More Than 2000 Low-Cost Units to Go on Sale

More than 2000 low-cost apartments will go on the market next month as a wave of government construction projects nears completion, officials have announced. The Department of Urban and Housing Development said the three projects, in two Yangon townships, were being made ready for sale. “Sales of the 2208 apartments will begin in November,” said […]

Condominium by-Laws Delayed With Govt Targeting Completion by Year’s End

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say. Expectations that the law, which was finally passed after considerable debate and delay, would usher in a spate of foreign purchases of Myanmar real estate have so far proved unfounded. U […]

Condominium Rules to be Finalised in December

THE Ministry of Construction has put concerted efforts to finalise the condominium rules, which will include exact provisions and procedures before the end of December, according to a spokesperson of the ministry’s Department of Urban and Housing Development. The ministry and relevant organisations have been developing the Condominium Law since 2013. It aims to establish […]

Solving the Yangon housing shortage

Amid estimates that Yangon’s population of 7 million-plus will move into double-digits in the next 10 to 20 years, what is being done to solve the commercial capital’s housing crisis? The problem is exacerbated by the slow pace of economic and social development, which keeps incomes down. Yangon, home to 7.3 million people, according to […]

Residents encamped along highway vow to return if evicted

Defiant residents have laid down a challenge to the Yangon Region government: If you evict us, we will return. The squatters insist they will not be driven from their homes because they have nowhere else to go. Their stance is a serious challenge to the regional government’s insistence that it will not resort to the tactics […]

The first affordable housing rolled out in Mon State

The first affordable housing projects in Mon State will reportedly be rolled out in Chaungzone and Thanbyuzayat Townships in the wake of the current rainy season, according to the Mon State government. U Wunna Kyaw, Mon State Minister of Planning, Finance and Immigration, has announced sales of units within the affordable housing estates will be […]

‘Trespassers’ pushed out of homes by affordable housing project

They have been dubbed the trespassers. The 200 or so families who moved to Ingalaing when it was only an underdeveloped, unutilised field on the fringes of Yangon have now found themselves in the middle of a turf war. As the city expands, developers are eating up the no-longer-so-far-flung plots in Hlaing Tharyar, and attempting […]

Foreign companies to be invited to build Yangon low-cost housing

Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]

Yangon officials wind up industrial land review

The Yangon Region government has finished a review of land price speculation in the city’s 29 industrial zones, which ultimately aims to free up thousands of vacant plots to be developed into factories. Empty plots will be reclaimed by the government, before being re-allocated to companies that really want to build industries, said regional minister […]

Govt plans 700-acre economic zone in northern Yangon

The construction ministry is planning to build an economic zone on 700 acres in Yangon’s Mingalardon township including residential and commercial buildings, an official has told The Myanmar Times. The land between Yangon-Pyay Road and No.3 Yangon-Mandalay Highway was transferred to the ministry’s Department of Urban and Housing Development in January this year for development, but […]