fbpx

Colliers Myanmar Mandalay Property Market Review 2018 and Outlook 2019

Summary & Recommendations Mandalay City continues to be a promising investment destination with big-ticket infrastructure and property projects being set in place. Township developments such as the Mandalay Resort City (NMRC), and Ye Dagun Taung mixed-use development, among others, are just some of these projects that will continually shape the city’s growing property landscape. Also, […]

K90-billion devt project to rise in Mandalay city

A K90 billion (US$59.16 million) mixed-use development project will soon rise in Chan Mya Tharzi township in Mandalay city, said U Zarni Aung, regional minister for Electric, Energy and Construction. The project will consist of commercial and residential areas and will include centres for education, innovation and community. The plan has already beensubmitted to th […]

Mandalay city to seize low-cost apartments flipped by owners

The Mandalay City Development Authority will seize apartments that have been resold and re-rented in low-cost housing buildings for squatters, a senior city official has said. U Kyaw San Myint, a member of the authority, said his office is compiling a list of people occupying the buildings on Strand Road west of Mandalay city. City […]

Mandalay to rethink wheel tax collection

The Mandalay City Development Committee (MCDC) has announced it will rework the collection of tolls and the wheel tax on vehicles without opening a new tender for the last six months of the 2018-2019 fiscal year. Tolls are one of MCDC’s most lucrative sources of income. Revenue from toll gate collection exceeds K15 billion (US$10.95 […]

Mandalay public works trucks to be fitted with GPS tracking

TenderS have been invited for a GPS system to be installed on garbage and sewage trucks in Mandalay city, according to the city development committee. “We provided 50 new vehicles including silt trucks and garbage trucks to the Sanitation Department, and the Road, Bridges and Building Department in the 2017-2018 fiscal year. “We have tested […]

Real Estate Sector to Pick up on Back of Foreign Demand

Demand in the Myanmar real estate market is expected to pick up in 2018 now that the rules to the new Condominium Law have been released. Under the new rules, property investments by foreigners are expected to spike, said U Aung Naing Oo, secretary of the Myanmar Investment Commission. The rules, which were released in […]

Grab Bike to Launch in Mandalay City in 2018

Singapore’s ride –hailing mobile app, Grab, will launch its Grab Bike motorcycle taxi service across Mandalay city at the start of 2018. “We will [strive to] provide security for those who use this service,” said Mr. Amrt Sagar, country manager of Grab Myanmar. Around 70 Grab Bike motorcyclists have given the service a trial run […]

Mandalay city says firms cause delay of convention centre

Mayor Dr Ye Lwin has blamed the poor design and quality in the construction of the Mandalay Convention Centre (MCC), according to a post on his Facebook page last week. The mayor, who is also the minister for municipal affairs of the regional government visited the construction site located between 71st street and 72nd street […]

Mandalay to enforce new licence system on landlords

Would-be landlords in Mandalay city will have to apply for a licence starting next April as city authorities enforce a long-ignored by-law. Section 76 of MCDC Law states that operating a boarding house, guesthouse or renting out apartments requires a business licence. From the start of the coming fiscal year, MCDC officials will enforce this to […]

Entry of cars with Chinese number plates was approved by border authorities

Local authorities said the entry of vehicles with Chinese number plates, flags and stickers into Mandalay city was allowed by the Border Road Transport Administration. An official from the No 11 Traffic Police Force said the cars were seen in the city on February 21 and 22 after arriving on a study visit in the […]