Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Yangon government eyes southern seaport

The Yangon Region government is looking into the possibility of building a seaport in the south of the city as part of a plan drawn up with the help of the Korea International Cooperation Agency (KOICA). U Toe Aung, deputy head of Yangon City Development Committee’s City Planning and Land Administration Department, said the plan […]

Solving the Yangon housing shortage

Amid estimates that Yangon’s population of 7 million-plus will move into double-digits in the next 10 to 20 years, what is being done to solve the commercial capital’s housing crisis? The problem is exacerbated by the slow pace of economic and social development, which keeps incomes down. Yangon, home to 7.3 million people, according to […]

What Opening Up an Isolationist Nation to the Global Economy Does to Traffic

Three years ago, traffic may have cost Burmese 24-year-old Kyaw Kyaw Win his job. He migrated to Yangon, the commercial capital of the country now known as Myanmar, in search of worktwo years after the start of crucial economic development reforms that opened the once-hermit nation to international investment. The country of more than 51 […]

Yangon zoning plan expected this year

Yangon’s zoning plan will finally go from draft to law this year, YCDC officials said earlier this week. The city plan was first drawn up in 2013 by a working committee with recommendations from urban planners and representatives from YCDC, the Ministry of Construction, Yangon Heritage Trust, the Ministry of Science and Technology, and Japan […]

YCDC planner targets 30 percent parkland

It isn’t easy keeping Yangon green, what with the heat, developers’ voracious appetite for empty land, and the council’s lack of resources. But municipal officials say they are hopeful they can more than double the amount of green space in Yangon under a new zoning plan, taking the figure up to 30 percent. U Toe Aung, a […]

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 […]

Korea-Myanmar group proposes $620m Yangon expressway

Two companies from Korea and a Myanmar conglomerate have submitted a joint proposal to the Ministry of Construction to build an expressway from Yangon to Bago. Capital Diamond Star Group (CDSG) hopes to work with South Korea’s Lotte E&C and Halla Corporation to build the road, which would link Yangon to a new international airport […]

The struggle to save Yangon’s architectural heritage

Shepherding a flock of tourists through the traffic-congested streets of Yangon, formerly known as Rangoon, a local tour guide shouts over the roar of oncoming vehicles. Here, on Bogolay Zay Street amid the moss-covered, weather-stained, early-20th Century facades in the historic centre of the city, the history of the colonial buildings that make up old […]

YCDC, heritage trust to press on with conservation law

The release of two draft heritage protection laws last month blindsided Yangon’s main heritage preservation group and the municipal authorities, who have been working together on a conservation law to protect the city’s heritage buildings. However, both say a dedicated conservation law for Yangon will still be needed, even if the new draft laws are […]