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Glamping arrives in Mergui Archipelago

It’s a case of ‘take only photos and memories, leave only footprints’ at the newest five-star resort in the remote Mergui Archipelago, off the coast of southern Myanmar and Thailand. With its opening listed as among the most highly anticipated by luxury lifestyle Robb Report and Luxury Travel magazine, Awei Pila (aweipila.com) received its first […]

NYDC invites Expression of Interest for list of Infrastructure Projects. Closing Date 28 Feb 2019

  New Yangon Development Co., Ltd. (NYDC) is inviting interested companies to begin the first step of the NYDC Challenge for the below infrastructure projects for development of the New Yangon City Phase 1. Power Supply and Distribution Public Transport System Cyber Connectivity Infrastructure Municipal Waste Disposal Natural Gas Supply and Distribution Convention Center The […]

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]

Yoma Land targets middle-income buyers with new property project in Yangon

Yoma Land this month introduced a new real estate project targeted at middle-income earners. The firm, an umbrella branch of Yoma Strategic and First Myanmar Investment Company, on December 21 launched City Loft, a new property project targeting young working professionals. The property will be developed in phases at a 22-acre site within Yoma’s Star […]

NYDC CEO Blog: New Yangon City Project receives Positive Reception from Investors

Dear Friends, I am encouraged by a couple of events that occurred recently. Firstly, the Vice Chairman of the National Development and Reform Commission of China (NDRC), Mr. Ning Jizhe, paid an official visit to Myanmar late last month. During his formal courtesy call to the Yangon Chief Minister, Mr. Ning reiterated China’s support for […]

Memories bets on tourist boom in Myanmar

ONE of Myanmar’s most well-known tycoons, and dubbed “Mr Clean” for his business dealings, Serge Pun finds magic in creating something from nothing. “I love the challenge of building something from scratch, like taking a barren tract of land, and sculpting it into a sprawling golf course or a beautiful residential estate,” said the executive […]

Hong Kong Firm Close to Finalizing New Yangon City Proposal

Hong Kong-listed China Communications Construction Co. Ltd (CCCC) has nearly finalized its proposal for the development of US$1.5 billion (2.4 trillion kyats) worth of initial infrastructure for the controversial “New Yangon City” project across the Yangon River from Myanmar’s commercial capital, according to a government body established to oversee the project. New Yangon Development Company […]

NYDC – Stay Tuned to the details of the Pre-Project Documents

The past weeks have been hectic as we approach the final stage of negotiations with China Communications Construction Company Ltd., (CCCC) for the preparation of the Pre-Project Documents (PPD). These documents will pave the way for the first stage of the NYDC Challenge. The details of the PPD would be announced soon and it includes […]

Yangon Gov’t Abused Its Power by Investing in Controversial New City Project: Lawmaker

The Yangon Regional government was accused of abusing its power by investing 10 billion kyats ($6.5 million) in a controversial new city project on the western bank of the Yangon River without the parliament’s prior approval. In March, the Yangon government launched New Yangon Development Company (NYDC) which is to be the developer of the […]

NYDC – Creating an Efficient and Accessible System of Public Transportation

CEO’s Weekly Blog – 8 October 2018 Creating an Efficient and Accessible System of Public Transportation There has been a lot of press reports and comments on social media questioning the validity of NYDC. Some have questioned whether NYDC is a properly approved entity, whether budget has been approved, or if funds are used appropriately. […]