Yangon Low-Cost Apartments to Be Sold Next Month

Apartments in five low-cost housing projects will be sold based on a drawing-lots system at the Office of Urban and Housing Development Department on September 2, U Nway Hmu, deputy director of the housing development division under the Urban and Housing Development Department, told The Myanmar Times on August 28. 991 apartments from housing projects located in Dagon Seikan […]

Construction and Real Estate Sectors Pin 2017 Hopes on New Legislation

​​ The construction sector will be glad to see the back of 2016 – a year in which a political transition, a high-rise review and a volatile currency conspired to leave many developers battered and bitter. But there were also signs of a fragile recovery in the real estate market, and new laws set to […]

More effort needed to tackle idle industrial land

A month after the first site visits to inspect idle industrial plots in Yangon, officials are warning there will be no progress in freeing up unused land without a special committee that has the power and resolve to revoke the leases of absentee owners. Yangon Region government announced in late May that it was turning […]

Background check for Yangon low-cost housing lottery winners

            Lucky winners in a lottery for renting low-cost apartments in Yangon will have to undergo a background check before they are allowed to move in, officials said. More than 35,000 people applied for 1152 units in the Mahabandoola project, Yangon’s newest public housing development in South Dagon township. To […]