Bangkok; Hua Hin. According to the previous agreement, landowners will retain 80 percent of the original land located within the project area with the remaining 20pc being compensated in Kyeemyindaing township. Nine out of 15 eligible organisations have paid the Request for Proposal (RfP) fee which allows them to access documents related to investing in the first phase of the New Yangon City Development project, according to the Ministry of Investment and Foreign Economic Relations. NYDC announced the development of New Yangon City project last year. The project is waiting for approval from the central government. At a meeting with journalists from China and Southeast Asia earlier this year, the company stated that job … Expressions of Interest for the NYDC Challenge must be submitted by February 28. To see the original article click link here. North Island; South Island; Singapore. Colliers International backs call for more foreign investment in Myanmar, South holds key to Yangon's smart city aspirations - Colliers, New tourism strategies needed from Government - Colliers, Keep the conversation going with Mingalar via our free newsletter, Keep the conversation going with RETalk Asia via our free newsletter. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. It includes two bridges, roads, power plants, water and wastewater treatment plants and a 10-square-kilometer industrial estate, and is expected to generate 2 million jobs. It is the Committee’s objective to apply a structured and transparent process with the aim of encouraging the … Pre-qualified companies will be invited to in-depth discussions for selection to undertake the first step of the NYDC Challenge. November 23, 2020 by Thiha Nine out of 15 eligible organisations have paid the Request for Proposal (RfP) fee which allows them to access documents related to investing in the first phase of the New Yangon City Development project, according to the Ministry of … The committee's chairman also acts as the city's mayor. The project is being executed by the New Yangon Development Company (NYDC), which is wholly owned by the Yangon regional government. U Serge Pun has said that neither himself nor Yoma Strategic Holdings were informed of BYMA’s interest in receiving the RFP documents. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';fnames[5]='BIRTHDAY';ftypes[5]='birthday';}(jQuery));var $mcj = jQuery.noConflict(true); Copyright © 2021 — Consult-Myanmar Co Ltd, Myanmar Co Reg No: 100066009, • All rights reserved. It has a 49% stake in the Golden Land Real Estate venture, with the remaining held by Uni Global Power and Myanmar’s Nature Link. It came under fire for doing so without calling a tender. Does social media have a role in selling homes? ASRock Inc. and Yangon Development Co., Ltd. cooperate the Launching of ASRock 9 Series motherboard in Sule Shangrila Hotel, Yangon, with CoolerMaster and Philips’s sponsorships. U Phyo Min Thein has announced he is not seeking re-election for the 2020 polls. After expressions of interest are submitted, NYDC will select a company to undertake a feasibility study and prepare the Pre-Project Documents (PPD) at its own cost to be publicized for competitive tender bids. The Yangon regional government-owned New Yangon Development Company (NYDC) signed an agreement with CCCC in 2018 to draw up a proposal for the first phase of the project, worth US$1.5 billion (about 2 trillion kyats). A company will be selected to undertake preliminary works and feasibility studies to prepare the Pre-Project Document (PPD) at its own cost. NYDC publicizes the entire contents of the agreement and allows any qualified party to challenge the agreement with better terms on the basis that it strictly adheres to the terms and conditions of the agreement. 0. New Yangon Development Company has invited companies to contribute to the development of New Yangon City as part of the NYDC Challenge. The first phase of the project will use 20,000 acres of land on the western bank of the Yangon River and is estimated to cost more than $1.5 billion. Chief Executive Serge Pun said it was the responsibility of the government to make sure that Myanmar people "have opportunities to improve their living standards and escape from poverty through employment". Myanmar (English pronunciation below; Burmese: မြန်မာ) or Burma, officially the Republic of the Union of Myanmar, is a country in Southeast Asia. Condominium Law to 'revive' buyer interest? New Yangon City Project (Burmese: ရန်ကုန်မြို့သစ်စီမံကိန်း; abbreviated NYDC) is a major urban planning project was proposed by the Yangon Region Government, led by chief minister Phyo Min Thein in 2019. • Privacy Policy • Disclaimer, Singapore Business Federation’s Networking Session in Yangon, Import office equipment and service related equipment, Development Zone for Tax Exemption under MIL, Restricted Investment Activities under MIL, Restricted areas for foreigners and tourists in Myanmar, Business Chambers and Associations in Myanmar, The Inside Story of Thailand and Myanmar’s Troubled Dawei Mega-Project, Infrastructure, agriculture sectors at risk of slower investments, No disruptions to Korea-backed industrial park in Yangon, Kirin Scraps Joint Venture With Myanmar Military-Owned Firm After Coup, Myanmar to continue efforts to support economy amid COVID-19, China Communication and Construction Company, https://www.youtube.com/watch?v=xkPm2XpaAzc, https://www.youtube.com/watch?v=9uJ1wIkICYs. New Yangon City (NYC) is a 20,000 acre development to the west of Central Yangon across from Kyee Myin Daing. YANGON/BANGKOK -- On Feb. 1, Myanmar's military detained State Counselor Aung San Suu Kyi and President Win Myint in the country's first coup since 1988, bringing an end to a … To learn more about the latest Travel Restrictions affecting