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Yangon’s market upgrades

Yangon’s new night market, which will be upgraded by a private company with K2 billion in funding, is expected to open later this year. Municipal markets, the centre of much day-to-day commercial life in both downtown Yangon and the city’s suburbs, will also be upgraded to improve cleanliness and convenience. “Upgrades to the night markets […]

SmartComm World expands to Myanmar and North America

Singapore 18 August 2019 – SmartComm World (SCW) today announced that they have opened two new offices. SmartComm World (Americas) LLC – Americas HQ has been incorporated in Delaware, USA. Having a large domestic population that communicates in Spanish, English and Chinese, facing increasing labor cost and having large numbers of tourists visiting its shores, […]

Yangon mulls fish market in Dala if port area is available: Chief Minister

Plans are underway to conduct a feasibility study for construction of a fish market in Dala if there can be port land available, said Yangon Region Chief Minister Phyo Min Thein on August 13. “We don’t know exactly about the site. There are fish ports in Yangon. But they are scattered. Some local people are […]

Lower rents lift Yangon office occupancy: Picon Deed

Lower rents are lifting occupancy levels in the Yangon office market but political uncertainty is deterring new entrants, according to a report by a new property consultancy. Since 2016 the slow pace of economic reforms and the Rakhine refugee crisis have caused business optimism to “trail off”, Picon Deed Property Consultants says. The slowdown hit […]

Colliers Property Report – Upper Scale Hotel Yangon Q2 2019

  LAYING THE WAGER ON THE GAMBLING LAW: OPPORTUNITIES IN GAMING INDUSTRY   Summary & Recommendations No new completion were observed in Yangon’s upscale hotel segment during Q2 2019. Despite the surge of Chinese visitors, majority of upscale hotels continue to experience lower occupancy rates due to the downward trending number of western arrivals. Although […]

Myanmar, Korea to Build Industrial Facility North of Yangon

YANGON—Myanmar’s Urban and Housing Development Department (UHDD) on Thursday signed a joint venture agreement with Korea Land and Housing Corporation to establish a joint industrial complex in Hlegu, north of the commercial capital Yangon. Comprising industrial and commercial areas as well as a research-and-development facility and a training school, the Korea Myanmar Industrial Complex (KMIC) […]

Yangon govt plans to build about 10,000 apartments each for squatters in six townships

Yangon Region government is planning to implement housing projects for squatters with about 10,000 apartments each in four Dagon townships and Hlinethaya and Shwepyitha townships, said Chief Minister Phyo Min Thein at a seminar on Slums and Informal Settlements in Yangon “The Way Forward” held at Summit Parkview Hotel in Yangon on August 5. “We […]

Yangon trials digital construction permit system

Yangon City is introducing a new digitalised construction permit scheme in an effort to improve the ease of doing business. With the support of the International Finance Corporation, the Building Control Authority of the Yangon City Development Committee (YCDC) launched the Yangon Building Permit System on July 1 and it will be piloted until the […]

Colliers Property Report – Yangon Serviced Apartment Q2 2019

TAKING HEED ON EXPATRIATES’ HOUSING CONSIDERATIONS Summary & Recommendations Since the government commenced a series of economic transformations in 2011, the city has witnessed mounting investment interests coming from numerous companies and institutions. The influx of international companies has ultimately driven foreign manpower requirements skyward. This growth has greatly encouraged strong rental activity in the […]

Is bubble tea taking over Yangon?

Served in small porcelain cups, “laphet yay” is the nation’s signature drink. While Thailand has the street side stores, Britain has its pubs and Italy the piazza, the tea shop is the place where Myanmar people come to chat about politics, their social lives or just to watch the soccer – over a small cup […]