Government guarantees needed for large investments in real estate sector

Government guarantees on investments and policies are required before Yangon and the rest of the country can secure the capital needed to develop large-scale megacity projects, real estate experts said. Although foreign investors have mostly been keen to invest in the attractive Yangon real estate market, they mainly stay away from lucrative megacity development projects […]

Yangon New City Project to be Remodelled with Tower Blocks Included

The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister. Daw Nilar Kyaw, the regional minister for electricity, industry and transportation, made the remarks on July 10 during a special […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Avoid Loss of Foreign Investments: Report

The Yangon Region Finance, Planning and Economic Committee has sent its yearly report to the regional parliament, urging for action to be taken in order to avoid the loss of foreign investments. Committee chair Daw Sandar Min said the regional government must put emphasis on issues that could affect investments and the economy. Among the […]

Three Companies Submit Myo Thit Bids

Three companies have submitted tender bids to construct the Yangon New City (Yangon Myo Thit) Project, according to Ministry of National Planning and Economic Development of the Yangon regional government. “Initially there were fifty companies which bought the tender application forms, but only three companies successfully submitted the application. The tender evaluation committee will handle […]

Three companies submit tenders for Yangon New City Project

Subscribe to our tender alert mailing list YANGON—Three companies, including Shwe Popa International Construction Co Ltd, a subsidiary of Shwe Than Lwin Co, submitted tender bids for Yangon New City Project. An opening ceremony for the preliminary tender for the project was held at the Yangon Region Government Committee Office on September 22 under the […]

Home Ownership Dream Slips Away from Many Yangonites

As the price of real estate in Yangon keeps rising, the dream of homeownership is slowly slipping away for many of Myanmar’s middle-class. Many have been trapped in a cycle of perpetually paying rent, and saving money to buy a home has become more and more difficult. “When I started renting my apartment, I paid […]