More old Rangoon buildings on the market
Another four historical state-owned buildings in Rangoon are on the real estate market to be used as possible hotels to help boost Rangoon’s room shortage.
The
former office of the Immigration and Manpower Department (next to
Rangoon City Hall) has undergone major renovation. Many old government
office buildings, mostly built during the British colonial era, are
being renovated in Rangoon by private construction companies. Currently,
the Ministers’ Office building, the Hotel and Tourism office building,
the Immigration and Manpower Department building, the Myanmar Oil and
Natural Gas building and the Border Trade Office building are all
undergoing improvements. Photo: Mizzima
The properties include the Ministry of Hotels and Tourism office at the corner of Sule Pagoda Road and Mahabandoola Street, the three-story Myanma Oil and Gas Enterprise building on Merchant Street, the four-story Trade Corporation building on Bo Sun Pat Street and a four-story building at the corner of Merchant Street and Mahabandoola Street that was formerly the office of Export and Import Department.
A vacant 17.17-acre block in Hmantan quarter, Amarapura Township, in Mandalay Region, is also on the bid block, a ministry spokesperson told the newspaper.
The deal comes with a 30-year lease with the possibility of two 15-year extensions. The terms and conditions do not allow the original structure and architectural features of the buildings to be changed.
According to MIC, Manawhar Artist Group won the tender for the former Secretariat building, and Thein Tun of the Htoo Foundation acquired the old High Court building.
The Yangon Region Government Office and Myanmar Railways buildings have been acquired by two unidentified local engineering firms, while Youth Force Company acquired the former Foreign Minister’s Office on Pyay Road for use as serviced apartments.
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