Yangon City Development Committee sent a formal letter to the developers of the Sule Square commercial complex yesterday, which will allow payment of a K2 billion (US$1.6 million) fine levied for building additional floors without permission. YCDC said late last month that although hotel group Shangri-La was willing to pay, the committee was waiting on […]
Contractors association bands together with YCDC grievances
September 6, 2016 by
Over 500 of Yangon’s licensed building contractors met last week to debate forming an industry association, which will have a long list of policy complaints to take to Yangon City Development Committee. The city’s contractors are banding together partly in anticipation of new YCDC regulations, and believe an industry association will make it easier for them […]
MIC flags Yangon condo built without approval
February 8, 2016 by
The Myanmar Investment Commission has accused a local developer of building a condominium in Yangon with a foreign partner without approval, while the developer says it does not need approval as the investment is entirely local. Foreign investments and local-foreign joint ventures must all be approved by the MIC, while local investments can go ahead […]
Yangon gridlock
January 11, 2016 by
Than Htwe lives in Hlaing Tharyar, a sprawling township 20 kilometers west of central Rangoon, but his job is downtown. Every morning he wakes up in the early hours, quickly downs a cup of tea and rushes to the bus stop at 6:30 so he can get to his workplace by 9 o’clock. He meets […]
Construction booms but clouds gather
April 28, 2015 by
The apparent boom in Yangon construction conceals increasing complexity, as stricter regulation combines with aggressive speculative practices to create a difficult environment for contractors and would-be homeowners alike, industry sources say. Unquestionably, the number of apartments has grown considerably in the past two years. But U Nay Win, deputy director of the Department of Engineering […]
