Five projects near Shwedagon are suspended

Five large construction projects have been suspended by government authorities due to concerns over proximity to Shwedagon, according to local media.

The Thu Kha Yadanar Co, Shwe Taung Hday Development, Dagon City 1 by Marga Landmark, Shwe Taung Development and Adventure Myanmar Tour and Incentives projects have all been put on hiatus while Yangon and Myanmar Investment Commission officials consider their effects on the nearby skyline and the city’s cultural heritage.

Public concern over the projects – some of which are only a few hundred metres from the famous pagoda – has grown, with some Yangon residents taking to social media to present their views on the issue.

Elected government officials have also waded into the discussion.

Yangon City Development Committee central executive committee member U Khin Hlaing called on projects to stop last week, claiming he was against cutting down trees at the sites.

Noted historian U Thant Myint-U said in a Facebook post that he had visited one project and was “shocked” by how close some of the planned 12-storey buildings were to Shwedagon.

“The city urgently needs billions of dollars in new investment for new housing and office and commercial space. But it’s critical that development is well planned and within an overall vision of how Yangon should grow and modernize. We have this one chance to make Yangon a truly liveable as well as modern city. We don’t need to make the same mistakes that so many Asian cities have made these past decades.”

He called it “a brave and commendable decision and a step forward for proper urban planning.”


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here