Regional Government Limits Drone Use in Yangon

The Yangon region administration department has banned the flying of drones in 16 townships to ensure the safety of aircraft landing and taking off at the Yangon International Airport. The order is effective since November 28, the agency said. People who violate the order can face up to six months imprisonment, a fine or both, the […]

Drones Banned in Yangon Townships Due to Airport Hazard

For the safety of flights landing at Yangon International Airport, Yangon Region General Administration Department has issued an order dated November 28, banning drones and other unmanned aircraft (UA) in 16 townships in Yangon. An official of the Yangon Region GAD said the covered townships are North Okkalapa, North Dagon and East Dagon in the […]

Condominium rental market bearish despite higher demand

Even though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]

Burma Signals for Foreign Investment

NAYPYIDAW — Burma’s businesspeople are expecting foreign investments to help launch their projects after buying thousands of acres across the country to develop industrial zones and large-scale operations, according to the Myanmar Investors Development Association (MIDA). Companies presented their ventures at MIDA’s Myanmar Investment Forum 2017 in Naypyidaw on June 6-7, which attracted mostly Chinese […]

Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Yangon real estate market recovers late in the year

The Yangon real estate market has bounced back from a two-year cooling period at the end of the year, with sales and rentals of real property going well, said Yangon real estate agents. “It is a long time that the real estate market has been cool. However, the sales in the end of year are […]

Drones must steer clear of Shwedagon

Shwedagon Pagoda is now a no drone zone. Unmanned aerial vehicles (UAVs) are not welcome to fly over the famed pagoda or its grounds without prior permission, the pagoda trustee committee announced at a September 30 press conference. The board of trustees said the ban has been in place for a year, but has not […]

Rangoon Govt Orders Safety Modifications to High-Rise Buildings Under Construction

RANGOON — Despite complaints from developers, a review committee for the construction of high-rise buildings has ordered safety modifications to 12 structures, stating that failure to follow Rangoon’s updated urban planning standards could cause harm to the city and its residents. This week the Rangoon divisional government ordered the developers of the buildings to reduce […]

Two river pump projects to supply clean water to Yangon

To satisfy increasing demand for water in Yangon, the Yangon City Development Committee is planning to implement water-pumping projects in the Kukkowa River and Toe River this fiscal year. The two projects will have the capacity to distribute 100 million gallons of water daily. The Kukkowa project will supply 60 million gallons daily to Hlaingthaya, […]

Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]