Myanmar real estate news

Yangon's high-rise review to finish soon


Myanmar real estate news The Yangon Region government will finish scrutinising suspended high-rise projects within the next week, Yangon Region’s chief minister told yesterday’s parliament session.

YCDC told some 200 high-rise projects to suspend development on May 14, as the Committee will review high-rise building permits closely through a coordination team to see if the projects correspond with Yangon development plans.

U Phyo Min Thein, Yangon Region chief minister, told parliament yesterday that the government will finish reviewing high-rise projects and start issuing construction permits within a week.

U Than Htay, head of the department of engineering at YCDC, said that his organisation had already inspected all stopped projects for structure and design, but had to make on-site inspections before issuing construction permits.

“We don’t want to take long but we need to inspect [in] detail. As soon as we finish inspecting we will allow permitted construction to resume,” he said.

The initial suspension sent waves of alarm through the construction sector, with U Khin Shwe, president of the Myanmar Construction Entrepreneurs Association (MCEA) and chair of Zaykabar Company, telling The Myanmar Times that the order could put thousands out of work.

Developer U Than Naing said previously that the decision could scare foreign investors.

But the new policy will also help architects avoid taking flak from people complaining about the profusion of high-rises across the city, said U Zay Win Htut, an architect at private company.

“It used to be that architects followed the law, but when developers received their permit from they built a high-rise,” he told The Myanmar Times. “So architects were put in a difficult situation.”

He hopes that the new stricter laws will help create a clear demarcation between the responsibilities of developers and architects.



Quoted from mmtimes.