Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Waste-to-energy plant project in Shwepyitha 25 % finished

THE country’s first-ever waste-to-energy plant being established Industrial Zone is 25 per cent completed, and is estimated to be finished by March 2017, according to a senior officer from the Yangon City Development Committee. Since October last year, the Yangon Waste to Energy Plant Project has been implemented by the YCDC and the tender-winning Japanese […]

Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]

Speculation squeezes potential gains from Dala property

  The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. The Korean-funded project was launched in Dala […]

YCDC to build sewage treatment plants across Yangon

THE Yangon City Development Committee will build sewage treatment plants throughout the commercial city in cooperation with the Japan International Cooperation Agency (JICA). Daw Khin Aye Myint of YCDC said: “The current sewage treatment system in Yangon is no longer able to treat sewage water. We will build sewage treatment plants near Yangon River, Bago […]

Dala landowners hold out for bridge compensation

The government has already signed an agreement to pay 60 owners K130 million each in compensation for their land, residents said. U Tin Hlaing, chair of the Dala Township Development Committee, said yesterday, “We calculate compensation at a rate of K130 million for a 60-by-40-foot plot. Sixty residents have agreed to move, and eight have […]

Depressurising Yangon: Plans and Controversies across the River

Yangon is dealing with a downtown problem; as the city’s population has doubled since 1983, and is expected to double again in the next 15 years, the city must inevitably increase in area, and is searching for prospects across the river for new areas for homes and businesses. Hlaingtharyar in Yangon’s northwest has seen exponential […]

Yangon-Dala Bridge Back on the Table with $138-m S Korean Loan

A $138-million loan will be secured from South Korea for the construction of Yangon-Dala bridge, U Kyaw Lwin, an official from the Ministry of Construction, told the parliament. The rest $30 million of the $168-million project, will be provided by a Korean foreign investment company Economic Development Cooperation Fund (EDCF). U Kyaw Lwin said the […]

Yangon region govt proposes K8,000 billion city development plan

The Yangon region government has its local parliament for over K8,000 billion [US$8 billion] to develop seven areas Myanmar’s commercial capital. Yangon City Mayor U Hla Myint, speaking on behalf of the regional government, told parliament that urban development projects will be implemented in the eastern and southeastern parts of Yangon, as well as in […]

Parliament approves large loan for Dala-Yangon bridge build

The Pyidaugnsu Hluttaw has given the go-ahead to a US$138 million loan from South Korea to build a bridge between Yangon and Dala – a project that will cost nearly $170 million. The $137.8 million loan from South Korea’s Economic Development Cooperation Fund, which will go to Myanmar’s Ministry of Construction, gained approval on May […]