Property News

The tender evaluation committee of Yangon City Development Committee has invited the expression of interest (EOI) proposals to Myanmar citizen-owned local companies to build low-cost and affordable housings, according to reports. The tender evaluation committee of Yangon City Development Committee has invited the expression of interest (EOI) proposals to build low-cost and affordable housings and mix-used development on ten acres of land (individually or jointly owned) near Thardukan station, Ward No. (9+10) between Yangon-Pyay railway and Boyanpyay road, Shwepyi Thar township as well as on 8.856 acres of land, Ward No. 145, Yadanabon Road, Dagon Myothit (South) and on 10 acres and above...

The National Library of Yangon is scheduled to open in early April, and the meeting on successfully holding the opening ceremony of National Library was held at the National Library (Yangon) in Pabedan Township on March 2, according to Yangon Region Government. At the meeting, Union Minister for Religious Affairs and Culture Thura U Aung ko gave an opening remark and Director-General U Aung Myint from the Department of Historical Research and National Library said the conditions to relocate the National Library of Yangon. The meeting was attended by Union Minister for Religious Affairs and Culture Thura U Aung Ko, Union Minister for Construction U Han Zaw, Yangon Region Chief Minister U...

The seminar on the prospects of real estate market conditions within this year was held at Zealax Hotel, Strand Road, Yangon on February 27. The seminar was jointly held by global real estate services and investment management company Colliers International and Shwe Taung Real Estate and they discussed the difficulties facing in following the rules and regulations in evaluating the value of real estate properties. “The current real estate and construction sector in Myanmar is only at the beginning of development. The main challenges and difficulties are to follow the rules and regulations in evaluating the value of real estate properties, ”said Mr. Karlo, Managing Director of...

The land location presented by Hluttaw representive is not advisable to build a high-grade market, Yangon Mayor U Maung Maung Soe responded to the question raised by Yangon Region MP U Zin Min Htwe of Dagon Myothit ( Seikan ) township No.2 constituency at the second emergency session on the fourth day of Yangon regional parliamentary meeting (1/2020) on February 15. The MP U Zin Min Htwe asked whether there is a plan to build a high-grade market in accordance with the city’s features at the corner of Ngwe Zinyaw Road and Thukhita Road at No. (88) ward, Dagon Myothit ( seikan) township. The land location presented by the Hluttaw representative is an area that is managed by the Yangon...

Yangon Region Investment Committee approved three foreign direct investment which will create job opportunities for over 2600 local workers, according to Yangon Region Investment Committee’s meeting (4/2020) which was held at the meeting room of the office of Yangon Region Investment, Sein Lae May lane, Yankin township. The meeting was attended by the chairman of Yangon Investment Committee and Yangon Region Chief Minister U Phyo Min Thein, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Minister of Kayin Ethnic Affairs Daw Naw Pan Thinzar Myo, Secretary for State and Regional Government U Myo Aung Htay and departmental officials. The total capital amount of...

Yangon Region Chief Minister U Phyo Min Thein received Deputy Counselor of the Embassy of Thailand in Myanmar and NEDA delegations at the diplomatic room of the office of Yangon Region Government on February 25. At the meeting, they discussed the Power System Development in Yangon City Project to be implemented in North Okkalapa and Dagon Myothit (North) townships, according to reports. Also present at the meeting together with Yangon Region Chief Minister U Phyo Min Thein were Minister of Planning and Finance U Myint Thaung, Minister of Agriculture, Livestock, Forest and Energy U Han Tun, Yangon Mayor U Maung Maung Soe and officials, Deputy Counselor of the Embassy of Thailand in Myanmar...

Yangon Region Chief Minister U Phyo Min Thein met with officials from the Shwe Nat Bone Myanmar Company Ltd., at the Hall (4) of the office of Yangon Region Government on February 25, according to Yangon Region Government. At the meeting, the officials from the Shwe Nat Bone Myanmar Company Ltd., briefed the construction of an industrial zone at Ngetaw San village, according to reports. Also present at the meeting were Minister of Agriculture, Livestock, Forest and Energy U Han Tun and departmental officials. Written by iMyanmarHouse.com Team Credit: iMyanmarHouse.com

Yangon’s Thingyan festival pandals ( marquees) will be allowed more than last year, according to Yangon City Development Committee. A total of 35 pandals including the big, medium and walking Thingyan Pandals were allowed to erect on the Pyay Road and other roads last year. In this year, they will be allowed to erect in uncongested areas, the YCDC said. "We are just discussing the Thingyan festival for the first time. We have discussed the reveling of the Thingyan festival. But we have not discussed the permits of walking Thingyan, said an official from the Yangon City Development Committee. A total of 35 pandals including the big, medium and walking Thingyan festival pandals were...

A strong gold market in Yangon should be established as soon as possible, and that it could be more profitable, Yangon Region Chief Minister U Phyo Min Thein said. In addition, it will also make it easier for the gold miners and more tax-systematic. Yangon Region Chief Minister U Phyo Min Thein added that the Central Bank of Myanmar, Ministry of Commerce and Ministry of Planning and Finance are playing a vital role to establish it because the raw material production sector will be taken by the Ministry of Mines and the rest section is buying and selling. Gold is a strong currency in the world market. To do this, it will require Laws to be enacted, but if it is initially implemented by...

Thanlyin township will be implemented as a smart city, and it will be connected by a highway to Kyaikhto , Mawlamyine city,Deputy Minister of Construction U Kyaw Lin said. He added that after that, Thanlyin would be the gateway to Yangon. The Thanlyin Bridge will be completed in three years and will be the most beautiful bridge in Myanmar, according to Deputy Minister of Construction U Kyaw Lin. The Bago-Thanlyin Bridge which will be the gateway to Yangon would soon be constructed with a cost of US $ 160 million, said he. And then a highway from Bago to Kyaikhto would be built with the loan of Asian Development Bank (ADB).The total cost will be $ 500 million. The new Sittaung River...