Insurance industry to buoy office market Summary & Recommendations As at the end of 2018, the citywide occupancy breached the 70% mark. Though this is healthy, Colliers has noted the sluggish pace of absorption during H2 2018. While demand appears currently held back given the recent market situation, Colliers remains optimistic that office space requirements […]
Hilton & Resorts to open Hilton Times City Yangon
January 18, 2019 by
The US-based Hilton & Resorts will open Hilton Times City Yangon, for fourth of its kind in 2022. A ceremony to sign MoU on management to open Hilton Times City Yangon with 308 rooms in Yangon, the commercial city was held at Times City on January 12. Hilton Times City Yangon is being jointly built […]
MIC approves 31 investments in January
February 8, 2016 by
The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]
Yangon official takes fresh aim at high-rise projects
January 27, 2016 by
A yangon official known for his outspoken views has publicly criticised two high-rise projects, including a Singapore-backed condominium, and says he has imminent plans to target several more. U Khin Hlaing, an executive member of the Yangon City Development Committee, has a history of campaigning against real estate projects . Last year, he was one […]
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