MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]

Yangon official takes fresh aim at high-rise projects

A yangon official known for his outspoken views has publicly criticised two high-rise projects, including a Singapore-backed condominium, and says he has imminent plans to target several more. U Khin Hlaing, an executive member of the Yangon City Development Committee, has a history of campaigning against real estate projects . Last year, he was one […]

Ambitious flyover dreams held back

As the opening date for the first of three new flyovers in Yangon nears, government officials admit they will not be a panacea to the city’s traffic woes, but say the government lacks the budget to build more ambitious infrastructure. The Kokkine flyover on Kabar Aye Pagoda Road, one of the city’s two main thoroughfares, […]

Hilton to sign with Crown Advanced for Yangon hotel

International hotel chain Hilton Worldwide is preparing to sign a deal with local conglomerate Crown Advanced Construction to operate a hotel in central Yangon, a director at the Myanmar firm told The Myanmar Times. The news comes more than two years after Hilton Worldwide signed a deal with Thailand-based LP Holdings in March 2013 to […]

Yangon Condominium Market Report 4Q 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Condominium Market 4Q 2014 Project launches increase despite weakening take-up rate Developers remained confident as project launches continued to soar in 2014, hitting a new record high of 4,150 condominium units, tripling […]