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Myanmar construction sector requests policy relief over cash

Construction businesses are calling for an easing of regulations and tax reductions over financial assistance to help them keep afloat in the wake of COVID-19. During a recent meeting between the construction sector and State Counsellor Daw Aung San Suu Kyi, U Shein Win, president of the Myanmar Construction Entrepreneurs Association (MCEA), said there are […]

Condo registrations to be accepted in early 2020

The Condominium Management Committee has been fine-tuning the registration process under the Condominium Law, and will accept registrations in early 2020, said U Myo Myint, general secretary of the Myanmar Construction Entrepreneurs Association (MCEA). “We are negotiating for sales with foreigners and investors. There are some issues in the law. After negotiations, the registrations can […]

Sale of condo apartments can earn more dollars: MCEA President

The country can earn more dollars swiftly by selling condominium apartments according to the Condominium Law at a time when there is a scarcity of dollars in the country, said Shein Win, President of Myanmar Construction Entrepreneurs Association (MCEA) at a talk on the Condominium Law, at Pan Pacific Hotel in Yangon on August 26. […]

Construction sector under threat from high tax, interest rates

Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in […]

Japan supports low-cost housing experiment

The Japan-Myanmar Association for Industry of Housing and Urban Development (UMHU) and Myanmar Construction Entrepreneurs Association (MCEA) signed a memorandum of understanding (MoU) on December 4 to run a trial on a low-cost housing project. “The trial process will be done with the money donated from Japan. Two buildings will be built in different types,” […]

MCEA to Start Affordable Housing Construction

The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association official from the organisation said. “The government and the MCEA will start constructing affordable housings – namely public housings and rental housings – within this year. “The government will […]

Will Government Meet Target on Low-Cost Housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]

Rangoon Lawmakers Ask That City Expansion Project be Separated from Planning Bill

​​ RANGOON – Outspoken lawmakers urged the Rangoon regional government on Thursday not to continue city expansion without what they referred to as a “proper” business plan. In a debate session on the regional planning bill for 2017-2018, legislators asked that the expansion project, which was submitted as part of the bill, be re-submitted to […]

JMHU Offers $20 Million in Capital to Implement Low-Cost Housing Projects

​​ Japan-Myanmar Association for Industry of Housing and Urban Development (JMHU) has offered to provide US $20 million to Myanmar to implement low-cost housing projects, according to a press release issued by the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).  A local public company, Myanmar Construction and Development, […]

Affordable Housing Still Unattainable for Many

​​ RANGOON — In an effort to build low cost and affordable housing across Burma, the Myanmar Construction Entrepreneurs Association (MCEA) and Singapore-based consultancy Surbana Jurong signed a memorandum of understanding (MOU) at Sule Shangri-La Hotel on Friday morning. Government-owned Surbana Jurong has played a role in urban development and public housing in Singapore. The […]