Government low-cost housing event to be held in October at MICT Park

A low-cost housing event will be held from 21st to 23rd October at MICT Park in cooperation with the Department of Human Settlement and Housing Development and the Construction and Housing Development Bank. The low-cost housing event, led by mm, includes low-cost apartments implemented by the government under a 100-day project. The low-cost housing […]

Tender for Construction of 2 Low Cost House Projects at Hlaing Thayar Township . Closing Date 30th Sep 2016.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Ministry of Construction Department of Urban & Housing Tender Invitation Yangon Region,Hlaing Tha-Yar Township,Thanlyn-Kyauktan Township,the Ministry of Construction,Urban and Housing Department is planning to develop low-cost and affordable housing complex and apartments at the following places: Hlaing […]

Low cost housing projects to be opened to foreign construction companies

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Due to the chronic housing shortage that the current government has inherited, the new government will look at opening up low cost housing construction projects to foreigners if they are able to complete the project in 2 years. […]

Housing project prices spark public anger

The price of apartments in Myanmar’s largest housing development project, which will be sold to buyers later this year, has been met with anger from the public. Low-cost housing is being built in Dagon Seikkan township in Yangon. StaffLow-cost housing is being built in Dagon Seikkan township in Yangon. Staff The 120-acre Ayeyarwon development project […]

Yangon needs 75,000 new apartments each year

Yangon will need around 75,000 new apartments to be built each year to accommodate the city’s growing population, but contractors are struggling to come anywhere close to this target. More than 330,000 people migrate to Yangon each year from elsewhere in the country, but formidable challenges remain to building enough accommodation to keep up with […]

Squatters delay Hlaing Tharyar housing

A low-cost housing project for workers in Hlaing Tharyar township has been delayed by squatters who refuse to vacate land set aside for the project. The prevalance of squatters at the low-cost housing site has kept the project from moving forward. Photo: Aung Htay Hlaing / The Myanmar TimesThe prevalance of squatters at the low-cost […]

Sparse starting point for first New City

Driving northeast from East Dagon township along Number 2 Main Road, the city of Yangon fades away and is replaced by rice fields and idle land. The area is dotted with a few small villages, but given the distance between the area and downtown Yangon, it is thinly populated and underdeveloped. Other than this low-cost […]

Developers Urged to Focus on Low Cost Housing

While high-end properties in Myanmar are being built at a record rate, there is increasing need for low-cost housing, experts told a forum. “YCDC has permitted 20 building that are over 20 storeys and three buildings with more than 30. These projects are typically constructed on a build-operate-transfer basis. But people of all economic classes […]

New addition to Yangon skyline

Luxury complex architect aims at “least impact” on Shwedagon Alex Lau, a veteran architect of high-end developments in Hong Kong, China, North America, and South-East Asia, is leading the design work on a luxury complex scheduled to appear on the Yangon skyline, near the landmark Shwedagon Pagoda, in 2019. The deputy managing director of the […]

Yangon Starts to Control Property Prices, but Rent Is Another Story

YANGON — Realtors say a new tax measure has successful cooled an overheated property market in Myanmar’s biggest city, with sale prices stagnating for high-end properties, but that rental fees have continued to soar. In October, the Yangon divisional government applied fixed values for properties to determine the amount owed in property taxes. Last month, […]