Rental market in South Okkalapa Township booming

The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents. Compared to other townships, South Okkalapa has fewer residences and is typically an orderly and quiet township. As such, many people are now moving here, said U Yan Aung, […]

Yangon Floods, Rain Insurance a New Probably Market

Citizens had to wade in as torrential downpour transforms their beloved streets and pavements into brown and yellowish canals of overflowing sewage water. Needless to say, winding chains of traffic jams could be seen snaking throughout the city in various places that were prone to flooding such as Tamwe and Sanchaung Townships. Despite constant attempts […]

Manila Water seeks bigger projects in Yangon, Bandung

Manila Water Company, a member of the Ayala Group of companies, is planning to submit scaled-up proposals in the third quarter of 2017 for prospective water concessions in Myanmar and Indonesia following the success of its pilot projects. In a press briefing after the firm’s annual stockholders’ meeting, MWC Chief Operating Officer for New Business […]

FDA to Clean Up the Drinking Water Industry

The Food and Drug Administration is once again taking aim at toxic drinking water, attempting to stop bacteria-laden and unregistered bottles from proliferating in the markets. Last week, the FDA took action against six unregistered and unlicensed water producing factories in Yangon. The six unregistered companies were based in Hlaing, East Dagon, South Okkalapa, Mayangone, […]

Hlegu Lures Speculators

​​ Speculators with their eyes on Hlegu township are turning the area into a property price hotspot, according to real estate agents. The property market in Yangon has been notoriously sluggish in recent years, but speculators are making an exception of Helgu, said Daw Thuzar May, director of Thit Sar property real estate agent. Real estate agents […]

Yangon’s battle against unlicensed contractors

With more and more unlicensed contractors cooperating with landlords to build illegally in Yangon, local administrators say they are struggling to find ways to stop the unregulated boom in low-quality apartments. Yangon City Development Committee has been fighting a losing battle against illegal construction for several years, while new contractors continue to open unlicensed businesses, said U […]

Yangon water supplies to outlast hot season, says YCDC

Yangon has nothing to fear from El Niño, city officials say, despite warnings that the weather phenomenon will bring drought to many parts of the country. Thanks to advance planning, the reservoirs that supply the city’s drinking water are 15 centimetres (6 inches) higher than they were this time last year, they say. U Myo […]

Yangon construction projects go unfinished

According to the Yangon City Development Committee (YCDC), an average of 500 buildings are permitted for construction every month in the city. However, the committee has no data on whether all of the permitted buildings end up being built. In 2015, the property market in Yangon slumped significantly compared to previous years. As a result, […]

Ministry suspends controversial Yangon tender

The Ministry of Information has stopped selling application forms for a controversial tender, following a motion in parliament to suspend the tender process. No further tender application forms will be distributed in the case of the 90-acre Yegu transmitter site in Mayangone township, Yangon, at the corner of Waizayandar and Gandamar roads, an official from […]

Epic state auction hushes market

The big sell-off has finally arrived. The Privatisation Commission, charged with auctioning state-owned enterprises, on February 13 released a list of 268 sites that will be sold off nationwide, with a final bid submission date of February 24. There are 157 properties in Yangon up for grabs, including many in Bahan, Yankin, Insein, Hlaing, Mayangone, […]