Home Property & Real Estate

Property & Real Estate

Last Saturday, Myanmar’s Union Election Committee announced a victory for Daw Aung San Suu Kyi’s National League for Democracy (NLD) in the 2020 Myanmar General Election. The party won 83 percent of the seats in the Union Parliament, which exceeds even the number of seats gained in the previous...
Japan has expressed interest to participate in the Dawei Special Economic Zone located in the Tanintharyi Region, according to U Myint San, Vice President of the Management Committee for SEZ.  Myanmar, on November 5,  invited international partners to invest in the SEZ project under Government to Government Collaboration and received...
The Ministry of Planning, Finance, and Industry will conduct a survey called Baseline Survey on Myanmar MSME’s Digital Utility on over 2,500 Micro, Small and Medium Enterprises (SMEs) to identify digitalization and improvement index so that the government can adopt the policy. The survey will be carried out by MinMyanmar...
Part 1 of the Yangon Elevated Expressway project is estimated to cost $800 million, according to U Han Zaw, Union Minister of the Ministry of Construction, at the meeting by Steering Committee on Implementation of Yangon Elevated Expressway and Outer Ring Road. The meeting was held to discuss the...
The first underpass in Myanmar, being built on Pyay Road in Kamayut Township, will be completed by the end of January 2021 as the construction process of the underpass is 85 percent complete with one entrance elevator on the side of Junction Square is under construction while others are...
Yangon Real Estate Market is sluggish with more selling offers in contrast to very few buyers during the COVID-19 pandemic, according to real estate agents. “People have less cash in their hands and started selling their properties. But there are very few buyers and even fewer transactions,” a real estate...
New Yangon City Development Project has received 16 Expressions of Interests (EOI) submitted by companies and consortiums from nine countries in the Swiss Challenge for the first package of works launched on October 15, 2020, by the Swiss Challenge Tender Committee. It is the Committee’s objective to apply a structured...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Yangon Real Estate Market is inactive due to the COVID-19 with some owners offering their property at a lower price. “As the COVID-19 cases are increasing, people who have purchased the properties are now offering theirs at a lower price. However, there are only offers and very few...
The Yangon City Development Committee (YCDC) has received over 1,000 building permit applications through the Yangon Building Permit System (YBPS), a fully automated system making all processes related to building permits including inspection requests completely online, significantly improving processing times, in just five months of operations. The YPBS was designed...
Colliers International Myanmar and Noble Twin Dragons Co., Ltd. (Ruby Dragon Group of Companies) entered an exclusive investment representation agreement for Pyay Tower and Pyay Residences. The upcoming mixed-use commercial and residential project sits on 2.16-acre freehold land, located in one of Yangon’s premium addresses. Designed as a prime landmark development, the project is...