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Mottama Development opens new property gallery in Yankin

Real estate developer Mottama Development Group Co. launched a new property gallery at Maha Land Centre, Kabaraye Pagoda Road to showcase its latest premium office towers, malls and public recreational zones in Yangon on June 29. The projects are expected to contribute to Yangon’s gradual transformation into a metropolis, while creating jobs and elevating the […]

Colliers Property Report : Yangon Retail 3Q2018

SUMMARY & RECOMMENDATIONS As at the end of Q3 2018, citywide occupancy level remains at a healthy state, however a slight decline was observed following the recent flight to quality for some tenants. Given the strong development pipeline for 2019, along with the changing demographics such as the increasing young population, Colliers encourages both developers […]

Invitation to Kayah Investment Forum, 26 May 2018 at Loikaw

Background: Kayah State has vast and diversified land that enables various types of agriculture, tourism and other industries. The estimates population in 2017 was approximately 291,778. Kayah State is divided into 2 districts (Loikaw and Bawlake) which are divided into 7 townships with 106 wards and villages.. Kayah State is located in north latitude 18 […]

Golden City opens grade-A office tower in Yankin

Golden City officially opened Golden City Business Center (GCBC),which is a four-storey office tower in Yankin township, Yangon, on October 17. The development has a net leasable area of around 150, 000 sq ft. Office rooms of around 1,044 sq ft to 12,755 sq ft in size are available for long term leases. Golden City […]

Expression of Interest in No.27 Garment Factory (Yankin) Under No, (3), Heavy Industries Enterprise, Ministry of Industry Closing Date 31 August 2017

Subscribe to our tender alert mailing list No.(27) Garment Factory (Yankin)(to build a Myanmar International Business Center as an International Standard) under NO.(3) Heavy Industries Enterprise, Ministry of Industry is intended to cooperate with investors as Joint Venture on 2.205 Acres. The investors who interested in those cooperation are required to submit their Draft Proposal […]

Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Long shall Yangon’s crap foreign restaurant boom continue

It the beginning of last year, Yangon had around 250 restaurants listed on TripAdvisor. Today the number has more than doubled, yet upwards of 100 of those – largely those offering regional or Western cuisine – have shuttered permanently. Some were too ahead of their time, opening to rave reviews but finding themselves without a […]

Rangoon Govt Orders Safety Modifications to High-Rise Buildings Under Construction

RANGOON — Despite complaints from developers, a review committee for the construction of high-rise buildings has ordered safety modifications to 12 structures, stating that failure to follow Rangoon’s updated urban planning standards could cause harm to the city and its residents. This week the Rangoon divisional government ordered the developers of the buildings to reduce […]

Govt signals crackdown on unauthorised occupants of state-owned apartments

Residents of government-owned apartment blocks could soon face eviction if they are found to be occupying their homes illegally, a housing official has warned. Since 1951, the government has built several apartment blocks in Yangon to house military and civilian staff. In many cases others have since taken possession, often following the death or transfer […]

YCDC postpones land auction indefinitely

The Yangon City Development Committee (YCDC) has postponed its land auction to a future unspecified date after facing a widespread opposition, reports say. The committee put up 74 plots in North Oakkalapa, Thingangyun, South Dagon Myothit, North Dagon Myothit, Dagon Myothit Seikkan, Thaketa, Yankin, Dawbon and Shwepyitha for auction in August. The plan, however, received […]