Monday, August 21, 2017

Poor parkland rent cause for budget deficit: PAC

Low rental income from parks and playgrounds in Yangon have been said to have contributed to the budget deficit for the 2015-16 year of assessment.

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YCDC rental rate lower than market level

The Public Accounts Committee’s review of the Department of Engineering addressed the issue of budget deficit in 2015-16’s fiscal year.

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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.

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Junction City becomes Yangon’s latest addition

Junction City, one of downtown Yangon’s high-end real estate projects, has been completed and is now officially opened.

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Ministry aims at 1 million housing units by 2030

The Ministry of Construction has planned to implement one million units by 2030, according to the government’s housing development plan.

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Heritage preservation potential boost for tourism

On March 1, Yangon Chief Minister U Phyo Min Thein posted a clip on Facebook saying that the regional government is preserving around 200 heritage buildings in Yangon.

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Property market needs effective sales approach: agents

Real estate agents have cited that the cause for the drop in property sales is due to ineffective sales strategies used by construction entrepreneurs.

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The Peninsula to arrive in Yangon

First Myanmar Investment (FMI) has announced its luxury hotel venture The Peninsula Yangon as part of its real estate development Yoma Central, a move that coincided with a rise in its share price.

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