The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]
Dagon City 1 Investors to be Given New Plots of Land
September 23, 2015 by
Director General of Myanmar Investment Commission (MIC) U Aung Naing Oo said that investors in the cancelled Dagon City 1 Project will be given alternative sites instead. “The announcement by the President also said that the investors shall be given alternative sites. Consequently these investors were told to look for other areas as an alternative. […]
Confidence missing in Yangon New City
July 17, 2015 by
However, land speculators have been slow to express a renewed interest in the controversial project, as they fear it may be suspended again, according to real estate agents. The project will be located on an 11,716 acre site, bordered by the Pun Hlaing River, the Twante-Yangon Canal, the Hlaing River and the Hlaing Tharyar-Twante Road […]
Business complex for Yangon’s historic sporting grounds stirs up controversy
May 6, 2015 by
Kyaikkasan sports ground covers a vast expanse of prime real estate in the heart of Yangon that has entertained and thrilled for decades, while also concealing a darker past as a temporary detention centre used during crackdowns by the former military regime. Now the historic site, once home of the colonial-era Rangoon Turf Club racecourse, […]
Former outspoken MP establishes political school
The School of Law, Gender & Politics (SLGP) will train and educate individuals in law, politics and democracy, Daw Nyo Nyo Thin said at a press conference in Yangon to launch the school. The former outspoken Yangon regional legislator, who holds a doctorate degree in law from Japan Yokohama National University, said she founded the […]