Summary & Recommendations Given the absence of new project completions, the citywide occupancy rate further inched up as at the end of Q3 2018. Meanwhile, the net absorption rate at the end of the quarter is only half the amount recorded from the same period last year. Looking ahead, we expect office demand to increase […]
53 companies express interest in building Yangon’s ring road
July 6, 2018 by
A total of 53 local and international companies/ consortiums are interested in the 47.5-kilometre elevated ring road in Yangon, the Ministry of Construction announced on July 4. On May 18 last year, the Ministry of Construction (MOC) invited local and foreign investors to submit Expressions of Interest (EOI) for the construction of an elevated four-lane […]
Myanmar invites expression of interest for Yangon expressway
June 4, 2018 by
Myanmar’s Construction Ministry has invited expression of interest from local and international firms for a ring road expressway in Yangon, the ministry said in a statement on Monday. The 47.5-km elevated four-lane road will connect downtown Yangon, Yangon Port, Yangon International Airport, Mingalardon Industrial Park and the Yangon-Mandalay expressway. The firms are to design, engineer, […]
Expression of Interest for Yangon Expressway PPP Construction Project. Closing Date: 29 Jun 2018
May 22, 2018 by
The Republic of the Union of Myanmar Ministry of Construction Department of Highways Request for Expressions of Interest dated [18″‘ May, 2018] Yangon Expressway PPP Project The Ministry of Construction of the Union Government 01 Myanmar, coordinating with the Yangon Regional Government is planning to develop an elevated four-lane ring road expressway project in Yangon […]
Accor flies Mercure flag in Yangon
April 27, 2018 by
YANGON, 26 April 2018: After an extensive renovation, AccorHotels officially raised the first Mercure flag over a property in Myanmar’s commercial capital last week. Unofficially, the former Micas Hotel Apartments was rebranded Mercure Yangon Kaba Aye in the third quarter of 2017 and remained open for business, during a renovation that ended in March. Last […]
MPT Installs Fiber Internet Service in Downtown Yangon
August 10, 2017 by
On August 1 Myanmar Post and Telecommunication (MPT) introduced its fiber-to-the-home (FTTH) internet service in Pabedan, a township in downtown Yangon. If there is a sustained demand for FTTH, MPT will extend its services to other townships, such as Latha and Kyauktada, U Thein Hoke, Deputy Chief Commercial Officer, told Myanmar Business Today. “If Yangon […]
Surging kyat closes foreign exchange desks
February 11, 2016 by
Local banks suspended foreign currency exchange services yesterday as the kyat surged in value against the dollar, with financial industry sources variously pointing the finger at political speculation, market rumours and a lack of clear Central Bank policy. The kyat strengthened to K1248 against the dollar yesterday, according to the Central Bank’s rate, after […]
Yangon suburb real estate values rising
November 27, 2015 by
The price gap between real estate in downtown Yangon and properties in the suburbs has become very small, according to real estate professionals. The rates used to differ by two to three times back in the days, but the gap has become smaller since 2014. “In the past, when the rental rates in prime areas […]
