By-Laws Necessary for Condo Market to Pick up Steam

​​ To improve the lacklustre selling market for condominiums, officials need to enact condominium by-laws soon, said developers such as U Kyaw Kyaw Naing, managing director of iGreen Construction Company Limited. Although the Condominium Law was enacted during the last week of January 2016, by-laws have not come into effect until recently. The condo-selling market […]

Developer Plans Lawsuit After YCDC Changes Design Plans

A Yangon high-rise developer says he is planning to sue Yangon City Development Committee for K50 billion (US$39.9 million) in compensation after YCDC instructed him to reduce the number of floors on a residential project. U Kyaw Kyaw Naing said he was informed by YCDC’s high-rise inspection committee (HIC) on October 6 that designs for […]

Resuming high-rise projects face hurdles

High-rise building developers given the green light to resume construction after a ban imposed by the Yangon Region government in May say the unplanned disruption to their projects has led to significant financial and reputational losses. The freeze on high-rise construction began with an announcement on May 14, which Yangon City Development Committee – an administrative body […]

YCDC tells construction firms to change designs if they want permits approved

Nearly one third of Yangon’s high-rise building projects given in-principle construction permission under the previous government have been told to go back to the drawing board and make design changes despite already breaking ground on their developments, Yangon City Development Committee said last week. In May, YCDC put a halt to all high-rise construction as part of […]

Official defends Yangon high-rise review as more results due

A member of the Yangon high-rise inspection committee charged with a city-wide review of high-rise projects has defended the controversial inspections, saying they are a “one off”, as developers brace for the second batch of results to be released tomorrow. Following a two-month blanket suspension on construction at all projects with nine floors or more, the committee released […]

Review orders dramatic changes to Yangon high-rises

Yangon authorities have told 12 developers to drastically change their project designs, in the first round of feedback following a drawn-out review of high-rises across the city, according to documents released yesterday, seen by The Myanmar Times. Developers have responded with anger and frustration, accusing the local government of lacking transparency because its assessment criteria were not made […]