No green light for Yangon New City Project

Yangon Region Minister for Forestry and Energy Kyaw Soe yesterday denied a rumour that the regional government granted a permit for the Yangon New City Project to Myanmar Saytanar Myothit Public Company. “We have not given the green light to any company. It is under scrutiny. The rumour is untrue,” he said. Many areas in […]

Yangon ‘new cities’ passed on to NLD

Yangon authorities have tried to launch a city expansion project, in various guises, for the past two years, but have met widespread opposition and made little progress. The latest plan, to build seven satellite towns, was made public in July. It was announced shortly after a multi-billion-dollar contract – awarded in 2014 to Chinese investors to […]

Yangon New City forgotten by most but residents still hopeful

The area of the once and possibly future Yangon New City project has been irrevocably changed following its announcement by Yangon mayor U Hla Myint last September 22. His surprise statement in regional parliament that Yangon would build a multi-billion dollar expansion on 30,000 acres across the Hlaing River from the main city initially set […]

Prices plummet after new city plans halted

Market prices have collapsed west of Yangon after region officials shelved controversial plans for a massive city expansion in the area. “There are no more buyers,” said U Hla Chit, a broker who had chased opportunity to the area. “The market has totally stopped and farmers are quiet about selling the land, and local brokers […]

New city project suspended indefinitely, says Yangon mayor

A controversial US$8 billion project to build a new city on Yangon’s western outskirts has been indefinitely suspended by the Yangon region government. The decision to suspend the project was announced in the Yangon regional hluttaw from Yangon Mayor U Hla Myint on September 26. Asked how long the project had been suspended, U Hla […]

MPs lead charge as critics slam city plan

White elephant, visionary development or dodgy business deal? The Yangon Region government’s proposal for a massive city expansion project with a mysterious public company linked to Chinese interests has sparked intense debate, with pressure growing on the authorities to disclose further details of their plan. The expansion project covers 30,000 acres to the west of […]