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New bridge linking Mingalar Taung Nyunt and Dawbon to open next year

A new bridge that will link Mingalar Taung Nyunt and Dawbon townships will be opened early next year, the Japan International Cooperation Agency (JICA) said. The New Tharketa bridge over Pazundaung Creek will be completed in February, JICA said in a statement. The construction of the bridge cost 3.36 billion yen (K41.88 billion). It is […]

Mall operator, Thai healthcare group launch Yangon hospital on high demand

Myanmar mall operator Ga Mone Pwint Co has teamed up with Thailand’s Thonburi Healthcare Group to start a new facility, Ar Yu International Hospital, in Yangon, where demand for high quality standards of healthcare is rising fast. The new US$70 million hospital, which will open in mid August, is the first such project in Yangon […]

Collier Property Report – Yangon Office Q1 2018

Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]

Yangon suspends property project near Mya Yeik Nyo Royal Hotel

Residents are objecting to a real estate development project earmarked for construction near the Mya Yeik Nyo Royal Hotel at Pale Street, Bahan township, as it is near Kokkine reservoir, which supplies water to nine townships in Yangon. Locals are concerned about potential damage to the reservoir and water pumping station, as well as obstruction […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

Yangon Hot Air Balloon – View from Above

A flight on Yangon’s latest tourist attraction Irarely have the opportunity to a look at Yangon from 220 feet high. Most of the time, as a pedestrian, I look up. At Shwedagon, at Traders Hotel, at Sakura Tower. But recently, for the first time, I saw my city from above. Enter Mingalarbar Balloon, one of […]

Burma Signals for Foreign Investment

NAYPYIDAW — Burma’s businesspeople are expecting foreign investments to help launch their projects after buying thousands of acres across the country to develop industrial zones and large-scale operations, according to the Myanmar Investors Development Association (MIDA). Companies presented their ventures at MIDA’s Myanmar Investment Forum 2017 in Naypyidaw on June 6-7, which attracted mostly Chinese […]

Balloon Facility Will Squeeze out Park Users, Protesters Warn

​​ Around 100 people protested against the helium balloon project planned by Myanmar Voyages International Tourism Company on 11 February, last Saturday. The helium balloon facility is expected to provide tourists with a chance to enjoy a panoramic view of the city, including Kandawgyi Lake and the Shwedagon Pagoda. The protesters, who visit Yangon’s Kandawgyi […]

Yangon MPs Call for Crackdown on Shady Foreign Business Operators

The Yangon Region parliament is considering increasing scrutiny on foreign businesspeople who operate illegally. Parliament debated a proposal from MP U Win Maung (NLD; Hlaing Tharyar 1) on October 10 that would have the government take action against foreign operators of illegal businesses. Regional Planning and Finance Minister U Myint Thaung told parliament that such businesspeople will […]

Kandawgyi Park helium balloon project garners objections

A ballooning plan to provide tourists with a bird’s-eye view of Kandawgyi Park may yet be deflated by lawmakers trying to jettison the proposal. Myanmar Voyages International Tourism Company said it has already secured permission to launch a helium balloon venture above Yangon’s Kandawgyi Lake. The chair of the company said the plan will help […]