Developers start applying for tender over new town plan

More than 20 developers have purchased tender application forms for the Yangon new town plan, according to Yangon regional government.

“They just bought application forms; they haven’t applied yet. They have to apply for bidding by August 18,” said an official from the regional government.

The application forms started selling on July 12, at Ks 50,000 (US$50). The developers have to put down Ks 5 billion deposit first before bidding.

The project would see Yangon expanded to the southwest in an area covering more than 20,000 acres between the Panhlaing River, Hlaing River, Twante Canal and Hlaingthaya-Twantay Road.

The Maha Yangon Urban Development Plan 2040 contains seven projects by priority of importance:

1) 17,375 acres in the east of Yangon;

2) 21,716 acres in the southwest area;

3) 21,193 acres in Thanlyin Township;

4) 15,173 acres in Dala;

5) 24,748 acres in Htantabin;

6) 11,594 acres in Hmawby;

7) 6,933 acres in Hlegu

There have been criticisms since the second priority has been tendered first. Some suggest the east side of the city should be developed primarily due to its poor infrastructures.

Dr Nyo Nyo Thin, MP from No 2 Bahan Constituency, said she would be closely watching the tender scrutinising process on August 18.

Source: Eleven

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here