The project started in 2014, and will be ready for completion in December next year. Currently, the project’s exterior has been finished, with decoration works being carried out throughout the building, Aung Naing Soe said. “This building can withstand an 8.5-level earthquake, so it should be one of the most resilient buildings in Yangon,” he […]
Yangon Government not Budging on Water Festival’s Stage Ban for commercial pandal
February 28, 2017 by
Despite criticism over the ban on commercial pandals, or stages, at the annual water festival last year, the Yangon Region government will not reconsider its decree for the upcoming Myanmar New Year festival, held annually in mid-April. Yangon Mayor U Maung Maung Soe told The Myanmar Times yesterday that the Chief Minister will not […]
Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar
August 3, 2016 by
The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township. Hoang Anh Gia Lai (HAGL) Group is one of the leading real estate companies in Vietnam that focuses on the development of residential and commercial real estate in many principal economic […]
Yangon Starts to Control Property Prices, but Rent Is Another Story
January 14, 2014 by
YANGON — Realtors say a new tax measure has successful cooled an overheated property market in Myanmar’s biggest city, with sale prices stagnating for high-end properties, but that rental fees have continued to soar. In October, the Yangon divisional government applied fixed values for properties to determine the amount owed in property taxes. Last month, […]
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