Shwedagon High-Rise Developments to be Relocated Soon: MIC

RANGOON — The relocation of five cancelled developments planned near Rangoon’s Shwedagon Pagoda is likely to be finalized by the end of the year, according to the Myanmar Investment Commission (MIC). At a press conference on Wednesday, MIC secretary Aung Naing Oo reiterated earlier comments that developments would be relocated elsewhere in Rangoon to compensate […]

Developers look for sites in Yangon

YANGON, 31 August 2015: Myanmar Investment Commission says the relocation of five cancelled real estate projects planned for sites close to Yangon’s Shwedagon Pagoda will be finalised by the end of the year. Irrawaddy media quoted MIC secretary, Aung Naing Oo, saying investors would be given alternative plots in Yangon to compensate for the government’s […]

Luxury condo sales open at Ks 360,000 per square foot

The price for a luxury condominium unit currently under construction by KHG Development starts at Ks 360,000 per square foot, according to the company’s senior executive. “At the moment, one square foot runs between 360,000 and 400,000 kyats. The construction will take three years. Singaporean construction consultants will be involved with the project,” said Ye […]