Myanmar real estate news

Decreasing new high rise building projects in Myanmar

Myanmar real estate news In the time of former government, Yangon region government gave a lots of opportunities to build high rise building construction projects to investors.

There were over 200 high rise building project which above nine floor in Yangon, when Yangon chief minister U Pyo Min Thein announced to stop the projects which was allowed by former government.

64 projects are getting permission to build among those 200 high rise building projects and even the construction building too. Those projects are the projects which going to be complete in the coming month or year.

But, Yangon Chief Minister U Phyo Min Thein revised again and all high rise projects construction became delay and some projects were losses because of the construction was pending over three months, said the employer’s group.