Sunday, January 22, 2017
The Myanmar Times
The Myanmar Times

Property market health hinges on instalment lending

Unless lenders can help make housing more widely available through instalment plans 10 years or longer the property market will remain weak this year, say Yangon developers, but banks show little sign of being willing to extend their financing schemes.

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Local firm launches module housing

Local firm Treasure Triangle Company has launched a range of pre-fabricated module homes for anyone that wants to option to move house but take their home with them.

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Construction industry asks for tax cut ahead of Condo law

The Myanmar Construction Entrepreneurs Association (MCEA) has presented a proposal to the authorities which would dramatically lower the tax home buyers pay when purchasing properties governed by the Condominium Law, which is expected to come into force in January.

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Nominations start for Myanmar property awards

The Asia Property Awards (APA) will hold its third annual Myanmar awards ceremony in June next year, with the window now open for people to nominate their favourite hotels, renovation projects and real estate personality.

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Real estate organisations lament being left off Condo law consultation

Yesterday was the final day for the public to submit comments on the draft rules and regulations that will accompany the long-awaited Condominium Law passed in January. But several real estate industry bodies are angry they were not sent a copy of the proposed rules and were therefore unable to make suggestions.

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Thanlyin low-cost housing planned

Yangon's Thanlyin township is set to get some new low-cost housing, with the Department of Urban and Housing Development planning to partner with private contractors.

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Affordable housing projects affected as funds dry up

In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say.

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Yangon chief minister hints at private contractor collaboration

Contractors have extended a cautious welcome to comments from Yangon Chief Minister U Phyo Min Thein that the region government has a plan to coordinate with private contractors to build low-cost and affordable housing, but want the government to make its policy transparent and clear.

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