YCDC postpones land auction indefinitely

The Yangon City Development Committee (YCDC) has postponed its land auction to a future unspecified date after facing a widespread opposition, reports say. The committee put up 74 plots in North Oakkalapa, Thingangyun, South Dagon Myothit, North Dagon Myothit, Dagon Myothit Seikkan, Thaketa, Yankin, Dawbon and Shwepyitha for auction in August. The plan, however, received […]

Who will benefit from Condominium Law?

Daw Min Min Soe only realised there was a problem with her apartment when officials from the bank arrived at her building and put up a notice reading, “If the owner fails to repay the loan and interest we will seize the apartments. he owner of the land in Pazundaung township had developed the eight-storey, […]

YCDC officials deflect permit delay claims

The Yangon City Development Committee’s (YCDC) building department hit back at claims that it delays issuing permits and does so improperly, during an October 29 press conference. U Maung Maung Zaw, the department’s head, said nearly 50 percent more permits have been issued in 2013 than in 2012. ‘’In the 2012-13 year we issued 2024 […]