency in the world market. To do this, it will require Laws to be enacted, but if it is initially implemented by...

Thanlyin township will be implemented as a smart city, and it will be connected by a highway to Kyaikhto , Mawlamyine city,Deputy Minister of Construction U Kyaw Lin said. He added that after that, Thanlyin would be the gateway to Yangon. The Thanlyin Bridge will be completed in three years and will be the most beautiful bridge in Myanmar, according to Deputy Minister of Construction U Kyaw Lin. The Bago-Thanlyin Bridge which will be the gateway to Yangon would soon be constructed with a cost of US $ 160 million, said he. And then a highway from Bago to Kyaikhto would be built with the loan of Asian Development Bank (ADB).The total cost will be $ 500 million. The new Sittaung River...

Yangon Region Government has announced on February 20 that the sale of three plots of land in Dagon Myothit (Seikkan) has been removed from the list of land sold by Yangon Region Government. The removed sale list of plots of land is: 1. 7.012 acres of land, 82 ward near Panwar Street, Dagon ( Seikkan) Township. 2. 10.00 acres of land, 151 ward, Hlawkar Street, Dagon ( Seikkan ) Township. 3. 2.158 acres of land, 81 ward, near No. 329 plot of land, Dagon ( Seikkan ) Township. These plots of land has been announced to be removed from the list because they are already being set up for low-cost housing.

Yangon Region Tourism Committee has approved the construction of the hotel and guest accommodation, according to its meeting (1/2020) on 21 February. Yangon Region Tourism Committee meeting was attended by Yangon Region Chief Minister U Phyo Min Thein, Minister of Kayin Ethnic Affairs Daw Naw Pan Thinzar Myo, Secretary for State and Regional Government U Myo Aung Htay and Departmental officials, according to Yangon Region Government. At the meeting, the Chairman of the Yangon Regional Tourism Committee has approved eight hotel licenses, a total of 750 rooms; seven hotel permits; one guest house permit, 117 tourism licenses (domestic and international). The total investment capital for...

After upgrading, the opening ceremony of Thanlyin-Thilawa industrial four-lane tar and concrete road is held on February 21. It is 8.7 km long starting from the Thanlyin Bridge to the Thilawa Industrial Zone and is upgraded by 4-meter-wide drain, cables and communication lines. It was implemented with a cost of JICA ODA Loan of Japanese 4613 yen. The opening ceremony of Thanlyin-Thilawa industrial four-lane road was attended by Yangon Region Chief Minister U Phyo Min Thein and officials, Hluttaw Representatives and officials from Japan. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com  

The 36th Blue Heritage Plaque was installed at Inya Lake Hotel in Yangon on February 18, according to reports. The design of Inya Lake Hotel was created by famous Soviet architect Viktor Semyonovich Andreyev and female architect Kaleriya Dimitriyevan Kislova. It was built between 1958 and 1962 and it became one of the modern architectures. The purpose of the installation of Blue Heritage Plaque is to make historic places more valuable, to get more people to know about lesser-known buildings and to make Yangon’s history accessible to people of all ages and backgrounds. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

Sixteen foreign investments and one Myanmar citizen were approved to invest in Yangon Region, according to Yangon Region Government. Yagon Region Investment Committee’s meeting (3/2020) was held at the meeting hall of Yangon Region Investment Committee, Sein Lae May lane, Yankin township, Yangon Region and it was attended by the chairman of Yangon Region Investment Committee and Yangon Region Chief Minister U Phyo Min Thein, Minister of Planning and Finance U Myint Thaung, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Secretary for State and Regional Government U Myo Aung Htay and departmental officials, according to reports. At the meeting, the Chairman of Yangon...

The Yangon City Development Committee has begun drawing up car parking lines in Kyauktada and other six townships, according to YCDC. The colours are divided into three, namely, red, yellow and green and it will be charged K 200, K 300 and K 500 per hour according to colours, YCDC said. As there are undisciplined car parking due to the lack of parking fees, it needs to re-establish the car parking system on roads in six townships such as Lanmadaw, Latha, Pabedan, Kyauktada, Botahtaung and Pazundaung. The first Pilot Project is being tested in Kyauktada township and it will be continued to establish in other six townships in Yangon. The three tender winner companies were selected to...

Yangon Region Chief Minister U Phyo Min Thein said that the land compensation would be paid from the proceeds of the sale of government-owned land in Yangon Region. After the land compensation has been paid to the affected land-owners, it is aimed to provide low-cost and affordable housings in those areas, said he. Chief Minister U Phyo Min Thein added that last November, more than 500 government-owned plots of land were sold, reaching more than 12,000 applicants. The proceeds of the sale of government-owned land in Yangon Region would be used for the benefits of the people. The Yangon Regional Government has intended to build affordable and low-cost housing as quickly as...

Only over 640 out of more than 12,000 applicants have submitted full legal facts to buy the Yangon Region government’s plots of land, said U Than, joint-secretary of the Yangon City Development Committee. The buyer, the price, the budget, and the type of business were evaluated, he said. Yangon Region government has started selling 500 plots of land for the first time. In addition, the regional government announced on February 7 that more plots of land will be sold in nine townships in Yangon Region, only to be named by the applicant. The government said it was not allowed to change its name within three years. More than 100 plots of land for sale are in Dagon Myothit (East &...