Myat Nyein Aye
The Myanmar Times
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Past articles by myat nyein:
Mayor says Yangon lacks funds for flood works, awaits $125m loan
Yangon is unable to implement large-scale flood mitigation strategies due to a lack of funds, and heavy downpours during the monsoon season are causing havoc for the city’s nearly 5 million people. → Read More
New Mingalar Market to begin construction in November
After suffering a devastating fire about one and a half years ago, the location of Mingalar market is now in a good condition to start construction for the new market, said Ko Kyaw Naing Htwe, representative of shopkeepers in Mingalar Market. → Read More
Biggest flea market to be relocated to Strand Road
The Yangon City Development Committee (YCDC) plans to move the Shwe Bon Thar flea market, the biggest market in Yangon, to the night market in Strand Road as part of the YCDC’s night market second plan. → Read More
Yangon to upgrade markets with PPP system
The Yangon Region government is going to install 21 markets with a public-private partnership (PPP) system, according to U Myint Thaung, the regional minister for planning and finance. → Read More
All’s quiet for property market
The last two years of lacklustre performance in the property market has indicated a limited potential for transactions to take place this year, according to real estate agents. → Read More
HAGL launches second phase of Myanmar Centre
Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. → Read More
Premium Distribution forms joint venture with Singapore’s Sia Huat
Local company Premium Distribution has joined with Singaporean food service distributor Sia Huat to import international cooking and hospitality equipment to Myanmar. → Read More
Officials split over future of commercial projects on prime Yangon parkland
An outspoken Yangon City Development Committee member says he has ordered suspension of a number of construction projects on parkland beside the city’s Inya Lake, while the department responsible for contracting the companies says the projects are still going ahead. → Read More
Bridge to connect Yangon with Southwest New City
Three companies recently awarded a contract to develop a large area of land in Southwest Yangon will begin the project by building a bridge across the Hlaing River from the new development to the city’s downtown area. → Read More
Speculation squeezes potential gains from Dala property
The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. → Read More
NLD to scrutinise special economic zones
As speculation mounts over whether the new government will back Myanmar’s divisive special economic zones, a National League for Democracy spokesperson says in theory such projects are good for the economy and will continue to receive support. → Read More
YCDC official takes new swing at foreign development
An outspoken member of Yangon City Development Committee has taken to social media to question whether international developer Marga Landmark has obtained the necessary permissions to build its mixed-use development on a new site, while other government officials say all approvals are in place. → Read More
Engineers scramble for licences amid penalty threat
Engineers will have to acquire a professional licence if they want to practise in Myanmar in future. Though the law requiring registration was passed two years ago, authorities have been slow in enforcing it. → Read More
Bridge from Yangon to Dala breaks ground
A Bridge that will link downtown Yangon to underdeveloped Dala township received the official green light yesterday, after a majority of local landowners agreed to give up their property in return for compensation. → Read More
Short-list for Yangon Central Railway Station development
Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. → Read More
New location for cancelled Shwedagon project
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. → Read More
MIC flags Yangon condo built without approval
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. → Read More
Few ‘condos’ qualify under new law, say experts
The new condominium law – which will grant international buyers access to Myanmar’s real estate market for the first time – has been widely welcomed, but experts say just a handful of properties are initially likely to be eligible. → Read More
Real estate taxes to jump in coming fiscal year
Property taxes are set to jump in the coming fiscal year, after this year’s rock-bottom rates failed to jump-start the real estate market and caused tax revenues to plummet. → Read More
Yangon official takes fresh aim at high-rise projects
A yangon official known for his outspoken views has publicly criticised two high-rise projects, including a Singapore-backed condominium, and says he has imminent plans to target several more. → Read More