In Rangoon’s southwest a cluttered city skyline immediately gives way to lush green farms— that are now worth tens of thousands of dollars each.
The Burmese government orders the cancellation of the Dagon City real estate projects due to public concerns about their proximity to Shwedagon Pagoda.
CP Land Plc plans to pay US$16 million this year to take over an office building in Rangoon.
Saha Group, Thailand’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Burma, citing high land prices.
Telenor posts record revenues; Carlsberg opens beer factory in Pegu; Burma poised to be leading rice exporter; and rents in Rangoon on the rise.
Rangoon’s divisional government will confiscate land from individuals who have purchased more than 4,000 acres of industrial zone land without operating businesses there.