Workers paid in food as Yangon construction ban continues

Building professionals, including expatriates, are at risk of dismissal within weeks as major construction sites have been shuttered by a continuing review, developers say, while workers are being paid in food and related industries are starting to feel the pinch. The freeze on large-scale construction, ordered by the regional government, has forced a widespread shutdown throughout […]

Epic state auction hushes market

The big sell-off has finally arrived. The Privatisation Commission, charged with auctioning state-owned enterprises, on February 13 released a list of 268 sites that will be sold off nationwide, with a final bid submission date of February 24. There are 157 properties in Yangon up for grabs, including many in Bahan, Yankin, Insein, Hlaing, Mayangone, […]

Myanmar retail rental rising

The rising price of rent for Yangon’s street-level shops is being driven by an influx of potential tenants, with some locations demanding six-fold increases from two years ago, store owners say. They said that rapidly rising rental costs are eating into their profits, but constant demand for prime locations is expected to keep commercial rents […]