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Construction booms but clouds gather

The apparent boom in Yangon construction conceals increasing complexity, as stricter regulation combines with aggressive speculative practices to create a difficult environment for contractors and would-be homeowners alike, industry sources say. Unquestionably, the number of apartments has grown considerably in the past two years. But U Nay Win, deputy director of the Department of Engineering […]

Ignore contracts for construction at your peril

U Mg Mg’s problem is too common to many of Yangon’s would-be condominium unit owners. He signed a contract a couple years ago to purchase a unit in a building in Mingalar Taung Nyunt township where construction shows no signs of beginning. It has been two years since he inked the contract with the developer […]