High-rise car parking and hotels to be built on Myanma Railway land

HIGH-rise car parking and hotel projects in Yangon will be implemented on the land belonging to Myanma Railway, it has been learned. Due to a scarcity of available land in Yangon City, a number of development projects will be conducted on the grounds of the Kyimyindine and Pazundaung railway stations which are owned by Myanma […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]