Myanmar real estate news

Results in on high-rise projects


Myanmar real estate news After weeks of waiting the results of Yangon Region government’s first round of high-rise inspections will be released to developers in the next few days, according to a YCDC official.

A specially formed inspection team has finished on-site reviews of the first 12 of 64 projects that received construction permits under the previous government, but which YCDC then suspended in May.

The new government imposed a city-wide construction freeze on high-rise projects, which also included some 120 projects that had not yet received a full construction permit, to make sure they correspond to Yangon development plans.

U Than Htay, head of the Department of Engineering (Building), said reports from the on-site inspection teams on the first 12 buildings had been received. They will now be sent to the Yangon Region government cabinet, which will instruct the YCDC Department of Engineering whether they can re-issue permits, he said.

Once that has been done, on-site inspections on the other 52 buildings will continue, he added.

U Phyo Min Thein, Yangon Region chief minister, had told parliament on June 16 that the government would finish reviewing high-rise projects and start issuing construction permits within a week.

But the on-site inspections only started on June 21, and members of the inspection committee and the inspection teams said there had been a lack of coordination and information about how the review would be scheduled.

Daw Hlaing Maw Oo, a member of the inspection committee and secretary of Yangon City Development Committee, said previously that the inspection team reports cover many aspects of construction, from regulatory compliance to the opinions of local residents, which could be one reason the review was taking time.

Construction sector officials have complained that the freeze is hurting the industry. Workers have been left employed or with lower wages and developers are worried the delay could scare away foreign investors.




Quoted from mmtimes.