China bids to bring Yangon into a modern age
Across the river from Myanmar’s colonial-era old capital of Yangon, low-slung shanties dot rice fields that extend into a bucolic rural distance.
But that could soon change if local property developers and their deep-pocketed Chinese backers build the Yangon New City Project, an ultra-modern design with glass tower high rises some here are already referring to as “Chinatown.”
The first phase of the mega-project will reportedly cover 8,000 hectares of land west of the Yangon river and will be led by the New Yangon Development Company Limited (NYDC).
