Ex-MP warns of possible corruption in Yangon development projects

It is crucial that land development projects carried out by the Yangon City Development Committee go ahead only after rigorous verifications regarding tax evasions and money laundering, said former MP Dr Nyo Nyo Thin. She said current MPs lacks a full understanding of legal and regulatory processes that city development projects require. “It must all […]

MOU opens doors to Myanmar for more Singapore firms

SINGAPORE — Homegrown transport and logistics firm Bok Seng Group signed an agreement with Myanmar’s Ayeyar Hinthar Group earlier this year to develop a one-stop logistics hub in the Pathein Industrial City — the region’s first large-scale industrial park. Bok Seng is one of the growing number of Singapore businesses seeking to expand into the […]

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 […]