New location for cancelled Shwedagon project

  The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]

Compensation key for cancelled projects

Popular concern that the projects could undermine nearby Shwedagon or block the view of the famous landmark was driven by the monk-led Save Shwedagon Campaign. Yet the companies themselves had put considerable time, money and effort into the project, and as far as they knew were following the law. With the developments now finished, experts […]

Developer warns against rumours on paused project

MARGA Landmark has issued a statement clarifying its mixed-use Dagon City One project and warned against what it calls critics spreading wrong information and engaging in groundless speculation. Dagon City One is one of five projects that have been temporarily suspended by government authorities since February, following public concern that the projects may affect the […]

Changes to five condominium projects mulled by YCDC

Yangon City Development Committee is now putting together a master plan on five paused construction projects after two other official bodies weighed in with recommendations, according to government officials. The five were initially suspended in late January following concern from some members of the public and government officials that the height of the projects may […]

Review Team Orders Dagon High-Rise Redesign

RANGOON — Work is set to resume at several Dagon City development projects on Thursday after the expiry of a four week building halt, with one company ordered to modify its construction plans in order to safeguard the nearby Signal Pagoda. While a report on the projects has yet to be made public, officials negotiated […]

Dagon City ‘Will Resume’, Amid Calls for Planning Overhaul

YANGON — Two weeks after the sudden suspension of the Dagon City 1 high-rise project highlighted the inconsistencies of Yangon’s current planning regime, the development appears set to go ahead as planned after a government review is concluded. Along with four other projects nearby, work at the 22-acre Dagon City 1 site was halted on […]

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 […]

Plans for massive ‘high-end’ luxury development in Yangon unveiled

Multi-national developer Marga Landmark and its Myanmar-based partner Thu Kha Yadanar unveiled plans for a 22-acre (8.9 hectares) multi-use complex located at U Htaung Bo Circle between Shwedagon Pagoda and the Yangon Zoo at a media briefing on June 23. The majority shareholder Marga Landmark owns 70 percent of shares and is set to invest […]