Upgrade Underway to Improve Power in Yangon

The government is upgrading electricity generation, transmission and distribution in Yangon Region, Daw Nilar Kyaw, minister of Electricity, Industry, Transport and Communication, told a news conference to mark the first anniversary of the government. She said that during fiscal 2016-17, the Yangon Electricity Supply Corporation (YESC) installed new cables in a pilot project in Hlaing, Dala, Tarmwe and Hlaing […]

Balloon Facility Will Squeeze out Park Users, Protesters Warn

​​ Around 100 people protested against the helium balloon project planned by Myanmar Voyages International Tourism Company on 11 February, last Saturday. The helium balloon facility is expected to provide tourists with a chance to enjoy a panoramic view of the city, including Kandawgyi Lake and the Shwedagon Pagoda. The protesters, who visit Yangon’s Kandawgyi […]

Yangon Land Price List

Yangon land price on a per square foot basis by township as used by the Myanmar Inland Revenue Dept for the purpose of calculating property tax applicable. Sr Township Road/Street Name 1 sqft Rate (Kyats) 1. Lanmadaw Mahabandoola Road Ahnawrahta Road, Strand Road, Merchant Road, Bogyoke Road. 240,000.00 Lanmadaw Lanmadaw St, Kaingdann St, Shwe Taung […]

Myanmar retail rental rising

The rising price of rent for Yangon’s street-level shops is being driven by an influx of potential tenants, with some locations demanding six-fold increases from two years ago, store owners say. They said that rapidly rising rental costs are eating into their profits, but constant demand for prime locations is expected to keep commercial rents […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]