Yangon ‘new cities’ passed on to NLD

Yangon authorities have tried to launch a city expansion project, in various guises, for the past two years, but have met widespread opposition and made little progress. The latest plan, to build seven satellite towns, was made public in July. It was announced shortly after a multi-billion-dollar contract – awarded in 2014 to Chinese investors to […]

First winner coming in New City tender

Yangon Region is set to announce the winning developer for one of the seven proposed new city projects on September 22. The Southwestern New City is at the same site that was at the centre of the controversial New City proposal a year ago, when it was revealed in a surprise announcement in regional parliament […]

Developers pile in to tender for Southwest New City

In a sign of renewed confidence in a controversial project, more than 50 companies have signalled their interest in developing Southwest New City. Regional government officials say all have bought tender forms in preparation for bidding to take part. Yangon regional government invited tenders last month for the 11,716-acre site, bordered by the Pan Hlaing […]

Confidence missing in Yangon New City

However, land speculators have been slow to express a renewed interest in the controversial project, as they fear it may be suspended again, according to real estate agents. The project will be located on an 11,716 acre site, bordered by the Pun Hlaing River, the Twante-Yangon Canal, the Hlaing River and the Hlaing Tharyar-Twante Road […]