Property contractors are under pressure from rising costs of building materials as a result of the higher dollar-to-kyat exchange rate. Building machinery and materials such as steel bars, which are imported from overseas, have become dearer to local developers and contractors on the back of the appreciating dollar, which yesterday hit a new high of […]
MCEA to Start Affordable Housing Construction
June 21, 2017 by
The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association official from the organisation said. “The government and the MCEA will start constructing affordable housings – namely public housings and rental housings – within this year. “The government will […]
Resuming high-rise projects face hurdles
September 22, 2016 by
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 […]
Yangon zoning plan to be made public this year: official
August 9, 2016 by
Yangon may finally be getting its long-awaited zoning plan, officials say. A draft drawn up by the city’s development committee will be opened for public comment before being adopted as law by the regional parliament, a Yangon City Development Committee spokesperson said. The zoning and land use law will be submitted to parliament after a […]
Yangon’s battle against unlicensed contractors
June 10, 2016 by
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 […]
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