Myanmar real estate news

Yangon zoning plan to be made public this year


Myanmar real estate news Yangon may finally be getting its long-awaited zoning plan, officials say. A draft drawn up by the city’s development committee will be opened for public comment before being adopted as law by the regional parliament, a Yangon City Development Committee spokesperson said.

The zoning and land use law will be submitted to parliament after a city-wide inspection of high-rise buildings is complete, said U Ye Min Oo, a spokesperson for the inspection committee.

“The city development committee intends to pass the zoning law within the next three months. Once we have reviewed the plan, it will be opened up to the public before being submitted to the hluttaw for approval,” he said.

The draft, written in 2012 by experts from the Ministry of Construction, YCDC, the United Nations-backed Urban Research and Development Institute, professional societies, and the Myanmar Construction Entrepreneurs Association, divides Yangon into 10 zones.

It has not yet been adopted because discussion of the draft is still continuing, YCDC urban planning expert U Toe Aung told The Myanmar Times.

“We will take action on the draft once the government gives the go-ahead,” he said.

Approval of the plan would clarify the legal situation for developers, said U Kyaw Kyaw Soe, joint secretary of the Myanmar Construction Entrepreneurs Association.

“I think they will adopt the existing draft, which was the subject of protracted negotiations. The existing text does take into account entrepreneurs’ concerns,” he said.

Under the draft plan, about 30-35 percent of the city’s total land area would be made available for new high-rise buildings and apartments, and 20pc would be set aside as recreational open space for the public, in accordance with international urban planning standards.

The plan was drawn up after a review of urban planning standards and research into the designs of a number of international cities, said U Kyaw Kyaw Soe.

Developers have said they would benefit from a clear zoning plan that set out agreed standards and designated specific geographical zones in the city where high-rise and other buildings could be built.

Translation by San Layy



Quoted from mmtimes.