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...
European Union will provide EUR 5 million for promoting integrated land use planning and management in Myanmar, according to U Henry Van Thio, Vice President of Myanmar, who chairs the National Land Use Council.
The project will take four years and the EU will provide its funding through FAO.
The government...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The State Counsellor Daw Aung San Suu Kyi attended the groundbreaking ceremony for the rental housing project at the special agricultural zone in South Dagon Township, Yangon.t
Over 200 companies led by three construction associations will develop this mega project aiming to satisfy the surging housing demands and...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Shwe Taung Real Estate Co., Ltd, the real estate arm of Shwe Taung Group, has entered into a joint venture with AEON MALL Co., Ltd., a member of Japan’s Aeon Co Ltd, a listed conglomerate, to invest, develop, manage and operate large scale shopping malls in Myanmar....
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Samanea Yangon Market, located at the corner of Bago River Road and Yadanar Road in Dagon Seikkan Township, is planned to launch in November this year after the test opening in August as the construction process of the market is now complete.
The wholesale market is jointly developed...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The government has taken back 16,450 acres of land it has granted to private companies for various purposes such as plantation or livestock breeding, because companies failed to implement anything on the granted lands, according to the Central Committee of Land Management.
It has taken back a total...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Mortgage loans stimulate the sluggish local real estate market, which has been seeing lower demands during the devastating COVID-19 pandemic.
“Most of the properties sold are through banks. Huge projects such as Star City offer apartment units with bank loans. There are very few transactions of high-priced properties...
Over 500 apartment units from Myayinanda Affordable Housing, developed by Mandalay City Development Committee, will be sold for the fourth time this year.
The committee in June has sold over 580 units from the project for the third time.
The apartment units sold during the third sales were quoted at K28.84...
Written by Andrew Delaney
Last year, Thailand was the third-largest foreign investor in Myanmar at $6.6 billion in 2018-2019 following Singapore then China.
However, due to the unofficial border trade, this figure understates the value of the trade relationship. Thailand has the longest border with Myanmar at 2,416 km. Myanmar shares...