Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]

Residents demand pay for new Yangon bridge

Sampan operators and homeowners who have been asked to make way for a new bridge that will link downtown Yangon to a huge new development to the southwest of the city are demanding hundreds of millions of kyat in compensation. The groundbreaking ceremony for the controversial Southwest New City is scheduled for March 27, with construction to follow as fast […]

Fresh opposition for relaunched ‘new city’

A controversial Yangon expansion plan is again being picked apart in parliament for a lack of transparency over who will build it. The government invited tenders in July for what was proposed as one of seven satellite cities in a temporarily suspended plan that was revamped and approved in June. More than 50 companies signalled […]

Developers pile in to tender for Southwest New City

In a sign of renewed confidence in a controversial project, more than 50 companies have signalled their interest in developing Southwest New City. Regional government officials say all have bought tender forms in preparation for bidding to take part. Yangon regional government invited tenders last month for the 11,716-acre site, bordered by the Pan Hlaing […]