Yangon Region Chief Minister Phyo Min Thein has stressed the need to systematically manage the industrial zones where warehouses and vacant land plots are subject to market speculation as an industrial supervision committee has been formed with regional ministers. The establishment of the supervision committee under the leadership of the ministers comes after management […]
Cocokyun, industrial zones in Yangon’s spotlight
September 27, 2017 by
THE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]
Rental: The Key to Myanmar’s Real Estate Sector
June 5, 2017 by
With the current market situation, the purchase of completed units can be an asset for an early rental and return of investment. Rental can be one of the encouraging reasons for investors to purchase assets in real estate market in Myanmar. According to the Myanmar Real Estate Services Association, rentals in Yangon are very active […]
Bootleggers Protest for Right to Sell DVDs
October 20, 2016 by
About 50 foreign DVD bootleggers gathered in Bahan township’s Bo Sein Hman field yeste The vendors opposed the recent government announcement that rules and regulations about distributing DVDs in Myanmar will be enforced. DVDs without censor stickers on them may not be sold or distributed. Those who do can be imprisoned for three years and face a […]
YCDC eyes business district development in Yankin
September 20, 2016 by
A Yangon City Development Committee proposal to establish a business district in Yankin township has been met with mixed responses from local developers, with one firm suggesting the area is already too densely populated and would be better suited to residential development. As part of a Yangon city master plan drafted in partnership with the Japan International […]
‘Trespassers’ pushed out of homes by affordable housing project
August 2, 2016 by
They have been dubbed the trespassers. The 200 or so families who moved to Ingalaing when it was only an underdeveloped, unutilised field on the fringes of Yangon have now found themselves in the middle of a turf war. As the city expands, developers are eating up the no-longer-so-far-flung plots in Hlaing Tharyar, and attempting […]
Applications for public flats invited
February 2, 2016 by
Yangon regional government has announced people can apply for public rental apartments in South Dagon Township from Monday until February 15. An official said: “People need to get the forms at their township general administration offices. The rent will be Ks30,000 per month.” About 1,200 homes are planned with applicants picked at random if demand […]
Street-side petrol sellers cling on as station numbers increase
July 21, 2015 by
Street-side petrol sellers were a common sight before 2010, when there were relatively few official petrol stations, all run by a government monopoly. The introduction of private fuel stations brought the number of stations from 260 in 2010 to over 1000 now, reducing the need for roadside fuel vendors as it became easier for drivers […]
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