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Yangon’s “new city” authority to publicise project documents in bid to improve transparency

The authority responsible for Yangon’s new city development has vowed to release the project documents of selected tenders for public scrutiny, and allow third parties to challenge the awarded party. On May 2, the government-owned New Yangon Development Company Limited (NYDC) announced that the NYDC signed a framework agreement with China Communications Construction Company (CCCC), […]

Yangon works with China to lay down development plan for new city project

New Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon Regional Government, while CCCC is one of the largest […]

Investor interest in New Yangon City project rises, more FDI expected

Since its launch in early April, investor interest in the New Yangon City project from China, South Korea and ASEAN has been on the rise, Yangon Chief Minister U Phyo Min Thein said during a press conference at the 2018 Yangon Investment Forum on April 20. The Yangon Region Government is now courting foreign direct […]

Yangon’s new city vastly ambitious but govt’s role called into question

YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has gone as far as comparing the project’s ambition with the urban development of China’s Shenzhen, a business leader has called into question why the government […]

Yangon suspends property project near Mya Yeik Nyo Royal Hotel

Residents are objecting to a real estate development project earmarked for construction near the Mya Yeik Nyo Royal Hotel at Pale Street, Bahan township, as it is near Kokkine reservoir, which supplies water to nine townships in Yangon. Locals are concerned about potential damage to the reservoir and water pumping station, as well as obstruction […]

Drones Banned in Yangon Townships Due to Airport Hazard

For the safety of flights landing at Yangon International Airport, Yangon Region General Administration Department has issued an order dated November 28, banning drones and other unmanned aircraft (UA) in 16 townships in Yangon. An official of the Yangon Region GAD said the covered townships are North Okkalapa, North Dagon and East Dagon in the […]

Yangon to Commence Southwest New City in April

Yangon Southwest New City will be implemented by a joint venture agreement between the Yangon Region government and local construction developers, and the government expects the implementation process to start on April 1, 2017. The new city project was discussed by lawmakers at the Yangon regional parliament session last week and the regional government submitted to […]

Mayor: ‘New City’ Going Forward, Imperative For Yangon’s Future

The Yangon Region government is pressing ahead with plans in the commercial capital townships of Twante, Seikgyi Khanaungto and Kyeemyindaing for the “new city” development, in line with a broader master plan it has for Myanmar’s biggest city, Mayor U Maung Maung Soe told the regional parliament last week. U Maung Maung Soe said the […]

Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]