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 […]

Multi-Billion Dollar Rangoon Southwest Expansion Set to Begin

​​ RANGOON — The Rangoon divisional government will begin implementation of a controversial expansion plan in the southwest region of the commercial capital at the end of February, according to Rangoon Chief Minister U Phyo Min Thein. The chief minister made the announcement on Saturday during a meeting with Vice President U Myint Swe and […]

Tax Cut Planned For Low-Cost Housing Purchases

​​ The government is planning to drastically reduce the taxes it levies when people purchase state-commissioned low-cost housing, which developers say puts many units out of reach for ordinary buyers. Union Planning and Finance Minister U Kyaw Win, in a speech to developers and business leaders last week, said that the only taxes levied on […]

Construction and Real Estate Sectors Pin 2017 Hopes on New Legislation

​​ The construction sector will be glad to see the back of 2016 – a year in which a political transition, a high-rise review and a volatile currency conspired to leave many developers battered and bitter. But there were also signs of a fragile recovery in the real estate market, and new laws set to […]

Public Company to Build Government Housing Project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon. Chair of Myanmar Construction and Development U Thar Htay confirmed to The Myanmar Times that his company had entered into a partnership with the Ministry of Construction’s Department of Urban Housing and Development (DUHD). U Thar Htay is also the […]

Resuming high-rise projects face hurdles

High-rise building developers given the green light to resume construction after a ban imposed by the Yangon Region government in May say the unplanned disruption to their projects has led to significant financial and reputational losses. The freeze on high-rise construction began with an announcement on May 14, which Yangon City Development Committee – an administrative body […]

YCDC drafts new rules for building permits

Yangon City Development Committee has finished amending its building permit regulations, its secretary said yesterday, after completing a divisive review of high-rise projects across the city that saw rule-breaking developers told to amend their designs. The new regulations have already been shared with industry association and will be made public once they have been approved by the Yangon […]