{"id":29461,"date":"2016-10-11T14:25:52","date_gmt":"2016-10-11T07:25:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bridge-that-will-change-yangons-real-estate-landscape\/"},"modified":"2016-10-11T14:35:01","modified_gmt":"2016-10-11T07:35:01","slug":"the-bridge-that-will-change-yangons-real-estate-landscape","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bridge-that-will-change-yangons-real-estate-landscape\/","title":{"rendered":"The bridge that will change Yangon\u2019s real estate landscape"},"content":{"rendered":"


\nRoads and other infrastructure projects from the Myanmar government and foreign entities will diversify growth around\u00a0the country\u2019s largest city
\nPedicabs at Dala township in Myanmar. maodoltee\/Shutterstock
\nWith the right infrastructure projects, and a little help from the World Bank, property growth could radiate from its present concentration in downtown Yangon and onto the city\u2019s\u00a0outskirts, real estate experts told\u00a0the Myanmar Times.
\nMost notable among these projects is a bridge that would connect Lanmadaw township in downtown Yangon to Dala township. Costing USD168.2 million, the bridge will receive financing from Myanmar\u2019s construction ministry as well as the South Korean government through its Economic Development Cooperation Fund. Construction is reportedly set to start next year.
\n\u201cMany speculators are interested in investing on the outskirts of Yangon these days,\u201d U Aung Thu, a real estate agent in Dala township, told the Times. \u201cIn the past there was no interest because there wasn\u2019t a bridge joining these townships to Yangon.\u201d
\nMore: What the lifting of US sanctions means for Myanmar\u2019s property market
\nNew roads have also propelled investor interest in Kawhmu township, real estate agent Ko Kyaw Naing told the Times. \u201cIn the past, it could take one day to get to downtown Yangon because there were no concrete roads. Now it\u2019s down to three hours and if we get the Dala bridge it will be 30 minutes from Kawhmu township.\u201d
\nThe World Bank is also set to drive more real estate opportunities into the fringes of Yangon. Through its National Community Driven Development initiative, the institution will fund and provide technical assistance to infrastructure projects in townships across Myanmar.
\n\u201cThe land in these underdeveloped townships has potential for high demand, but the land price has not gone up in line with other areas,\u201d U Aung Thu told the Times.
\nBridges have galvanised growth of townships around Yangon. The recent completion of a 250-metre bridge linking downtown Yangon to Kyauktan has sparked migration to the township.
\nRead next: Myanmar marine tourism gaining luxury reputation
\n
\nSource : property-report.com
\nRead more…The bridge that will change Yangon\u2019s real estate landscape<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Roads and other infrastructure projects from the Myanmar government and foreign entities will diversify growth...<\/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-29461","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\/p75ss1-7Fb","jetpack-related-posts":[{"id":26632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-residents-are-moving-to-this-myanmar-township\/","url_meta":{"origin":29461,"position":0},"title":"Why residents are moving to this Myanmar township","date":"September 20, 2016","format":false,"excerpt":"\r Prosperity is spreading even to the country\u2019s rice-growing communities Travelers have to cross the muddy river to get to the Ye Le Paya pagoda, a tourist spot in Kyauktan township. 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Serge Pun, executive chairman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/illegal-foreign-owned-property-in-yangon-must-cease-says-mp\/","url_meta":{"origin":29461,"position":3},"title":"Illegal foreign-owned property in Yangon must cease, says MP","date":"October 6, 2016","format":false,"excerpt":"\r Myanmar\u00a0government official rails against foreign real estate\u00a0investors Yangon\u2019s downtown business district. 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":13350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yangon-to-host-inaugural-property-report-congress-myanmar\/","url_meta":{"origin":29461,"position":4},"title":"Yangon to host inaugural Property Report Congress Myanmar","date":"May 17, 2016","format":false,"excerpt":"\r PropertyGuru\u2019s high-level conference debuts in\u00a0one of Asian real estate\u2019s \u201clast frontiers\u201d Image credit: Exoticvoyages.com Property Report, Asia\u2019s leading luxury real estate, architecture and design publication, will bring for the first time the successful real estate networking conference Property Report Congress Myanmar to the Sule Shangri-La Yangon on Thursday, 30\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18122,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-predictions-for-yangon-real-estate-in-2016\/","url_meta":{"origin":29461,"position":5},"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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