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, […]

Police Crackdown on Counterfeit Smartphones

After successfully conducting the largest counterfeit smartphone bust in Yan­gon history, Myanmar Police Force are joining forces with Huawei De­vice Myanmar to elimi­nate the distribution of fake smartphones. Following an anony­mous source, police de­scended on Yuzana Plaza and Mingalar market on August 3 to root out and arrest fake phone dealers. When the dust set­tled […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

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 […]

Burma Signals for Foreign Investment

NAYPYIDAW — Burma’s businesspeople are expecting foreign investments to help launch their projects after buying thousands of acres across the country to develop industrial zones and large-scale operations, according to the Myanmar Investors Development Association (MIDA). Companies presented their ventures at MIDA’s Myanmar Investment Forum 2017 in Naypyidaw on June 6-7, which attracted mostly Chinese […]

Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Rangoon Govt Orders Safety Modifications to High-Rise Buildings Under Construction

RANGOON — Despite complaints from developers, a review committee for the construction of high-rise buildings has ordered safety modifications to 12 structures, stating that failure to follow Rangoon’s updated urban planning standards could cause harm to the city and its residents. This week the Rangoon divisional government ordered the developers of the buildings to reduce […]

Two river pump projects to supply clean water to Yangon

To satisfy increasing demand for water in Yangon, the Yangon City Development Committee is planning to implement water-pumping projects in the Kukkowa River and Toe River this fiscal year. The two projects will have the capacity to distribute 100 million gallons of water daily. The Kukkowa project will supply 60 million gallons daily to Hlaingthaya, […]

YCDC to build sewage treatment plants across Yangon

THE Yangon City Development Committee will build sewage treatment plants throughout the commercial city in cooperation with the Japan International Cooperation Agency (JICA). Daw Khin Aye Myint of YCDC said: “The current sewage treatment system in Yangon is no longer able to treat sewage water. We will build sewage treatment plants near Yangon River, Bago […]

Kokkine junction flyover opens

The Kokkine junction flyover, which was built simultaneously with the Tamwe and 8-Mile junction flyovers, opened to public on 31 January. The bridge, whose construction cost Ks 13.93 billion, was completed two months ahead of schedule. Capital Construction, the company that was awarded the rights to build the bridge through a tender process, reported that […]