Contractors association bands together with YCDC grievances

Over 500 of Yangon’s licensed building contractors met last week to debate forming an industry association, which will have a long list of policy complaints to take to Yangon City Development Committee. The city’s contractors are banding together partly in anticipation of new YCDC regulations, and believe an industry association will make it easier for them […]

YCDC drafts new rules for building permits

Yangon City Development Committee has finished amending its building permit regulations, its secretary said yesterday, after completing a divisive review of high-rise projects across the city that saw rule-breaking developers told to amend their designs. The new regulations have already been shared with industry association and will be made public once they have been approved by the Yangon […]

Tritone Towers Puts Its Residents Above The Rest

South Korean conglomerate Hanwha Corp is making headway in their project to build a massive three-tower inclusive community called Tritone in the 8-mile area of Yangon. While the construction may be in its infancy, the firm claims that customers have been lining up to purchase the ultra-luxurious condominiums to be completed in late 2018; new […]

Few ‘condos’ qualify under new law, say experts

The new condominium law – which will grant international buyers access to Myanmar’s real estate market for the first time – has been widely welcomed, but experts say just a handful of properties are initially likely to be eligible. After years of debate between the two houses of parliament, the law was passed on January […]

Bago Election commission invites open tender to build the building; Closing date: Dec 24, 2015

Invitation for Open Tender 1. Open tender are invited to build the building for department of Bago Election commission in Bago, Bago region in fiscal year 2015-2016. 2. For details information can be inquired to Ph: 052-2201848, 052-2201314 during office hours 3. Tender closing date & Time – Dec 24, 2015 (9:00 Am) 4. Tender […]

UEC invites open tender for National Businessmen to build the office in Thaton; Closing Date: Dec 11, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Republic of the Union of Myanmar Union Election Commission Mon State, Thaton district Election Commission department, Thaton Township Invitation for Open Tender 1. National businessmen are invited to build the office of Union Election Commission that has 44′ […]

Construction Business Saddled by Debt, Competition

The construction business, a capital-intensive industry, is struggling as many developers have gone into severe debt, developers said at a conference. At a forum on the situation of the construction industry held at UMFCCI, U Ko Ko Htwe, a major property developer who runs Taw Win Construction Company, claimed, “We are about K20 billion in […]

MS Holdings Secures Distribution Rights for Cormach Cranes in Myanmar

Crane rental firm MS Holdings Limited has announced that its wholly-owned subsidiary, MS Equipment Pte Ltd, has been appointed by Italy-based Cormach Srl as its exclusive distributor in Myanmar. The Singapore-based firm also secured the distributorship rights for Myanmar’s ASEAN neighbours Singapore, Malaysia, Brunei, Laos, Cambodia and Vietnam. Under the exclusive distributorship agreement, MS Holdings […]

Apartment Projects Dance Around Regulations

Apartment building development has become a major market for the local real estate industry after Myanmar began to open up in 2011. However, construction has been slowing and seeing more disputes between land owners, contractors and buyers due to quality-control and funding problems. Many disputes have arisen from contractors’ failure to complete construction in the […]

Real Estate Deemed Safe Haven as Kyat Tumbles

The free-fall of the local currency Kyat in recent months is having an impact on the real estate market as buyers keep putting their money into properties to hedge inflation, realtors say. Kyat has fallen drastically since September last year – when it was trading around K970 for a US dollar – and was hovering […]