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Lower tax rates, higher liquidity expected to boost property market

Real estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. One reason demand will rise is as a result of a reduction in tax rates on previously undeclared income, which is expected to encourage those who have […]

3 million gallons of daily water supply for Southern Yangon townships to start in June 2020

The process of employing contractors for distribution of three million gallons of drinking water to the townships in southern part of Yangon Region including Dala Township will begin in June 2020. The information was disclosed by Nay Pyi Taw Council member Aung Myin Tun after Lower House MP Dr Sein Mya Aye for Dala Township […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]

Dala property prices soar due to bridge project

After the government had approved the construction of Myanmar-Korea Friendship Bridge connecting to Dala Township, property prices have risen in a blur as rumors of small-scale industries as well as housing projects in Dala runs rampant. According to property agents and Dala locals, land prices hiked up as much as tenfold. Over a month ago, […]

South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Uncertainty on the Waterfront

In recent years, downtown Yangon has become a cool place to hang out, its history written on the walls of its picturesque old buildings, its streets filled with hipster cafes and trendy boutiques. Photographers often turn this area into their sets, posing models on trishaws against the backdrop of the Yangon River at sunset. Some […]

Clean water for Dala

A project focusing on developing access to clean water has been implemented in seven locations of Dala township, located across Yangon’s river from downtown Yangon, which remains underdeveloped. The project is carried out between Yangon city development committee and the Asian Development Bank (ADB). It is expected to be completed by mid-2018, said Dr Aung […]

Real estate market still cool in Dala Tsp

Real-estate market in Dala Township is still cool despite the announcement of the Yangon- Dala bridge construction project, according to a report in the Myawady Daily yesterday. Authorities issued notice letters to apply eminent domain to residences and businesses in the path of the construction project, which will begin in October. The bridge is scheduled […]

Korean firms to be invited to build Yangon-Dala bridge

Subscribe to our tender alert mailing list A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of Construction’s permanent secretary said. U Kyaw Lin said a consulting company will be chosen this month to oversee […]

Dala real estate market stays cold

  THOUGH the new Myanmar- Korea Friendship Bridge will soon connect Dala Township with Yangon proper, the real estate market in Dala is cold, according to real estate agents who work in downtown Dala. The bridge will facilitate the transportation from Dala to Phonegyi Street in Yangon and vice versa, said U Than Htay, a […]