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 […]

Yangon zoning plan to be made public this year: official

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 […]

Foreign companies to be invited to build Yangon low-cost housing

Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]

Workers paid in food as Yangon construction ban continues

Building professionals, including expatriates, are at risk of dismissal within weeks as major construction sites have been shuttered by a continuing review, developers say, while workers are being paid in food and related industries are starting to feel the pinch. The freeze on large-scale construction, ordered by the regional government, has forced a widespread shutdown throughout […]

Yangon’s battle against unlicensed contractors

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 […]

Condo buyers struggle with hire-purchase payment

Developers of residential projects in Yangon have found themselves with less cash than expected, as buyers fail to stick to the terms of hire-purchase plans and do not make regular payments. An underdeveloped banking system means real estate developers tend to fund their projects through off-plan sales. Myanmar has no mortgage system and as some buyers cannot […]

Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay. Prospective investors have made a number of proposals for the site at the corner of Waizayanda and Thanthumar Roads in Yangon’s Thingangyun township, including for […]

Yangon needs 75,000 new apartments each year

Yangon will need around 75,000 new apartments to be built each year to accommodate the city’s growing population, but contractors are struggling to come anywhere close to this target. More than 330,000 people migrate to Yangon each year from elsewhere in the country, but formidable challenges remain to building enough accommodation to keep up with […]

Commission updating Mandalay electoral rolls

Voter registration is now proceeding in four of the seven electoral districts in Mandalay Region, says electoral officer U Kyaw Kyaw Soe of the Mandalay Region Election Commission. Lists are being compiled in Mandalay, Kyaukse, Pyin Oo Lwin and Myingyan districts and would start later in Nyaung Oo, Yamethin and Meiktila, he said. Registration was […]