Developers to discuss suspension of high-rise buildings

Developers are due to meet to discuss the suspension of high-rise building projects in Yangon before submitting complaints to the authorities and the members of parliament.
High-rise building projects were suspended on 14th May, raising concerns among entrepreneurs and threatening job losses to engineers, staff and laborers at construction sites.
“We are carrying out the projects to be concordance with the policies laid down by the then government. It is unlikely for our projects to match perfectly the new policies to be formulated. We’ve constructed car parking not only for all apartments but also for the visitors. We’ve built extra 20 per cent for the visitors,” said U Than Naing, a high-rise building developer.
He added: “We would like to request the incumbent government to proceed in accord with the previous policies. If we are found disobedient to the existing policy, action can be taken against us. The suspension of the high-rise building projects adversely affects not only us but also the economy of the country.”
For the moment, the authorities concerned have ordered the developers to scale down the number of floors because they deemed there was insufficient space for parking after making spot check inspections of 12 projects out of a total of 60 granted by the previous government, said a developer.
“We entrepreneurs are also part of national reconciliation. We also want to make Yangon become a metropolitan city like the government. It cannot be said that only the high-rise buildings cause damage to the city.  There are also low-rise buildings that do not follow the rules,” said another developer.
Developers also argue that the reduction of the floors of the buildings causes problems because of advanced purchases.
Currently, there are over 200 projects that have been forced to stop, with industry figures estimating heavy losses of over US$2billion. “We will hold a press conference to reveal our difficulties to the authorities concerned,” said U Than Naing, a developer.—Soe Win(MNA)


Source: The Global New Light Of Myanmar

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