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, […]

First winner coming in New City tender

Yangon Region is set to announce the winning developer for one of the seven proposed new city projects on September 22. The Southwestern New City is at the same site that was at the centre of the controversial New City proposal a year ago, when it was revealed in a surprise announcement in regional parliament […]

Sales in Yangon’s East North New City are ‘dreary’ say realtors

Yangon Mayor U Hla Myint told the regional parliament last June that the East North New City had been awarded first priority among the seven new city projects devised by the Strategic Urban Development Plan for Greater Yangon 2040. He stressed the importance of its location between the future Hantharwaddy Airport and Thilawa Port and […]

Underground water demand could weaken buildings

Buildings in Yangon may be threatened as high-rise developments draw an unprecedented volume of water from beneath the city, prompting authorities to consider alternative ways to meet increased demand. Yangon City Development Committee can supply around 135 million gallons of water to the city daily. However, Yangon residents consume almost double this – over 200 […]

Myanmar’s regional parliament okays controversial new town project

Myanmar’s regional parliament okays controversial new town project YANGON, June 16 (Xinhua) — Myanmar’s Yangon region parliament has approved a controversial new Yangon town expansion project in the southwest after a review, and the relevant authorities will invite tenders for the development, an official report said Tuesday. The new Yangon town project will be established […]