Government to sell affordable housing via balloting system

The government will sell a number of low-cost apartments via a lucky-draw system, rather than a physical auction, to avoid large gatherings amid the COVID-19 pandemic. “The list of eligible buyers has already been announced, and the next step will be to draw the names of applicants from a draw. We will invite MPs and […]

SCG to include in Yangon Amata Smart and Eco City project

SCG Cement and Construction Company will join hands to develop US$1 billion worth Yangon Amata Smart and Eco City project, announced the Amata Corporation. Surachai Pornjindachote, Country Director of SCG Cement and Construction and Yasuo Tsutsui, MD of Yangon Amata Smart and Eco City signed the joint-venture agreement on January 24 at Kempinski Hotel in […]

Myanmar tackles housing for poor

Though Myanmar’s real estate sector last year faced many challenges, the government is planning to meet the housing needs of low-income people by working with development partners and private companies, according to speakers at the Myanmar Infrastructure Summit 2018 held March 20 to 22. Win Naing, deputy director at the Department of Urban and Housing […]

EOI for Construction of New Mandalay Resort City (Yadanarpon Cyber City), Pwin Oo Lwin. Closing Date 31 Mar 2018

  If your company has Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender (at) consult-myanmar.com for our consideration.   The Republic of the Union of Myanmar New Mandalay Resort City Implementation Management Committee […]

New Condominium Rules allow more flexibility for foreigners

Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year. The rules, which were signed by the Union Minister for Construction on December […]

Korea-Backed Industrial Zone to Locate in Northern Yangon

South Korea and Myanmar have reached an agreement to establish an industrial zone in northern Yangon, and constructions will begin in early 2018, Daw Moe Thida, assistant director of the Department of Urban and Housing Development (DUHD), told The Myanmar Times on June 21. At Nyaung Na Pin township, the industrial complex project will have an estimated area of 570 acres. South Korea state-owned corporation, Korea Land & […]

Affordable Housing Projects Affected as Funds Dry Up

​​ In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar Times on December 6 that the government lacked the funds to […]

More Than 2000 Low-Cost Units to Go on Sale

More than 2000 low-cost apartments will go on the market next month as a wave of government construction projects nears completion, officials have announced. The Department of Urban and Housing Development said the three projects, in two Yangon townships, were being made ready for sale. “Sales of the 2208 apartments will begin in November,” said […]

Foreign companies to be invited to build Yangon low-cost housing

Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]