Zaykabar chair: Suu Kyi is ‘like a sister’

Real estate tycoon U Khin Shwe discusses his close friendship with Daw Aung San Suu Kyi, land confiscations associated with his company Zaykabar and his reputation as a crony of the former military regime, in an interview with The Myanmar Times. I understand that you have a close relationship with Daw Aung San Suu Kyi. […]

Low-cost housing project in Yangon struggles to secure water supply

Supplying water to the estimated 100,000 residents of a new housing development in Yangon could put supplies to the rest of the city at risk, the government has warned. Next year, the first 6000 of the 19,600 apartments now being built in the Ayeyarwun and Yadanar housing developments in Dagon Seikkan township will be offered […]

YCDC outlaws extensions to public housing

Residents at Yangon’s affordable housing projects will be punished if they attempt to enlarge their apartments by building extensions. Anyone found adding an annex to housing built by Yangon City Development Committee (YDCD) will be prosecuted, said U Than Htay, head of the Department of Engineering (Building). “We have noticed that many lean-tos have been […]

Yangon auditor-general two years behind on government accounts

Two members of the Yangon Region parliament – an MP from the Union Solidarity and Development Party and one independent – are calling for the release of audits into regional government spending for the past two years. So far MPs say they have only received audited reports for spending in 2012-13 – the fiscal year […]

Yangon New City forgotten by most but residents still hopeful

The area of the once and possibly future Yangon New City project has been irrevocably changed following its announcement by Yangon mayor U Hla Myint last September 22. His surprise statement in regional parliament that Yangon would build a multi-billion dollar expansion on 30,000 acres across the Hlaing River from the main city initially set […]

Market slows but no bursting bubble

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Real estate experts are backing away from their bullish stances of a year ago, expecting a quieter market for 2015. While prices for most Yangon real estate may hold steady or decline somewhat in the year ahead, industry […]

Large extension for Yangon on the table

Yangon mayor U Hla Myint said an extension to Yangon City is being planned to the west of the existing city under the auspices of the regional government, though other members of the regional parliament said they had not heard of the plan until the announcement. Covering an estimated 30,000 acres, the expansion is required […]

Auto part importers jostle for position

There are more cars on the road than ever before, but the supporting industries are not yet up to speed, say would-be auto part importers. Several high-profile international car manufacturers have set up shop in Myanmar, with a few like Nissan also announcing plans to open local assembly plants and others like Toyota holding discussions […]