Myanmar real estate news

YCDC stops accepting high-rise applications


Myanmar real estate news As government engineers continue their inspections of high-rise construction sites where work has been stopped pending their review, Yangon City Development Committee has announced the suspension of existing policies and procedures for applications from developers who want to put up tall buildings in the region.

YCDC deputy engineering department chief U Nay Win said on June 24 that the new procedures would be unveiled on July 1.

“The new procedures will be advertised in state-owned media,” he said, adding that applications under existing procedures would no longer be accepted.

Construction on buildings of more than nine storeys was suspended all over Yangon Region on May 15 while the incoming regional government determined their compliance with Yangon development plans.

Of the frozen projects, 64 had already received an official construction permit, and these buildings are being examined first. Following a review of schematics and plans, four 14-person teams under a newly formed Yangon Region government committee started site visits on June 21.

Yangon Region’s Chief Minister U Phyo Min Thein told a parliament session on June 16 that the review would be finished and permits re-issued “within the next week”. But that deadline has now passed.

MKT Construction administrative director U Myo Myint told The Myanmar Times, “New applications for high-rise buildings made after July 1 will be reviewed in accordance with the new policies. The procedures will be notified for two days at municipal offices. Construction of six-storey buildings has also been suspended, and new applications will not be accepted as there are no committee members, and no EC meeting is scheduled. I think procedures will be easier under the new government, but right now contractors are feeling aggrieved.”

It is understood that applications to construct buildings of up to eight storeys can be approved by YCDC Department of Engineering after a meeting of the committee. Buildings of between eight and 12 storeys can be approved subject to inspection by the Committee for Quality Control for High-rise Building Projects, while buildings of 13 storeys and above could proceed only with the approval of the Yangon Region government.

Translation by Khine Thazin Han




Quoted from mmtimes.