Property

Ongoing Suspension Puts High-Rise Developers, Investment Commission at Loggerheads

RANGOON — The suspension period for five construction projects within the vicinity of Shwedagon Pagoda has been extended, as the Myanmar Investment Commission (MIC) considers recommendations to reduce planned building heights, according to a senior official. Work at the five separate developments in Dagon Township was suspended on Jan. 22 after the MIC requested a […]

Property

More high-rise projects likely in Yangon suburbs, says MCEA chairman

Yangon’s outer suburbs are likely to become the preferred locations for high-rise residential projects because of high land prices and height restrictions near historic landmarks in the downtown and nearby areas, predicts a leading member of the construction industry. Myanmar Construction Entrepreneurs’ Association chairman U Thar Htay said the areas where height restrictions applied were […]