Yangon developers asked to provide own power

Developers in Yangon will have to install transformers to power new buildings that use more than 30 kilowatts of electricity, according to Yangon’s electricity supplier, which is hoping the measure will help reduce frequent blackouts across the city. In an August 12 announcement Yangon Electricity Supply Corporation said all developers applying for a Building Completion […]

Developers face penalties amid construction ban

As a city-wide suspension on high-rise projects continues, developers in Yangon say they will have to pay penalty fees to buyers for failing to complete their projects on time and may be forced to default on their bank loans. Last month Yangon Region government ordered a construction freeze on all projects with nine floors or more, while […]