Property News

Discussions on borrowing 50 million euros (ODA) loans from the Government of Poland for the implementation of the project for waste disposal was made at the second day of the 15th regular session of the Pyidaungsu Hluttaw, according to reports. At the meeting, Hluttaw (Parliament) representatives discussed the matter of obtaining 50 million euros (ODA) loans from the Government of Poland for the implementation of the project to clean up and dispose of rubbish in the Yangon Region City’s municipal area. In regards to the loan, five Pyithu Hluttaw representatives and seven Amyothar Hluttaw representatives discussed the plan and the majority of MPs are in favour of the project and only...

The remaining 211 units to be sold for the fourth time by lucky draw system by the Yangon Region Property Sales Supervisory Committee, according to the Department of Urban and Housing Development. The list of 696 people approved will be announced at the Yangon City Gallery on the ground floor of the Department of Urban and Housing Development at Botahatung township from January 27 to February 21, and 30 lakhs of MMK as a housing saving account are required for purchase to submit to CHID Bank. Those who are willing to purchase the units would make a choice at the Yangon City Gallery. The remaining units will be sold by lucky draw system and will be available until February 21. Without a...

Yangon Region Government has discussed the need to sign the necessary documents for industrial park projects, according to the Yangon Region Government. U Myint Thaung, Mininster of Planning and Finance and Naw Pan Thinzar Myo, Minister of Kayin Ethnic Affairs met with departmental officials at the Yangon regional office on January 28. At the meeting, they discussed to sign the necessary documents for industrial park projects to be implemented at Hlegu and Htantabin townships. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com  

The construction of Yangon elevated expressway project will affect more than 1,000 buildings, according to a land acquisition and resettlement plan for the project. The land acquisition will involve more than 1000 private-owned buildings, 31 government-owned buildings and 79 vendor shops, according to the survey, which were conducted in five townships namely, Hlaing Tharyar, Hlaing, Mayangone, Yankin and South Okkalapa townships. The impact on private properties will be the highest in Hlaing Tharyar township, with over 940 buildings, 47 in Mayangone and 28 in Hlaing Township, and out of 31 government buildings, Hlaing township raised a total of 17 buildings. It will affect 79 vendor...

Myanmar Investment Commission has approved eight industries in the sector of electricity, livestock breeding, fishery and real estate development, according to the (2/2020) meeting held on January 24. The meeting was held at the meeting hall of Myanmar Investment Commission and it was attended by U Thaung Tun, Union Minister for Investment and Foreign Economic Relations and Chairman of the Myanmar Investment Commission and his entourage. Myanmar Investment Commission’s meeting has approved eight industries including the construction of a 350- megawatt LNG power plant and generating and selling electricity in Thanlyin township, Yangon Region, livestock breeding and fishery sectors,...

The Japanese government signed an agreement on January 21 to provide loans for four sectors of urban development, worth more than $ 1 billion. These are four projects to be implemented in Yangon, Mandalay, Tanintharyi Region, Chin, Rakhine, Mon and Kayin state. It is borrowed under the Japanese Development Fund ( ODA ). They are the project for development of Yangon's sewerage system, infrastructure improvement projects in some regions and states, urban transport and communication project and development for electricity distribution Project in Yangon and project. The loan is part of an agreement under the incumbent Japanese government that has provided $ 8 billion in loans. The loan will...

Underwater cable construction project was launched among Singapore-Myanmar-India, according to the press conference held at Sule Shangri-la, Yangon. NTT Ltd, the world's top technology services company, has invested US $ 400 million to build a high-capacity underwater cable (MIST) among Singapore-Myanmar-India (Mumbai and Chennai). The project will enable rapid development of data management technology and support for Myanmar's digital economy. Written by iMyanmarHouse.com teamCredit: iMyanmarHouse.com

Yangon Region Investment Committee’s meeting ( 1/ 2020) was held at the meeting hall of the office of Yangon Region Investment Committee in Sein Lae May Lane, Yankin Township. The meeting was attended by Chairman of Yangon Region Investment Committee, Chief Minister U Phyo Min Thein, Minister for Karen Affairs Daw Naw Pan Thinzar Myo, a member of Secretaries of State and Regional Government U Myo Aung Htay and Departmental officials. At the meeting, 18 foreign investments and 2 Myanmar citizen investments were approved, according to Yangon Region Government. The total capital of foreign investment is US $ 39,708 million and the total capital of Myanmar foreign investment is K 4270,...

A meeting was held to discuss matters of Memorandum of Understanding ( MoU ) signed between Yangon Region Government and Korea Land and Housing Corporation at Lotte Hotel on January 21, according to Yangon Region Government. Also present at the meeting were Yangon Chief Minister U Phyo Min Thein, Minister of Electricity, Industry, Transport and Communication Daw Nilar Kyaw, Yangon Mayor U Maung Maung Soe, Korea Ambassador to Myanmar HE. Mr. Lee Sang-Hwa and officials from Korea Land and Housing Corporation. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

Naypyitaw Sibin Bank has notified to conduct car import permits for public servants with 25 years of work experience and those who received “ Good Civil Service Award” According to Naypyitaw City Development Committee, Naypyitaw Sibin Bank would provide financial assistance for car import permits through the Hire Purchase System in the car Show Rooms, which are linked to the bank. The Car Show Rooms are: (1) Myanmar Theingi Service Co., Ltd No.(S-165); Ayeyarwady Street, Thapyay Gone Quarter, Zabuthiri Township, Naypyitaw: Phone: 09-450935550 09-781211956. (2) Shin Thant Thitsar (NPW) C0., Ltd No.(988) Yazahtarni Street, Aung Tharyar Quarter, Pobbathiri Township, Naypyitaw:...