In a bid to resolve Yangon’s squatter problem, the Yangon Regional Government is preparing to build a second housing project for squatters.
Construction is slated to start in December. When completed the project will include 450 units of single-family houses in South Dagon Township and 300 units in East Dagon.
The...
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...
Major Japanese retailer Aeon has decided to postpone its $180 million shopping mall project in Myanmar due to the political turmoil in the country, according to NHK reports.
Aeon planned to start the construction process this year and expected to open the mall by 2023.
The project is a joint venture...
Upscale Yangon real estate property Golden City has launched a New Year promotion campaign offering discounts on condominium units, to end March 31.
With Phase 1 and Phase 2 now completed, Golden City has seven residential towers targeted at young professionals and families. The development features facilities including a swimming...
Year Foreign direct investment into the agriculture sector in Myanmar as of August 2020-2021 Fiscal Year is less than one percent of the total FDI into the country, according to the Directorate of Investment and Company Administration.
The Agricultural sector only received USD10.650 million between April and September 2018 and...
The Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction.
Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles.
One the new...
The Privatization Commission under the Ministry of Commerce will sell under open tender 25 properties it owns in Bago, Yangon and Mandalay regions.
The tender form can be obtained from the Office of the Privatization Commission in Naypyidaw from November 13 to December 12.
The properties for sale in Bago Region...
Zin Thu Tun/Myanmar Business Today
Hong Kong-based Goldman Fortune International has secured approval from the government for the $350 million Mindama Complex, representing the third foreign direct investment into Myanmar’s real estate sector in the new fiscal year started October 1.
The development on 20.837 acres of land on Mindama Road,...
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...
The military junta amended the 2020 Union Tax Law cutting the percentage of taxation on unassessed income or undisclosed sources of income with the aim, it said, to increase businesses which severely hit by the impact of the COVID-19 pandemic.
The NLD administration introduced taxation on unassessed income in a...