Developers push back on YESC power play

Dozens of construction firms sent a joint letter to the Yangon Region government challenging an August directive from the Yangon Electricity Supply Corporation to install transformers on new buildings that use more than 30 kilowatts of electricity. The letter, dated September 28 and signed by 40 local developers, says that not all construction companies can afford to […]

GEMS Garden Condomium: First two towers finished

Two of the structures are now completed at GEMS Garden Condominium, according to company officials. The development, started in 2013 by Capital Development Limited, a subsidiary of the Capital Diamond Star Group conglomerate, is now planning to finish its last two towers by the end of this year and residents can move in around 2016 […]