Monday, February 08, 2016
The Myanmar Times
The Myanmar Times

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.

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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.

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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.

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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.

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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.

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Mandalay Convention Centre grand opening scheduled for June

The US$25 million Mandalay Convention Center (MCC) will be finished by the end of June, and officials hope to hold a grand opening that month.

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Real estate taxes to jump in coming fiscal year

Property taxes are set to jump in the coming fiscal year, after this year’s rock-bottom rates failed to jump-start the real estate market and caused tax revenues to plummet.

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Kayin government gives cautious green light to low-cost housing development

The Kayin State government has given a little-known company permission to build a major low-cost housing project near Hpa-an, after more than a year of due diligence.

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