all travelers entering Myanmar due to the COVID19 Pandemic, click here, #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } Macroeconomics and Risk. It is expected that the New Yangon City project will create two million new jobs. 114946508) invites … According to the NYDC, the finished project is expected to accommodate over three million residents and create two million jobs. The new area will be built on around 8,000ha of agricultural land on the opposite bank of the river from Yangon. Advised TPDL, as transaction counsel, on its establishment as a joint venture company between Perennial MTP Pte. Read more ». ရန်ကုန်မြို့သစ်စီမံကိန်းအိမ်ခြံမြေရောင်းဝယ်ရေး New Yangon City Real Estate. Deadline for expressions of interest is February 28. If we were to take a look back at the New Yangon City Development Master Plan (hereinafter referred to as the Yangon City Project), one will find that it is directly linked to China’s mega-infrastructure project that is the One Belt One Road (OBOR). 1. The beginning of this year's challenge comes almost a year after the Yangon regional government launched the NYDC to be incorporated under the Special Companies Act. Consult-Myanmar Co Ltd, Myanmar Co Reg No: 100066009. The New Yangon City is set up to address the challenges faced by the city due to the rise in population, urban infrastructure and to provide opportunities for economic development. ရန္ကုန္ျမိဳ႕သစ္ New Yangon. Economy and Trade. New Yangon Development Company has invited companies to contribute to the development of New Yangon City as part of the NYDC Challenge. New Yangon Development Company New Yangon City, Real estate joint ventures yangon Myanmar. The planned area for New Yangon City. Real Estate Company. Yangon; New Zealand. NYDC announced the development of New Yangon City project last year. U Serge Pun further pledged not to support any bids involving the project by any company under his control to address the issue of any potential conflict of interests. Golden City has nearly 280,000sqm of floor area in its 33-story towers in Yangon’s upscale Yankin Township. A long-stalled Yangon “new city” development project is moving forward again, with a development company involving Mr Serge Pun and former Singaporean foreign minister Mr George Yeo set to relaunch the project later this month. Yangon City Development Committee (Burmese: ရန်ကုန်မြို့တော် စည်ပင်သာယာရေး ကော်မတီ, abbreviated YCDC) is the administrative body of Yangon, the largest city and former capital of Myanmar (Burma). */. The project is waiting for approval from the central government. YANGON – New Yangon Development Company chief executive officer Mr Serge Pun has defended the government’s role in the multi-billion-dollar project, saying its only ambition is to attract private sector investment. . Thailand among countries suffering the highest tourism loss from pandemic. Ray International Real Estate Group. Malaysia’s economy to take a deep hit from emergency declaration. Local Business. Meagre increases in serviced apartment occupancy, Get to know Alexander Bohusch - Luther (Attorney-at-Law), Myanmar National Elections and Property Market in the age of Covid-19. NYC is phase 1 of a broader development vision that will stretch down to the Yangon Special Economic Zone (Yangon … You must have JavaScript enabled to use this form. E.g. Business. Three companies each from Myanmar and France and one each from Singapore, Taiwan and India paid the RfP fee for the project, which covers developing an industrial park and essential supporting infrastructure under a Swiss challenge against China Communications Construction Company. According to BYMA, their interest in receiving the RFP documents is not to bid but to have a better understanding of the urban development vision of the Yangon city project,” he said. /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. The developer, New Yangon City Development (NYDC), signed an agreement with China Communications Construction Company (CCCC) to prepare detailed PPD for two bridges, roads, power plants, water and wastewater treatment plants and a 10-square-kilometre industrial estate. Interest. The company will be chaired by Daw Nilar Kyaw, the Yangon Region’s minister for electricity, industry, transport and communications. Seoul; Thailand. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. New Yangon Development Company Limited. YANGON—The CEO of the company slated to develop the controversial New Yangon City project on the west bank of the Yangon River says he is hopeful that the project will commence this year and that he believes there will be no changes to the project plans, despite Myanmar and China’s economies facing significant slowdowns due to the COVID-19 pandemic. Yangon City Development Committee secretary Daw Hlaing Maw Oo will … New Yangon City Development Company (NYDC) announced on Wednesday that Yangon Deputy Mayor U Soe Lwin has assumed the role of chairman, replacing Daw Nilar Kyaw. Phase one of the new city will see 20,000 acres west of downtown Yangon transformed “into an urban industrial district”, the company … The New Yangon Development Company Limited (NYDC) is an entity incorporated under the Special Companies Act and was established to undertake the development of the New Yangon City.NYDC is 100% owned by the Yangon Regional Government and tasked to develop 20,000 acres of land west of central Yangon across from Kyeemyindaing as a Phase I into an urban industrial district that will … develop another 11 new industrial parks across the Yangon Region. The new area will be built on 20,000 acres of agricultural land on the opposite bank of the river from Yangon. The expressions of interest deadline for the New Yangon Development Company Challenge is fast approaching, with submissions to close on February 28. NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. A company will be selected to undertake preliminary works and feasibility studies to prepare the Pre-Project Document (PPD) at its own cost. “The tendering process for Package 1 adheres to the Swiss Challenge process and is headed by a global third-party consultant, Roland Berger, and they are guided by the Swiss Challenge Tender Committee. How NYDC Develops New Yangon City Sustainably, Stay tuned to the details of the NYDC pre-project documents. This year's New Yangon Development Company Challenge is underway in Myanmar, with expressions of interest about to close for New Yangon City's Phase One infrastructure projects. It consists of 20 departments, with headquarters in the Yangon City Hall. Advised NYDC, a company established by the Yangon Regional Government, as transaction counsel, on the $1.5bn phase 1 development of the New Yangon City in the western Yangon region of Myanmar. Since the “new city” will be built at a location able to easily access the sea, it is one of the most important routes for OBOR. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc. It is expected that the New Yangon City project will create two million new jobs. New Yangon City project is a major urban planning project proposed by the Yangon region government, led by Chief Minister U Phyo Min Thein. By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from Mingalar Real Estate Conversation and Williams Media. The New Yangon Development Company Limited (NYDC) is an entity incorporated under the Special Companies Act and was established to undertake the development of the New Yangon City. NYDC is a special company incorporated by the Yangon region government in March 2018 to undertake the development of the Yangon New City as a … The grand vision of Yangon’s regional government, which created the New Yangon City Development Company (NYDC) in March last year to partner with a … Myanmar kicks out Thai company involved in special economic zone development. 494. Designed in accordance with the Swiss Challenge method, the initiative allows private companies to assist with the development of New Yangon City. Real Estate Company. According to the NYDC website, should a second party challenge with a lower bid, the first party will be allowed to match the offer or forego, in which case the second party will be awarded the contract. New Yangon Development Company Limited (Registration No. The involvement of BYMA Myanmar in the RfP process has raised concerns over conflict of interest given that it is partially owned by Yoma Strategic Holdings, a Singapore-listed company controlled by U Serge Pun, who is also CEO of the government-funded New Yangon Development Company, which manages the project.U Serge Pun has since clarified that Yoma Strategic is not involved in the management BYMA Myanmar, a joint venture between Dragages Singapore, which is a subsidiary of Bouygues Construction and SPA Project Management, a subsidiary of Yoma Strategic. All. The companies are: BES Engineering Corporation Taiwan, BYMA Myanmar Ltd from France, Dragon Power Company Ltd from Myanmar, EDF HQ Singapore, Myanmar National Brotherhood Consortium, NTPC Ltd from India, Nylect Technology (Myanmar) Ltd from Singapore, Southern Metal Industry Co. Ltd Myanmar and SUEZ Group from France.The RfP documents must be submitted by January 18, 2021. New Yangon City Development (NYDC), the regional government-owned developer led by its CEO Serge Pun, signed an agreement with China Communications Construction Company (CCCC) to prepare “pre-project documents” for a raft of infrastructure proposals. Source: New Yangon Development Company. According to its website, the company was established in 1980 and Golden City was its only project. Myanmar is bordered by Bangladesh and India to its northwest, China to its northeast, Laos and Thailand to its east and southeast, and the Andaman Sea and the Bay of Bengal to its south and southwest. Click here for more information about the challenge. Under the process, the initial development proposal drawn up by the Beijing-based China Communications Construction Co. Ltd. (CCCC). Markets. The New Yangon City. The Yangon regional government has started providing substitute land to original landowners as compensation for land acquired for the New Yangon City Project on October 8. New Yangon City Development Project has received 16 Expressions of Interests (EOI) submitted by companies and consortiums from nine countries in the Swiss Challenge for the first package of works launched on October 15, 2020, by the Swiss Challenge Tender Committee. Contact. Arguments arising from the management and distribution of land for the Yangon City Project also seem inevitable as CEO Theim Wei (aka Serge Pun) of the New Yangon Development Company (NYDC) had, with agreement from the government, had set the price of land marked for the Yangon City Project at a rate of five dollars per square meter, similar to the rate Japanese enjoyed for … Owned entirely by the government, the NYDC invites local and foreign entrepreneurs as third parties to invest in the new city project, which is primarily based on a Public-Private Partnership (PPP) model, with businesses contributing in equity investments. Siam Real Estate - Hua Hin. Deadline for expressions of interest is February 28. In the time of Yangon Region Chief Minister U Phyo Min Thein, the region government established New Yangon Development Company and signed the framework agreement with Chinese government-owned China Communications Construction Company Ltd (CCCC) … 2014 ASRock 9 Series Product Launching. Raymond Chow; South Korea. Join the Myanmar real estate conversation. ... New Yangon Development Company New Yangon City.
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