Property prices in Yangon have been trending downwards in recent years. But now that the rules to the 2016 Condominium Law are gradually being implemented and with economic growth projected by the IMF to rise to 6.6 percent in the next fiscal year compared to 6.4pc this year, it could be time to take a […]
Hunting for value in Bahan
June 20, 2019 by Thiha
Filed Under: Latest News Tagged With: Bahan, Condominium law, cozy atmosphere, Estate Myanmar, IMF, mansion, property, real estate, US Embassy, Yangon International Airport, YBS
Yangon suspends property project near Mya Yeik Nyo Royal Hotel
April 2, 2018 by Thiha
Residents are objecting to a real estate development project earmarked for construction near the Mya Yeik Nyo Royal Hotel at Pale Street, Bahan township, as it is near Kokkine reservoir, which supplies water to nine townships in Yangon. Locals are concerned about potential damage to the reservoir and water pumping station, as well as obstruction […]
Filed Under: Latest News Tagged With: Ahlone, Bahan, Bahan Township, Dagon, Danger Organisation Yangon, Daw Moe Moe Lwin, deputy chair, Director, Golden Valley, Heritage site, Kamayut, Kokkine reservoir, Kyeemyindaing, Mayangone, Mayor’s Guest House, Mingalar Taung Nyunt, Mya Yeik Nyo Royal Hotel, Myanmar conglomerate Zay Kabar Company, Pale Street, president, private property, property project, Real Estate Development Project, Sanchaung, Save Kokkine Reservoir, Shwedagon Pagoda, Tamwe, U Thaung Htut, U Win Bo, Yangon City Development Committee, Yangon General Hospital, Yangon Heritage Trust, YTH
Regional Government Limits Drone Use in Yangon
December 22, 2017 by thiha
The Yangon region administration department has banned the flying of drones in 16 townships to ensure the safety of aircraft landing and taking off at the Yangon International Airport. The order is effective since November 28, the agency said. People who violate the order can face up to six months imprisonment, a fine or both, the […]
Filed Under: Latest News Tagged With: Aung Naing Soe, Bahan, Department of Civil Aviation, Deputy Director General of DCA, Hlaing, Hlaingthaya, Hlawgu, Htantapin Townships, Insein, Kamayut, Kyimyindaing, Malaysian Mok Choy Lin, Mayangon, Mingaladon, Nay Pyi Taw, New East, North Dagaon, North Okkalapa, Sanchaung, Seikkyi Kanaungto, Shwepyitha, Singaporean Lau Hon Meng, The Myanmar Times, The Yangon Region Administration Department, U Ye Htut Aung, Yangon Eastern District Department, Yangon International Airport, Yangon Region Administration Department
Drones Banned in Yangon Townships Due to Airport Hazard
December 15, 2017 by thiha
For the safety of flights landing at Yangon International Airport, Yangon Region General Administration Department has issued an order dated November 28, banning drones and other unmanned aircraft (UA) in 16 townships in Yangon. An official of the Yangon Region GAD said the covered townships are North Okkalapa, North Dagon and East Dagon in the […]
Filed Under: Latest News Tagged With: Bahan, Code of Criminal Procedures, East Dagon, Hlaing, Hlaingtharyar, Hlegu, Htantapin in the North, Kamayut, Kyeemyindaing, Mayangon, Mingalardon, North Dagon, North Okkalapa, Region GAD, Sanchaung, Seikgyikhanaungto, Shwepyithar, UA, Yangon International Airport, Yangon Region General Administration Department
Condominium rental market bearish despite higher demand
October 17, 2017 by thiha
Even though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]
Filed Under: Latest News Tagged With: Bahan, Dr Htoo Myat Naing, Estate Myanmar, Foreigner Condo Rental Agencies, Japan, Kamaryut townships, Thailand, thingyan, Yangon
Burma Signals for Foreign Investment
June 17, 2017 by thiha
NAYPYIDAW — Burma’s businesspeople are expecting foreign investments to help launch their projects after buying thousands of acres across the country to develop industrial zones and large-scale operations, according to the Myanmar Investors Development Association (MIDA). Companies presented their ventures at MIDA’s Myanmar Investment Forum 2017 in Naypyidaw on June 6-7, which attracted mostly Chinese […]
Filed Under: Latest News Tagged With: Bahan, Chairman of the Co Operative Bank, Develop Industrial Zones, East Dagon Township, Economist U Khin Maung Nyo, Hline, Irrawaddy Divisions, Kamayut, Kyauktada, Letpadaung Copper Mine in Sagaing Division, mandalay, Maw Shan Co, Mayangone Townships, MIDA, MIDA Vice Chairman U Hla Myint, Mingalar Taung Nyunt, Myanmar Investors Development Association, Naypyidaw, New City Development Co Ltd, Pegu, Rangoon, Shan State, Tamwe, Tenasserim, The Managing Director of Hanthawaddy Co, U Hla Myint told The Irrawaddy, U Khin Maung Aye, U Sein Win, U Toe Aung Myint
Analysts Say 2016 is the Worst Year for Rangoon Construction Sector
December 9, 2016 by thiha
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 […]
Filed Under: Latest News Tagged With: Bahan, Botahtaung Townships, chief minister U Phyo Min Thein, construction market, Dagon, Daw Moe Moe Aung, Kamayut, Kyauktada, Lanmadaw, Latha, Mayangone, Myanmar Real Estate Services Association, Nay Kabar Construction, Pabedan, Pazundaung, Rangoon, Sanchaung, Tamwe, U Kyi Lwin of the Myanmar Engineering Society, U Myo Myint, U Thant Sin Hein, Yankin
Yangon real estate market recovers late in the year
December 5, 2016 by Thiha
The Yangon real estate market has bounced back from a two-year cooling period at the end of the year, with sales and rentals of real property going well, said Yangon real estate agents. “It is a long time that the real estate market has been cool. However, the sales in the end of year are […]
Filed Under: Latest News Tagged With: Bahan, East Dagon industrial zone, Kamayut, Mayangon, Myanmar, Shwe Taung Kyar, thilawa, Yangon real estate market
Drones must steer clear of Shwedagon
October 6, 2016 by thiha
Shwedagon Pagoda is now a no drone zone. Unmanned aerial vehicles (UAVs) are not welcome to fly over the famed pagoda or its grounds without prior permission, the pagoda trustee committee announced at a September 30 press conference. The board of trustees said the ban has been in place for a year, but has not […]
Filed Under: Latest News Tagged With: Bahan, Dagon, dca, Department of Civil Aviation, Happy World, Lawyer U San Myint Aung, Penal Code, Peoples park, Sanchaung, Shwedagon, Shwedagon Pagoda, U San Minn, U Thaung Htike
Rangoon Govt Orders Safety Modifications to High-Rise Buildings Under Construction
July 15, 2016 by thiha
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 […]
Filed Under: Latest News Tagged With: Ahlone, Bahan, Botahtaung, Committee for Quality Control of High Rise Building Projects, Construction Entrepreneurs Association, CQHP, Hlaing, Insein, Kabaraye Executive Residence on Kabaraye Pagoda Road, Kyeemindaing, Living Square Construction, Mayangone, Rangoon, Tamwe, The Irrawaddy, The Yangon City Development Committee, Yankin, YCDC, Ye Min Oo
