In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

New location for cancelled Shwedagon project

  The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]

Once-Cancelled Dagon City 1 Project Relocated to New Site

RANGOON — The government has relocated a controversial international development project to a new site after it was suspended seven months ago following a public outcry over its proximity to the Shwedagon Pagoda. The Myanmar Investment Commission (MIC) on Friday approved a new 17 acre site for Marga Landmark’s Dagon City 1 mixed use project, […]

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 […]

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 […]

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 […]

Serviced Apartment Market in Yangon 4Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Serviced Apartment Market 4Q 2014 Developers beginning to take interest over limited supply The total supply of serviced apartments grew meagrely in 2014, with only 30 additional units introduced. In the near […]

Dagon City ‘Will Resume’, Amid Calls for Planning Overhaul

YANGON — Two weeks after the sudden suspension of the Dagon City 1 high-rise project highlighted the inconsistencies of Yangon’s current planning regime, the development appears set to go ahead as planned after a government review is concluded. Along with four other projects nearby, work at the 22-acre Dagon City 1 site was halted on […]

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 […]

Dagon City showroom already creating a buzz

The showroom of Dagon City 1, a multipurpose residential project that will be built in one of the city’s prime locations – next to Yangon Zoo – has been drawing crowds even though it has yet to officially open. The showroom will officially open on September 27, but its staff are not turning away those […]