Property News

The Phase 2 of Bo Ba Htoo housing project put up for sales by the Yangon City Development Committee can be bought by anyone by placing 30 percent of the apartment price, according to the Yangon City Development Committee. The Phase 2 section is located on 14.89 acres of land at the corner of Bomhu Ba Htoo and Bayintnaung road in Dagon Myothit (North) township of Yangon. The cost of the construction of Phase 2 is MMK 30 billion. The nearby Phase 1section of the complex is completed and the apartments are now occupied. There will be 19 units of eight-storey buildings with 927 sq ft and 8 units of eight-storey buildings with 614 sq ft. At the Phase 2 section, 614 sq ft apartments will...

Tender invitation will be called to build two bridges and two six-lane roads, said U Phyo Min Thein, Chief Minister of Yangon Region. U Phyo Min Thein made the announcement during the 16th regular meeting of Vice President U Myint Swe with Myanmar entrepreneurs last Monday at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). One bridge to Aye village and six-lane road to Kawhmu, Konchangone road will be built for the Yangon New City Project. Moreover, one bridge which crosses Pan Hlaing River and six-lane road from this bridge to Seikkyikhanaung will be implemented. The qualified company which will be able to build in accordance with...

In a bid to boost foreign investments including Yangon New City Project, the Yangon Investment Forum 2018 is going to be held on May 9, said U Phyo Min Thein, Chief Minister of Yangon Region. U Phyo Min Thein made the announcement during the 16th regular meeting of Vice President U Myint Swe with Myanmar entrepreneurs last Monday at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “The Yangon region government receives enquiries from foreign investors, and some are heavy enterprises with many affiliated companies. We will focus on those enterprises within three years. We will suggest new industrial zones and provide information on the...

The Myanmar-China cooperation means on mutual friendship and mutual dependence. The economic zones are necessary to be built along Ayeyarwady River for the country’s development in future, said Mr.Tuan Zhen Li, Vice Chairman of World Chinese General Chamber of Commerce. Myanmar-China Economic Cooperation and Fintech Development Summit Forum was held on April 4 at MICC-II, Naypyidaw. “The first step in the Myanmar’s future economic development is to build economic zones along the Ayeyarwady River. Yangon, Naypyitaw and Mandalay are the hub cities on the route of economic zone. At present, China’s large firms cooperate with Myanmar’s firms in social, education and health...

Multi-Township Property Expo organized by iMyanmarHouse.com, Myanmar’s No.1 Property Website was held on March 24 and 25, 2018 at the Asia Plaza Hotel. The apartments and condominiums valued more than MMK 20 million up to MMK 2 billion were showcased in the expo. “In the expo, the apartments and condominiums in all multi-townships valued more than MMK 20 million up to MMK 2 billion were showcased by SMT Construction, December Construction, MMM Construction, Gandarkanmyint Construction, Performer’s Area Construction, Tagaungbwar Construction, Pyaearman Construction and Best Guiding Star Construction,” said U Nay Min Thu, Managing Director of iMyanmarHouse.com. In the expo,...

The real estate market of the west part of Yangon river is likely to revive due to the remarks of Chief Minister of Yangon Region that the government will undertake to develop the whole west part of Yangon river, according to the real estate agents. There are many businessmen who want to invest in real estate sector in Myanmar. And then, there are thousands of housing demands. So, it can be a good opportunity for the investors. We are going to implement many development projects in the west part of Yangon river in 2018,” U Phyo Min Thein, chief minister of Yangon region said. The project land is important in implementing the project. Moreover, the project can improve the...

It is planning to construct the low-cost apartments worth K 10 million per each, according to the Myanmar Construction Entrepreneurs Association. The low-cost housing project is earmarked to construct 5-storey building including 20000 rooms and can be bought by whoever comes first. The payment plan is 70000 per month installment plan. The project has been submitted to the Yangon Regional Government. “We want to construct the project in Yangon Region in order to meet the housing demands. Each apartment will value only K 10 million. It has been submitted to the Ministry of Planning and Finance, said U Ye Lin, a member of central committee under Myanmar Construction and Entrepreneurs...

The apartments of the second phase of Bo Ba Htoo affordable housing project can be purchased by whoever comes first, according to a statement of Yangon City Development Committee. The second phase of Bo Ba Htoo affordable housing project cost K 30 billion is constructed closed to the first phase of Bo Ba Htoo affordable housing project and is located in a corner of Bo Mhu Ba Htoo Road and Ba Yint Naung Road, Dagon Myothit (north) township. The second phase of Bo Ba Htoo affordable housing project includes 27 units of 8-storey building and 864 rooms including 19 units of 8-storey building, 927 feet width and 8 units of 8-storey building, 614 feet width. At first, the apartments...

Inno City condominium Expo organized by iMyanmarHouse.com , Myanmar’s No.1 property website was successfully held on March 31 and April 1, 2018. The project is located next to south Okalapa golf club at the corner of Parami road and Wayzayandar road, Yangon. In addition, Inno City condo is located near south Okalapa golf club, Gadamar Whole Sale, Sedona Hotel, Myanmar Plaza, Gamonepwint Shopping Mall. In the expo days, special programs including K 45 million worth furniture sets, golf set as well as iPhone X gifts are provided for the first ten customers. As a result, the condominiums valued more than 3 billion were sold out. “Inno City condo is located in a corner of Parami...

An industry project is going to be implemented by Hongkong-based City Credit Capital Holdings Limited in Bago Region and it is planning to operate about 50 types of factories on that industrial land, according to the Bago Regional Government. The Bago industrial project is going to be implemented with the purpose of its good transportation and future’s economic hub. In addition, Bago region is located on a major junction of the east-west-north-south commodity as well as an economic strategy hub. As a result, the foreign investment amount could be allowed to access up to UD$ 5 million by the government. In addition, the 500 KVA power grids which will be sent from Tanintharyi...