Local Property News | Posted by Shwe Zin Win
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
Local Property News | Posted by Si Thu Aung
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...
Local Property News | Posted by Shwe Zin Win
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...
Local Property News | Posted by Aye Myat Thu
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...
Local Property News | Posted by Si Thu Aung
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 &...
Local Property News | Posted by Hnin Ei Khin
A public briefing on the Yangon overpass project was held in Thingangyun and South Okkalapa townships on February 16, according to Ministry of Construction. The project will cost between $ 800 million and $ 1,000, and the bridge project company will have to hand over foreign currency for their investment to the Central Bank of Myanmar. In implementing Yangon overpass Project Part 1, some houses and buildings in South Okkalapa, North Okkalapa and Mayangone Townships will be damaged and the other five townships will not be affected, according to reports. They will be compensated for the damage caused by the project and will also be considered for their business position. Investors will be...
Local Property News | Posted by Si Thu Aung
Yangon Region Chief Minister U Phyo Min Thein said that we are trying to carry out the development of Yangon urban areas by setting four goals. He said these goals are to preserve the urban heritage, to be green, to become an attractive city and to become a commercial capital. There is also an invitation for the commercial type in order to maintain the development conditions of Yangon and for greening the city. Investors in Yangon are also preparing for invitations to responsible businesses that will not damage the environment. Currently, Yangon Investment Forum 2020 is also being organized to promote the manufacturing sector in Yangon Region. The president of the Union of Myanmar...
Local Property News | Posted by Si Thu Aung
Yangon Region Chief Minister U Phyo Min Thein inspected the completion of the Time City building in Kamaryut Township on February 14, according to Yangon Region Government. Officials briefed Yangon Region Chief Minister U Phyo Min Thein on the completion of the building and the plans to hand over the Yangon City Development Committee. Also present at the visit were Yangon Mayor U Maung Maung Soe, Minister of Social Affairs U Naing Ngan Linn, Minister of Immigration and Human Resources Daw Moe Moe Su Kyi, Advocate General of Yangon Region Daw Khin Myo Kyi and the members of the Yangon City Development Committee. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com
Local Property News | Posted by Shwe Zin Win
The officials from the Ministry of Construction said that the construction of Yangon elevated expressway project to be implemented in eight townships, with some of the houses and buildings will be affected, mostly in North Okkalapa township. Ministry of Construction officials spoke at a public briefing on the project. Yangon elevated expressway will be constructed in Mingala Taungnyunt, Tarmwe, Thingangyun, South Okkalapa, Mayangon, North Okkalapa, Mingaladon and Insein townships. In addition to North Okkalapa township, some of the houses and buildings in South Okkalapa and Mayangon townships will also be affected a little. However, it will not need the relocation, according to the...
Local Property News | Posted by Si Thu Aung
Yangon Region Government Chief Minister U Phyo Min Thein received the delegation led by Mr. Takimi Kazuyuki, Counselor of the Japan Embassy at the diplomatic hall of the office of Yangon Region Government on February 13, according to Yangon Region Government. At the meeting, they discussed the installation of the Y-Complex Project. The Fujita Company from Japan, Tokyo Tamono Company, Join Company in cooperation with Shwehinthar Company from Myanmar are implementing the project on the former space of Defense Services Museum at the corner of Shwedagon Road, U Wisara Road and Pantara Road with a cost of US $ 320 and is scheduled to finish by 2020. Written by iMyanmarHouse.com Team Credit:...