Yangon’s battle against unlicensed contractors

With more and more unlicensed contractors cooperating with landlords to build illegally in Yangon, local administrators say they are struggling to find ways to stop the unregulated boom in low-quality apartments. Yangon City Development Committee has been fighting a losing battle against illegal construction for several years, while new contractors continue to open unlicensed businesses, said U […]

Yangon water supplies to outlast hot season, says YCDC

Yangon has nothing to fear from El Niño, city officials say, despite warnings that the weather phenomenon will bring drought to many parts of the country. Thanks to advance planning, the reservoirs that supply the city’s drinking water are 15 centimetres (6 inches) higher than they were this time last year, they say. U Myo […]

Yangon construction projects go unfinished

According to the Yangon City Development Committee (YCDC), an average of 500 buildings are permitted for construction every month in the city. However, the committee has no data on whether all of the permitted buildings end up being built. In 2015, the property market in Yangon slumped significantly compared to previous years. As a result, […]

Ministry suspends controversial Yangon tender

The Ministry of Information has stopped selling application forms for a controversial tender, following a motion in parliament to suspend the tender process. No further tender application forms will be distributed in the case of the 90-acre Yegu transmitter site in Mayangone township, Yangon, at the corner of Waizayandar and Gandamar roads, an official from […]

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, […]

Shwedagon and Yangon cannot be divided, says forum speaker

Shwedagon Pagoda is the historical and cultural centre of Yangon, and if its character should fade, the character of Yangon will also fade away, said Daw Hlaing Maw Oo, assistant director of the Department of Human Settlement and Housing Development’s Urban and Regional Planning Division. If modern high-rise buildings are built close to the pagoda, […]

Motorcycle repair shops dodge Yangon ban

More disconcerting, though, is the traffic. Motorcycles are outlawed from Yangon’s urban townships, markedly changing the manner of traffic in the city from the rest of Myanmar, and most of Southeast Asia. Yet there are a few motorbikes to be seen. Many are used for law enforcement, while some are driven outside the rules. To […]

Residents upset over YCDC crackdown

While constructing buildings without permits is a problem across Yangon, it has become especially prevalent in Thingangyun township. Yangon City Development Committee has singled out the township in eastern Yangon, and has promised to tackle the problem by levying penalties on those skirting the law. Some 796 building owners in the township have received warnings […]

Yangon Land Price List

Yangon land price on a per square foot basis by township as used by the Myanmar Inland Revenue Dept for the purpose of calculating property tax applicable. Sr Township Road/Street Name 1 sqft Rate (Kyats) 1. Lanmadaw Mahabandoola Road Ahnawrahta Road, Strand Road, Merchant Road, Bogyoke Road. 240,000.00 Lanmadaw Lanmadaw St, Kaingdann St, Shwe Taung […]

Sky-high real estate prices hinder foreign investments – MIC

Myanmar’s sky-high real estate prices may dissuade new foreign investors, according to sources from Myanmar Investment Commission (MIC). “Currently the real estate prices are very high in the country. It may be a hindrance for foreign investments coming to the country. We have said often that the real estate prices in Yangon are higher than […]