Monday, February 15, 2016
The Myanmar Times
The Myanmar Times

Budget falls well short of low-cost housing needs

The budget for building affordable housing over the coming year will cover just a fraction of Yangon’s housing requirements, while low-cost housing units remain too expensive for those most in need of accommodation.

Continue reading »

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday.

Continue reading »

Low-cost housing winners missing

Housing authorities have issued a call for 81 missing lottery winners who won the right to buy low-cost homes in Yangon’s Hlaing Tharyar township.

Continue reading »

New location for cancelled Shwedagon project

The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda.

Continue reading »

MIC flags Yangon condo built without approval

The Myanmar Investment Commission has accused a local developer of building a condominium in Yangon with a foreign partner without approval, while the developer says it does not need approval as the investment is entirely local.

Continue reading »

Mandalay realtors gloomy over new Union tax rates

Real estate agents in Mandalay say business is likely to be hurt by new higher tax rates that will take effect from April 1.

Continue reading »

Few ‘condos’ qualify under new law, say experts

The new condominium law – which will grant international buyers access to Myanmar’s real estate market for the first time – has been widely welcomed, but experts say just a handful of properties are initially likely to be eligible.

Continue reading »

Investors buy up land in Southwest Yangon New City

Real estate prices on the outskirts of Yangon are on the rise again as investors flock to buy land at the site of a controversial Southwest Yangon New City project and in Dala township, brokers say.

Continue reading »