Construction labourers compensated for suspended high-rise construction projects

Construction staff and labourers received compensation in accordance with Labour Laws after the High-Rise Building Inspection Committee reviewed suspended construction projects. Several high-rise building projects in Yangon were forced to suspend activity on 14 May, causing losses for developers. Because there is no guarantee that those high-rise building projects will resume, the engineers, staff and […]

Developers to discuss suspension of high-rise buildings

Developers are due to meet to discuss the suspension of high-rise building projects in Yangon before submitting complaints to the authorities and the members of parliament. High-rise building projects were suspended on 14th May, raising concerns among entrepreneurs and threatening job losses to engineers, staff and laborers at construction sites. “We are carrying out the […]

Metal scaffolding taking hold

In a sign of maturing for Myanmar’s property market, more efficient metal scaffolding is replacing the traditional bamboo scaffolding in development projects in Yangon as buildings get higher and bamboo becomes more expensive, construction experts said. Though it is still common to see partly constructed buildings swathed in a framework of wooden scaffolding poles tied […]

No let-up in sight for condo prices

Condominium prices will shoot through the roof and reach its peak in the next two years if foreigners are allowed to purchase them, market experts and Myanmar Real Estate Services Association sources say. “There is a strong possibility of the prices going higher if foreigners are allowed to buy condos. The number of condos in […]