Property News

The launching ceremony of Yangon-Cocokyun islands ferry service held at Myanma Five Star Shipping Line’s Thaketa Township’s jetty was attended by Yangon Region Chief Minister U Phyo Min Thein on January 21. In his opening remarks, Yangon Region Chief Minister U Phyo Min Thein said Cocokyun islands is one of the key security areas in Myanmar. The ferry service won’t be allowed for holiday trips. The ferry service is mainly intended for social development of people in the region and therefore it would result in loss in profit. The six-day round trip will cost 20 million kyats, which will be paid from YRTA funds,” the chief minister said. He added that the ferry...

10 new air-conditioned train carriages, purchased by a loan from South Korea, arrived at Thilawa Port for the second time in Yangon, on January 7, according to reports. 10 air-conditioned rail carriages and spare parts arrived at the Jetty. They will be sent to the Myitnge train carriage factory. The first batch of air-conditioned train carriages will run in Mandalay-Myitkyina railroad section in the early May. The Myanma Railways (MR) under Ministry of Transport and Communications has planned to buy new 100 passenger train carriages with a US$ 45 million loan from EXIM Bank of South Korea and signed a contract with South korea-based Dawonsys Company on December 5, 2018.   Written...

The launching ceremony of Japan-made brand Topcon and new advanced land-surveying instrument technology was held at Lotte Hotel, Yangon on Manager U Soe Win Nyunt of Concordia Int Co., Ltd said that the high quality instruments are already being used internationally. He added that houses and high-rise buildings are being measured with the latest technology and high quality equipment. If you don’t want to buy and use these instruments, rental service is also available. These instruments are being used in the upgrading of Yangon-Mandalay railroad. He then demonstrated Topcon Unmanned Aerial Vehicle (UAV), Laser Scanning, Delta Monitoring Solutions and other advanced measuring...

The launching ceremony of France-made Peugeot at the Peugeot Showroom of Super Seven Stars Co.ltd, No. 18, Kabar Aye Road, Mayangone Township, Yangon on January. Yangon Region Chief Minister U Phyo Min Thein attended the ceremony at the invitation of Ambassador of France to Myanmar Christian Lechervy, according to Yangon Region Government. U Tin Maung Tun, Yangon Region Hluttaw Speaker, Government Secretary U Myo Aung Htay and company officials and invited guests attended the ceremony, according to reports. Written by iMyanmarHouse.com team Credit: iMyanmarHouse.com

Q Home Development’s Skysuites Luxury  Condominium Sale Exhibition hosted by Myanmar’s No.1 property website iMyanmarHouse.com was successful held at No. (23), Yanshin Street, Yankin Township from 10 a.m. to 7 p.m. on January (18 & 19) Sat and Sun. The exhibition was opened from 10 a.m. to 7 p.m. and anyone can visit and see well-prepared condominium designs that look like real designs. During two days of the exhibition, it has sold for over k 5.7 billion with special discounts, in instalment plans without interests and with a long-term lease with banks. Skysuites Luxury Condominium is built on one acre of ancestral land and it can be owned from generation to...

Yangon Region Government Minister of Electricity, Industry, Transport and Communication Daw Nilar Kyaw inspected the renovation of Pyitawthit rental public housing project in the implementation of Redevelopment plan on January 14, according to the Department of Urban and Housing Development. Regarding with the construction works of the project, Deputy Director General of the Department of Urban and Housing Development U Myint Naing and U Myo Myint of MKT construction explained the details to her. Daw Nilar Kyaw, Minister of Electriciy, Industry, Transport and Communication, instructed to finish the project as the set date and negotiated for the needs of water and electricity. U Yu...

The Yangon Region Government Management Committee, which has the authority to manage the land in the region for business and industrial purposes, has announced list of land use applicant winners. The sale of application forms attached to rules and regulations were published in the newspaper and the forms were sold from 7.10.2019 to 8.11.2019. The Yangon Region Government Management Committee received and inspected 12175 application forms and now it has announced winners. The winners are be able to purchase plots of land within two months since 17.1.2020.   Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

There are only tens of thousands of kyats for rent in shops in Salinkwin and Padonemarkwin owned by the Yangon Sports and Physical Education Department, according to reports. The report is released based on the survey of the public accounts committee by the Audit Committee report for the financial year 2017-18. U Aung Myo, a member of the Public Accounts Committee, said that this is why rental fees should be increased. The rental rates of Salinkwin and Padonemarkwin are only ten thousand kyats, much different than the current market price, to raise rents and to sell shops completely and to receive little rent and to review the committee’s last year report. In addition, there is...

Nothern Tiger Trading’s Kalaw Haven ready-to-move units exhibition organized by Myanmar’s No.1 Property Website iMyanmarHouse.com is going to be held at Sedona Hotel, Yangon from 9 a.m. to 5 p.m on January 18 and 19. Kalaw Haven project is located under the foot of Hnee Pagoda mountain, Pinmagone, Kalaw town. The project is located near Hnee Pagoda, Shwe U Min pagoda, Snow White Hotel, Ming Kham Shan Restaurant, Café Kalaw, Adora Kalaw Hotel and View Point Golf Club. Kalaw Haven housing project on 4 acres of land includes a total of 54 plots of land. You can select a variety of the width of the housing units from 1355 sq ft to 1450 sq ft respectively and two-storey...

Yangon Mayor U Maung Maung Soe responded the question raised by U Kyaw Min Han of Latha Constituency No. (2) MP that the Yangon City Development Committee would select one market among the markets in a township and it would be modernized. MP U Kyaw Min Han raised the question whether there is a plan that as the Thein Gyi Market (D) in Latha township is a downtown Yangon market that is in line with modern market features, to upgrade the market and to allow businesses suitable for the market and to increase modernized rental shop rates. Yangon Mayor U Maung Maung Soe responded the question that YCDC is implementing the markets to become modern and advanced in cooperation with private sector...