Property News

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...

The proposal to construct cyclone resistant shelter each in Thonekhwa, Dagon Seikkan and Kunchankone townships will be submitted, Minister of Social Affairs U Naing Ngan Lin said at the 11th regular meeting on the third of Yangon Region Hluttaw. At the meeting, Minister of Social Affairs U Naing Ngan Lin responded the question raised by the Tamadaw ( military) MP Major Ye Htut. The question was whether there was a plan to construct a cyclone-proof shelter in Thaungkhone village, Kunchankone township. There are four cyclone resistant shelters in Kunchankone township and Thaungkhone village is at the mouth of the river where it meets the sea and therefore a cyclone-proof shelter should be...

Those who have the right to purchase apartments released in the State-run newspaper in early January would buy housing apartments with Low-interest housing loan system. Apartments would be sold by drawing lots system at the end of January, according to Urban and Housing Development Department. Low-cost and affordable apartments priced at k66 lakhs to k600 lakhs in Hlaing Tharyar, Dagon Myothit (Seikkan) and Thanlyin (Thilawa)’s housing unit projects in Yangon Region would be sold with home loan system, said Urban and Housing Development Department. CHID Bank was established for those who are willing to buy apartments. They could open a housing savings account in the bank by...

Although Myanmar possesses a huge gem resource, it could not be developed broadly, said U Phyo Min Thein, Chief Minister of Yangon Region Government. Therefore, the respective ministries need to systematically administer to make sure 100% Myanmar Gem Market. Moreover, if Myanmar gem market cannot be properly marketed, it will not get benefit for Myanmar as well as its reputation will be lost. The jewelry market within Myanmar could be made up only 5 pc of the whole products, said U La Phine Khun Sar, chair of Myanmar Gem and Jewelry Entrepreneurs Association. Therefore, if the gem market in Myanmar is fully implemented, it can earn about three billion kyats per year. Written by...

The meeting was held with plots of land applicants at the office of Yangon Region Government on January 8. At the meeting, Minister for Minister of Agriculture, Livestock, Forest and Energy U Han Tun requested 2-month installment of plots of land instead of 6-month installment. Plots of land would be sold at the current situation and they would not be charged more for Infrastructure. The 155 Plots of land that Yagon Region Government will sold are at 89 ward and has a width of (40”×60”)The price of these plots are priced at a range of around K 66 lakhs to around K 130 lakhs, which will be sold by lottery system and will be allowed to buy for two months...

U Myint Myint, chairman of Yangon Gold Entrepreneurs Association, said there has been discussion with the UK about purifying gold in Myanmar. Purifying gold would be made within Myanmar and the purified gold would be sold back to the UK market. The UK-based firm can produce a first-class standard of 99.99% gold as well as remove residues in gold, according to him. Moreover, purifying gold process would be developed only if cooperating with foreign countries. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com  

Hlegu township industrial park project would be implemented on March, 2020. The Hlegu industrial park project would be implemented on 1487.5 acres of land with the cooperation of Singapore and Myanmar.Local developers City Mart Holding Co.,Ltd. (CMHL), Myanmar Agribusiness Public Co.,Ltd. (MAPCO) and Sembcrop from Singapore signed an agreement on July 30, 2019. The three companies are working together to form a joint venture with MSIP (Hlegu) JV, registered with Myanmar Investment Commission and they are waiting for the Commission’s permission. The investment amount will be over US$ 231 million, with the share-holders Sembcrop owning 67%, Patama Group will have 18% and MAPCO 15%...

Yangon Steps 2020 led by Yangon Region Government will be held on February 22, according to Myanmar Tourism Marketing Association. By doing so, Yangon’s tourism industry has improved, public’s awareness in well preserve of Yangon’s interesting colonial-era historical buildings, realizing the benefits of walking. To be able to hold this event, walking places are provided around the Shwedagon Pagoda. A couple of Myanmar famous actor Zen Kyi and director Christina Kyi are appointed as Myanmar tourism promotion ambassadors. The event will be held in order to attract international interest of tourism in Myanmar and aiming at boosting tourism market. Written by...

Yangon New City Development Project Resettlement Area No.2 (RA2) on the other side of Kyimyidine Township would be cast lots on January (10, 11, 12), according to reports. As slip of paper for the RA1 segment has not yet released, buyers are waiting for the time to release slip of paper and they are inquiring the price. Drawing lots for RA3 and RA4 segments would be made before water festival (Thingyan).The RA5 segment, which has already been released, has been sold about 100 lakhs per slip of paper around 100 feet. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com