Local Property News | Posted by Si Thu Aung
The businessmen who want to build low-cost and affordable housing have been invited to submit proposals from the Yangon City Development Committee. If local companies owned by ethnic nationalities of Myanmar are interested in, they must submit the proposals to the Committee for Accepting and Scrutinizing Tender of Yangon City Development Committee. The proposals can be submitted from the 3rd of this month to the end of the month. The low-cost and affordable housings will be implemented on the plots of land in Shwepyitha and Dagon Myothit (South). Interested entrepreneurs can buy the application forms at the Engineering Department (building), the 10-storey office building, Yangon City...
Local Property News | Posted by Hnin Ei Khin
The foreign investments in the sector of 25 hotels, livestock and industries have entered Myanmar’s investments worth more than US $ 91 million, said U Thant Sin Lwin, Secretary of the Myanmar Investment Commission. The Commission has approved four investment projects and 21 approved businesses in every state and region including Yangon. Investment promotion from 1 October to March 6, 2020; Total foreign investment, including the Thilawa SEZ and Life Assurance, came in at $ 3 billion. It is expected to reach $ 5.8 billion in foreign investment in this fiscal year and COVID-19’s impact is impossible to guess at present, U Thant Sin Lwin said. The types of industries using...
Local Property News | Posted by Si Thu Aung
Foreign stock shares can now be bought at the companies which listed in Yangon Stock Exchange on March 20. Both Foreigners in Myanmar and abroad are allowed to buy and sell shares, but the opening of joint account is not allowed. The approval will come into effect as of March 20. Foreigners will be able to start trading shares, but it is necessary to specify how much of the shares will be paid by the six former listed companies. Listed companies are required to submit a proposal to the Commission to control foreign investment. The Yangon Stock Exchange will also be working to ensure that foreign exchange registrations are not and wrong and misplaced, said U Thet Tun Oo, senior executive...
Local Property News | Posted by Shwe Zin Win
Union Minister for Construction U Han Zaw visited the site and looked into the construction of bored piles of Myanmar-Korea Friendship Bridge on March 15, according to the state-run newspaper. In the morning, Deputy Director-General U Kyaw Kaung Cho from the Bridge Management Department explained the construction of the bridge, temporary bridge and working platform to conduct bored piles of main bridge works. And then Mr. Yun Ho Cho, Project Director from GS Engineering & Construction Corporation, explained the activities in Yangon and Dala parts, preparations for the main bridge work, to ensure not to damage natural environment and to conduct the safety of working conditions. The...
Local Property News | Posted by Shwe Zin Win
The K 30 million worth of housings are also being built for those who have difficulty living in Hlaingthaya township under the management of the Yangon Region government. Currently, the construction of 30 lakhs worth housings are allocated in Shwepyithar Township and more than 400 houses in Dagon Myothit (South) township and about 300 houses in Dagon Myothit (East) are to be built as the second project. It will be continued building in Hlaingthayar township, according to reports. In addition, families who can’t afford much money and have a few family members don’t need the large size of a home and the essential needs are a toilet, a kitchen and a bedroom. If they were to be...
Local Property News | Posted by Si Thu Aung
Yangon Region Government has allowed illegal residents to live in at the K 30 million worth 300 homes for the second time in a joint venture with Pyoe Mae Eain Social Development Association, according to Pyoe Mae Eain Social Development Association. A total of 300 housing units with 150 homes constructed on 11 acres of land at No.130 ward in Dagon Myothit (East) and 147 homes at 146 ward, Hlawka Road, Dagon Myothit (South) township were allowed to live in in the second time, according to reports. The homes have been transferred since March 9. Currently, the homes that built in Dagon Myothit were allowed to live in, Daw Van Li Zar Aung, the founder of Pyoe Mae Eain Social Development...
Local Property News | Posted by Zarni Kyaw
The main point of being a model township is to have good roads, good water flow and rule of law. Hlaing Thar Yar township is divided into the eastern and western parts facing the center of Kyan Sit Thar Road. There are 14 wards and villages in the eastern part and 15 wards and villages in the western part. They will be set up as model townships, according to reports. Hlaing Tharyar township is home to a population of 100,000 people and is the most populated township in Yangon Region. Hlaing Thar Yar Township is the most populated township in Yangon Region. There are 20 wards, nine village groups, and industrial zones in Hlaing Thar Yar township which will be made to balance the features...
Local Property News | Posted by Hnin Ei Khin
Yangon Mayor U Maung Maung Soe and officials opened a ribbon-cutting ceremony of Dala purified drinking water factory with the cost of $ 49275 (K 75,500,000) on March 10, according to the state-owned newspaper. UNHABITAT, a joint venture between the Yangon City Development Committee and the Sida (Donors from Sweden), started the construction of the purified water drinking factory at Hmaw Sat ward, Dala township on November 22, 2019 and completed on March 10, 2020, according to the newspaper. The water from Yangon water supply station will be held with two tanks: one is capable of holding 3000 gallons and another will hold 5000 gallons. It can purify water to produce 1,600 liters...
Local Property News | Posted by Shwe Zin Win
The Myanmar Investment Commission has approved six investments, according to the meeting (4/2020) held at the meeting room of Yangon Investment Commission in Yangon on March 6. The meeting was attended by the Chairman of Myanmar Investment Commission U Thaung Tun, Deputy Chairman Dr. Than Myint and nine members. Myanmar Investment Commission has approved six investments in the sectors of manufacturing, livestock, agriculture and others, including raising the capital from 9 activities,with the investment amount of US $ 131,125 million and Kyat 113,810.335 million which will create 2,850 job opportunities for local workers. Over 50 countries have mostly invested in a total of 12 sectors,...
Local Property News | Posted by Zarni Kyaw
Yoma Microw Power will partner with the World Bank's IFC and Norway's state-owned investment company Norfund to implement 2,000 rural electrification projects. These projects will be implemented throughout Myanmar including Bago, Kachin , Tanintharyi, and Yangon. Currently, 250 projects have been implemented in Magway, Sagaing and Mandalay regions, with the company’s investment amount of more than $ 28 million. The company has invested more than $ 10,000 in solar power generation in the village of Thitseint Gyi, Waklatt township, Sagaing region. The power plant will generate 32 kilowatts of electricity and will be distributed to telecommunication towers and villages, according to...