President’s Office to grant ministry land to Shwedagon developers

The President’s Office will grant ministry-owned land in Yangon to five companies, as compensation for cancelling their projects beside Shwedagon Pagoda earlier this year, a senior official said. The five large developments were to be built on Ministry of Defence land beside Myanmar’s most famous religious site, but were called off permanently in July, following […]

Shwedagon High-Rise Developments to be Relocated Soon: MIC

RANGOON — The relocation of five cancelled developments planned near Rangoon’s Shwedagon Pagoda is likely to be finalized by the end of the year, according to the Myanmar Investment Commission (MIC). At a press conference on Wednesday, MIC secretary Aung Naing Oo reiterated earlier comments that developments would be relocated elsewhere in Rangoon to compensate […]

Developers look for sites in Yangon

YANGON, 31 August 2015: Myanmar Investment Commission says the relocation of five cancelled real estate projects planned for sites close to Yangon’s Shwedagon Pagoda will be finalised by the end of the year. Irrawaddy media quoted MIC secretary, Aung Naing Oo, saying investors would be given alternative plots in Yangon to compensate for the government’s […]

Dagon City Saga – A vote of confidence in the future of Yangon City as a livable heritage city

Shwedagon Pagoda is the defining landmark in the City Center – no high-rise is allowed within a 1.6 km radius Source of photo: I am a Singaporean who runs a business consultancy in Myanmar since early 2013. I think most foreigners have very little understanding of what goes on in Myanmar. I have seen […]

Developer quietly terminates project near Shwedagon

Marga Landmark has agreed to follow the government’s order to terminate the project Dagon City 1 luxury development. “While everything we have done is proper, legal and for the best interest of our customers and the public, we respect the public sentiment, particularly that of the Sangha members, and we are working with the government […]

Dagon City 1 Dumped by Government under Pressure from Religious, Civic and Social Organizations

The Union Government announced on July 7 that the Dagon City 1 Project in Yangon has been shut down permanently in a bilateral agreement between the government and the luxury property developers. “There were growing concerns among the people, monks, scholars and experts about the dangers of these projects to the Shwedagon Pagoda. The Myanmar […]

Regional government rejects proposal on controversial property projects

The Yangon Region government has shot down a proposal to suspend or cancel controversial property projects near Shwedagon Pagoda, as a committee of monks announced they intend to stop the projects from going ahead. The five multi-million-dollar developments just south of Shwedagon were halted in January by the Myanmar Investment Commission amid zoning concerns. Bahan […]

Changes to five condominium projects mulled by YCDC

Yangon City Development Committee is now putting together a master plan on five paused construction projects after two other official bodies weighed in with recommendations, according to government officials. The five were initially suspended in late January following concern from some members of the public and government officials that the height of the projects may […]

Five projects near Shwedagon are suspended

Five large construction projects have been suspended by government authorities due to concerns over proximity to Shwedagon, according to local media. The Thu Kha Yadanar Co, Shwe Taung Hday Development, Dagon City 1 by Marga Landmark, Shwe Taung Development and Adventure Myanmar Tour and Incentives projects have all been put on hiatus while Yangon and […]

Yangon to host third Myanmar International Fashion Week 2015

The third annual Myanmar International Fashion Week is to be launched on February 6 at Dagon City 1 in Yangon. Organised by John Lwin (Star Event Production), the three-day event is being held to develop the talent of local designers and boost Myanmar’s modelling industry. Fashion lovers will view creations by well-known local designers including […]