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 […]
Bridging the gap: Yangon’s boom falls short across river
September 24, 2019 by
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
January 8, 2019 by
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, […]
Real estate market still cool in Dala Tsp
September 6, 2017 by
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
August 17, 2016 by
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
March 1, 2016 by
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 […]
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