Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]
Myanmar to solicit bids for its 1st LNG terminal
March 15, 2017 by
Subscribe to our tender alert mailing list An international tender to build Myanmar’s first liquefied natural gas terminal will start as early as April, presenting a business opportunity for Asian trading and energy companies, according to a government source. Along with a floating LNG terminal with an annual capacity of 3 million to 4 million […]
House rental charges up by 10% to 35%
July 15, 2014 by
Charges for residential rent in Yangon are up by 10 per cent to 35 per cent in comparison to last year, according to a real estate market survey. Rent for apartment increases by 10 per cent and the condominium lease jumps by 35 per cent. The rent varies in accordance with location and residential quality. […]
Draft town plan to stabilise runaway prices: minister
June 17, 2014 by
Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]
