Garment boom raises rents

An increase in garment manufacturing and demand for storage space is pushing up rental prices on industrial land. “Rents in industrial zones that host garment manufacturing and goods storage are up,” Myanmar Real Estate Services Association vice chair U Than Oo told The Myanmar Times this week. “It’s happening in nearly all zones. The rental […]

Yangon’s struggling industrial zones need support: interview

Yangon’s industrial zones have been left largely to fend for themselves while the government focuses instead on trophy projects such as a new special economic zone at Thilawa, says U Myat Thin Aung, chair of Hlaing Tharyar industrial zone. Almost all the infrastructure that keeps factories functioning, including electricity, roads and sewers, is provided by […]

Yangon authorities join calls to end idle industrial land

Yangon authorities have added their voices to calls for an end to the practice of buying industrial zone land and then holding it fallow in the hopes of flipping it for profit. Genuine investors are often put off by the high costs for industrial land, and deputy industry minister U Myo Aung on March 17 […]

Hlaing Tharyar set to shine after bridge opens

After several years of painful traffic jams, the owners of properties in Hlaing Tharyar, across the Yangon River to the north-west, could be poised to reap higher returns on their investments, say real estate agents. The completion of a four-lane bridge across the river in October has slashed travel times to Hlaing Tharyar. “Hlaing Tharyar […]