Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year. The rules, which were signed by the Union Minister for Construction on December […]
Korea-Backed Industrial Zone to Locate in Northern Yangon
June 24, 2017 by
South Korea and Myanmar have reached an agreement to establish an industrial zone in northern Yangon, and constructions will begin in early 2018, Daw Moe Thida, assistant director of the Department of Urban and Housing Development (DUHD), told The Myanmar Times on June 21. At Nyaung Na Pin township, the industrial complex project will have an estimated area of 570 acres. South Korea state-owned corporation, Korea Land & […]
Low cost housing projects to be opened to foreign construction companies
July 27, 2016 by
Subscribe to our tender alert mailing list Due to the chronic housing shortage that the current government has inherited, the new government will look at opening up low cost housing construction projects to foreigners if they are able to complete the project in 2 years. In the past the government has invited Myanmar companies to […]
Korean state firm eyes first industrial zone
January 21, 2016 by
State-owned Korea Land & Housing Corporation (KLHC) is collaborating with the Ministry of Construction on a new US$120 industrial complex, according to officials involved in the process. The Korea-Myanmar Economic Cooperation Industrial Complex is KLHC’s first project in Myanmar. The corporation is hoping to build the complex in the Yangon area, and is in talks […]
