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In Pictures: Booming Yangon
As Myanmar's biggest city becomes more attractive to investors, the poor are squeezed by rising cost of living.
Last updated: 27 Feb 2014 12:44
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Yangon, Myanmar - The commercial capital of Asia's second-poorest country is the sixth-most expensive city in southeast Asia.

Ever since the once-shuttered country opened up to foreign investors, aid groups and businessmen have clambered to gain a foothold in Yangon. The new arrivals have created a property shortage.

Affordable housing is being torn down, replaced by high-rise condominiums and office buildings. Rents have quadrupled in recent years, while local wages remain depressingly low for many.


/Brennan O\'Connor/Al Jazeera
Yangon is the sixth-most expensive city for expatriates to live in the ASEAN bloc.


/Brennan O\'Connor/Al Jazeera

High-rise buildings to accommodate an increase in business in the country's commercial capital are replacing affordable housing.



/Brennan O\'Connor/Al Jazeera
About one-third of children under five are malnourished.


/Brennan O\'Connor/Al Jazeera
Many spend at least half their salary putting food on the table.


/Brennan O\'Connor/Al Jazeera

Forty percent of Yangon's five million people are "poor or extremely poor", according to the United Nations agency for human settlements (UN-HABITAT).



/Brennan O\'Connor/Al Jazeera
Transportation costs in Yangon have risen since the country opened up.


/Brennan O\'Connor/Al Jazeera
Myanmar President Thein Sein still has to make good on promises he made to reduce the national poverty rate to 16 percent by 2015.


/Brennan O\'Connor/Al Jazeera
Eighty-nine percent of the population is Buddhist.


/Brennan O\'Connor/Al Jazeera

Estimates indicate Yangon's population will double to 10 million over the next 20-25 years, exacerbating housing shortages.



/Brennan O\'Connor/Al Jazeera
The government pays these city workers about $2 a day to sweep the streets. A minimum wage law has been approved in Myanmar, but the exact rates still need to be determined.



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images:
/mritems/images/2014/2/26/20142268153640979_8.jpg;*;/mritems/images/2014/2/26/20142268155905863_8.jpg;*;/mritems/images/2014/2/26/20142268157796379_8.jpg;*;/mritems/images/2014/2/26/20142268151015217_8.jpg;*;/mritems/images/2014/2/26/201422681512390509_8.jpg;*;/mritems/images/2014/2/26/20142268151515474_8.jpg;*;/mritems/images/2014/2/26/20142268151915899_8.jpg;*;/mritems/images/2014/2/26/201422681521546119_8.jpg;*;/mritems/images/2014/2/26/20142268152446587_8.jpg;*;/mritems/images/2014/2/26/201422681525109269_8.jpg
captions:
Yangon is the sixth-most expensive city for expatriates to live in the ASEAN bloc.;*;

High-rise buildings to accommodate an increase in business in the country(***)s commercial capital are replacing affordable housing.

;*;About one-third of children under five are malnourished.;*;Many spend at least half their salary putting food on the table.;*;

Forty percent of Yangon(***)s five million people are "poor or extremely poor", according to the United Nations agency for human settlements (UN-HABITAT).

;*;Transportation costs in Yangon have risen since the country opened up.;*;Myanmar President Thein Sein still has to make good on promises he made to reduce the national poverty rate to 16 percent by 2015.;*;Eighty-nine percent of the population is Buddhist.;*;

Estimates indicate Yangon(***)s population will double to 10 million over the next 20-25 years, exacerbating housing shortages.

;*;The government pays these city workers about $2 a day to sweep the streets. A minimum wage law has been approved in Myanmar, but the exact rates still need to be determined. Daylife ID:
d61e2c6443b61f3cf1c845e79414c69d
Photographer:
;*;;*;;*;;*;;*;;*;;*;;*;;*;
Image Source:
Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera;*;Brennan O\'Connor/Al Jazeera
Gallery Source:
Daylife
Daylife Raw Data:
Yangonhttp://aljazeera.galleries.newscred.com/gallery/Yangonen-ussupport@newscred.comUntitled Site10Wed, 26 Feb 2014 08:02:40 GMT http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/21c3f5f97abfee487e7f11543714f527

Yangon is the sixth-most expensive city for expatriates to live in the ASEAN bloc.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/21c3f5f97abfee487e7f11543714f527Brennan O'Connor/Al Jazeera

Yangon is the sixth-most expensive city for expatriates to live in the ASEAN bloc.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/b7a3ff2f0888193f2d8a33ba663dacec

High-rise buildings to accommodate an increase in business in the country's commercial capital are replacing affordable housing.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/b7a3ff2f0888193f2d8a33ba663dacecBrennan O'Connor/Al Jazeera

High-rise buildings to accommodate an increase in business in the country's commercial capital are replacing affordable housing.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/ac6c0225a2e5218e6af9598d2632f8be

About one-third of children under five are malnourished.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/ac6c0225a2e5218e6af9598d2632f8beBrennan O'Connor/Al Jazeera

About one-third of children under five are malnourished.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/a2ed6a7987d4bafb605bbeaa1501c933Many spend at least half their salary putting food on the table.http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/a2ed6a7987d4bafb605bbeaa1501c933Brennan O'Connor/Al Jazeera Many spend at least half their salary putting food on the table. http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/af9e1fb7aae22ad6f77807afd0dc21a8

Forty percent of Yangon?'s five million people are ?poor or extremely poor,? according to the United Nations' agency for human settlements (UN-HABITAT).

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/af9e1fb7aae22ad6f77807afd0dc21a8Brennan O'Connor/Al Jazeera

Forty percent of Yangon?'s five million people are ?poor or extremely poor,? according to the United Nations' agency for human settlements (UN-HABITAT).

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/df8b5f1f19a8105f62ad39dad665d7eaTransportation costs in Yangon have risen since the country opened up.http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/df8b5f1f19a8105f62ad39dad665d7eaBrennan O'Connor/Al Jazeera Transportation costs in Yangon have risen since the country opened up. http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/af1a32363143d28c620cfcffc27d63f7

Myanmar President Thein Sein still has to make good on promises he made to reduce the national poverty rate to 16 percent by 2015.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/af1a32363143d28c620cfcffc27d63f7Brennan O'Connor/Al Jazeera

Myanmar President Thein Sein still has to make good on promises he made to reduce the national poverty rate to 16 percent by 2015.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/c9f5d04d6b471ba8ab52d49308c1082b

Eighty-nine percent of the population is Buddhist.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/c9f5d04d6b471ba8ab52d49308c1082bBrennan O'Connor/Al Jazeera

Eighty-nine percent of the population is Buddhist.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/7c5200cfd14f39aa58c80a9f16eb4e89

Estimates indicate Yangon?'s population will double to 10 million over the next 20-25 years, exacerbating housing shortages.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/7c5200cfd14f39aa58c80a9f16eb4e89Brennan O'Connor/Al Jazeera

Estimates indicate Yangon?'s population will double to 10 million over the next 20-25 years, exacerbating housing shortages.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/e1f0d5baf3a01e88050102ab5491dd6a

The government pays these city workers about $2 a day to sweep the streets. A minimum wage law has been approved in Myanmar, but the exact rates still need to be determined.

http://aljazeera.galleries.newscred.com/gallery/Yangon/slideshow/no-caption/e1f0d5baf3a01e88050102ab5491dd6aBrennan O'Connor/Al Jazeera

The government pays these city workers about $2 a day to sweep the streets. A minimum wage law has been approved in Myanmar, but the exact rates still need to be determined.



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