Real Estate Sector to Pick up on Back of Foreign Demand

Demand in the Myanmar real estate market is expected to pick up in 2018 now that the rules to the new Condominium Law have been released. Under the new rules, property investments by foreigners are expected to spike, said U Aung Naing Oo, secretary of the Myanmar Investment Commission. The rules, which were released in […]

Yangon Central Railway Comprehensive Development Project to Continue

The Union government will select a winner for the tender of the Yangon Central Railway Comprehensive Development Project by next month, U Htun Aung Thin, general manager of Myanma Railways (lower Myanmar). Under the project, Yangon Railway Station is to be redesigned and rebuilt as an international standard railway station equipped with modern business outlets […]

Yoma Throws Weight Behind Office Space Demand and Urban Development

A great many metropolises in Asia are defined by their skyscrapers — one only has to think of the Petronas Towers in Kuala Lumpur and Lord Norman Foster’s HSBC headquarters in Hong Kong. But while high-rise building lace the skylines of major Asian cities like Singapore, Jakarta and Bangkok, Yangon stands as an exception. Last month, […]

Demand for new Yangon office complexes to continue rising

With more foreign direct investments (FDI) expected to flow into Myanmar due to insurance sector developments, enactment of the Investment Law and anticipated approval of the new Company’s Act, real estate developers have been urged to build more international-standard office complexes to accommodate demand. “There is potential for [office] development. Insurance sector developments and new […]

Yangon Central Railway Station redevelopment to start in 2018

The redevelopment of Yangon Central Railway Station will start next year, said general manager U Htun Aung Thin from Myanma Railways. Myanma Railways aimed to upgrade Yangon railways station to become as an international standard in order to provide more convenience and comfort to passengers. Myanma Railways aimed to construct modern buildings which will include […]

Junction City Becomes Yangon’s Latest Addition

Junction City, one of downtown Yangon’s high-end real estate projects, has been completed and is now officially opened. The developer, Shwe Taung Group, started the construction in 2014. Phase one of Junction City is located at the junction of Bogyoke Aung San road and Shwedagon Pagoda road in the city’s central business district. The total […]

Lack of safety measures threatens shopping malls

Despite Myanmar’s softer-than-expected growth, there are still fairly visible developments compared to the years before 2010. A rise in the number of shopping malls is a striking testimony to the recent economic changes of Yangon. This trend has intensified since 2012, when plush shopping malls started reaching beyond downtown into other areas of the city. […]

Inflation lurks over Myanmar’s favorite meal

YANGON — Shan khauk-swe is a noodle dish widely devoured in Myanmar. Many street stalls in Yangon, the largest city, serve the ethnic delight, originally from the northeastern state of Shan. And despite rising prices and foreign fast-food options — Myanmar people still eat it up. A bowl of shan khauk-swe consists of rice noodles […]

Boozy battle-ground: a turf war brews in Myanmar

At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. All over Myanmar, domestic brands such as Myanmar […]

Hundreds of Yangon trishaw drivers fined

Almost 500 trishaw drivers have been arrested and fined over the past six months, as authorities claim Yangon’s increasingly congested streets offer less and less room for alternative forms of transport. Drivers have handed over more than K5.7 million in fines since April 1 for a range of misdemeanors including riding in certain townships outside […]