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How NYDC Develops New Yangon City Sustainably

NYDC CEO’s Blog: How NYDC Develops New Yangon City Sustainably Dear Friends, For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) – Environmental Conservation Department (ECD) since mid-2018. During […]

NYDC: Addressing Key Public Concerns on New Yangon City

CEO’s Weekly Blog – 18 March 2019 Addressing Key Public Concerns on New Yangon City Dear Friends, We had the second Townhall Meeting on 6 March 2019. Some of you may have attended in person, some may have watched it on our NYDC Facebook Live Stream. It was a robust discussion and I am glad […]

New Yangon City Chief Grilled Over Chinese Contractor’s Reputation

The CEO of the company developing the controversial New City project on the west bank of the Yangon River has defended the involvement of a Chinese firm with an international reputation for engaging in bribery and corruption. The Yangon government-backed New Yangon Development Company (NYDC) last year signed a US$1.5-billion (about 2.3 trillion kyats) framework […]

YCDC: Clarification of Three Key Misconceptions of New Yangon City Project

CEO’s Weekly Blog – 26 February 2019 A Closer Look at the Facts of the Project Dear Friends, Since the final Master Plan presentation at the YCDC City Hall on 15 February 2019, several articles and editorials have appeared in the local press and social media. While many of them supported the project and applauded […]

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 […]