The Yangon Electricity Supply Corporation (YESC) will be solely responsible for maintaining all streetlights in the region and will change the current lights to more efficient LED ones, Daw Nilar Kyaw, Minister for Electricity, Industry, Transport and Communication, said on September 26. The announcement came as a response from Daw Thet Htar New Win, Member […]
Property buyers eye Dagon land as owners sell for losses
November 16, 2017 by
For buyers interested in purchasing land or homes in Dagon, now could be a good time to take closer look at the property market in the area. Land prices in South Dagon have been falling even though property sales have been robust. According to Ma Cho New, a local real estate agent, sales improved after […]
MIC permitted eight enterprises including four garment enterprises
September 27, 2016 by
Myanmar Investment Commission (MIC) granted permission to eight enterprises including four garment enterprises, according to an announcement released by MIC. These permitted enterprises include manufacturing of garments under Cut-Make-Pack (CMP) system, manufacturing and marketing the corns, prawns and assorted snacks, sterilized, sweetened and condensed Milk, corrugated carton box and beautification corrugated carton box and cement, […]
Ministry surveys Dagon Seikkan land for rental housing
February 19, 2016 by
The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times. If the ministry deems the land suitable for development, it will call a tender for private contractors, said […]
Parking Fines Big Earner for YCDC
December 18, 2015 by
The Yangon City Development Committee (YCDC) has earned more than K11 million in fines from cars that illegally park overnight. If a car parks overnight in a place that is not its legally designated parking space, the owner can be punished according to the Municipal Acts, with fines ranging from K50,000 to K100,000, according to […]
Long-term real estate view needed in new Dagons
July 30, 2015 by
Investing in property in the new Dagon townships on the city’s outskirts must come with a long-term view, according to experts. The area is slated for the first of seven Yangon New City projects, and is also near other proposed but unbuilt projects such as the Hanthawaddy Airport, according to Daw Thuzar May, director of […]
