{"id":26632,"date":"2016-09-20T17:51:59","date_gmt":"2016-09-20T10:51:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-residents-are-moving-to-this-myanmar-township\/"},"modified":"2016-09-20T18:04:30","modified_gmt":"2016-09-20T11:04:30","slug":"why-residents-are-moving-to-this-myanmar-township","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-residents-are-moving-to-this-myanmar-township\/","title":{"rendered":"Why residents are moving to this Myanmar township"},"content":{"rendered":"


\nProsperity is spreading even to the country\u2019s rice-growing communities
\nTravelers have to cross the muddy river to get to the Ye Le Paya pagoda, a tourist spot in Kyauktan township. Benjaporn \/ Shutterstock.com
\nIt turns out downtown Yangon is not the only one benefitting from Myanmar\u2019s return to the world stage. More than 20 kilometres away, the township of Kyauktan is stirring from decades of inertia.
\nKyauktan township, home to the Ye Le Pagoda, is drawing residents to its real estate market, Myanmar Times reported. The construction of a new bridge as well as upcoming funding from the World Bank appear to be instrumental to such renewed interest.
\nLuxury housing can be found around the Thilawa SEZ, a 2,500-hectare special economic zone that straddles the townships of Kyauktan and Thanlyin, real estate agent U Aung Thein told the Times.
\n\u201cAfter some industries opened up in Thilawa, job opportunities increased there and people employed in those industries came to live in Kyauktan township,\u201d he said. \u201cThe township is becoming more prosperous as more people come to live here.\u201d
\nMore: Myanmar marine tourism gaining luxury reputation
\nBut while uptown Kyauktan is reportedly popular for detached housing and good public transportation, travel time to downtown Yangon has only diminished recently with the July construction of a 250-metre bridge over the Yangon River.
\nAn important part of Myanmar\u2019s rice-growing region, villages in Kyauktan township will receive World Bank funding, via the National Community-driven Development Project, for infrastructure development and repair.
\nThe Asian Development Bank has expected Myanmar\u2019s economy to grow by 8.4 percent this year, outpacing other countries in Asia and the Pacific.
\nRead next: The one thing keeping Myanmar real estate from blossoming is\u2026
\n
\nSource : property-report.com
\nRead more…Why residents are moving to this Myanmar township<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prosperity is spreading even to the country\u2019s rice-growing communities Travelers have to cross the muddy...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26632","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Vy","jetpack-related-posts":[{"id":18122,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-predictions-for-yangon-real-estate-in-2016\/","url_meta":{"origin":26632,"position":0},"title":"Top 10 predictions for Yangon real estate in 2016","date":"June 30, 2016","format":false,"excerpt":"\r We\u00a0divine what lies ahead for Myanmar\u2019s resurgent city Image credit: mmbiztoday.com Some real estate brokers have doubts that property prices in Yangon will return to peak levels seen in 2013 and 2014. 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Sean Pavone\/Shutterstock There are now \u201cover a hundred\u201d real estate businesses owned by foreigners in the Yangon Region of Myanmar this year and they are blatantly breaking the law, according to MP Win Maung of Hlaingthaya Township. \u201cSince\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-did-all-that-foreign-interest-in-the-myanmar-economy-go\/","url_meta":{"origin":26632,"position":3},"title":"Where did all that foreign interest in the Myanmar economy go?","date":"January 19, 2017","format":false,"excerpt":"\r The country posted relatively lacklustre economic growth in 2016 Sulepaya pagoda at Yangon. Boyloso\/Shutterstock Myanmar riveted the world\u2019s attention when it began embracing democratic processes in 2011, setting into motion the demise of decades-long junta rule. 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