Avoid Gambles: Yangon Chief Minister

​​ According to Yangon Region Chief Minister Phyo Min Thein, businesses should avoid high-risk investments as more major projects develop. At a meeting between Vice President Myint Swe and the Federation of Chambers of Commerce and Industry (UMFCCI), Phyo Min Thei claimed that a deep water port project, a special economic zone and a new city development plan would soon be unveiled. He cautioned against businesses building […]

High-rise car parking and hotels to be built on Myanma Railway land

HIGH-rise car parking and hotel projects in Yangon will be implemented on the land belonging to Myanma Railway, it has been learned. Due to a scarcity of available land in Yangon City, a number of development projects will be conducted on the grounds of the Kyimyindine and Pazundaung railway stations which are owned by Myanma […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]