Friday, May 27, 2016
The Myanmar Times
The Myanmar Times

Housing market prices starting to decline

Prices for standalone housing have started to drop, the latest sign that the real estate sector has entered a decline.

Continue reading »

Caution urged for Yangon BOT property sales

The sale of units in built-operate-transfer (BOT) housing developments has slowed almost to a standstill, as buyers grow increasingly wary of the risks, according to commentators.

Continue reading »

New City villagers hope for the bright lights of the big city

Villagers living in the area marked out for development to the west of Yangon have dreamed of urbanisation ever since their view of the city’s skyline began to change.

Continue reading »

Condo defaults forecast as the cash runs out

Off  plan sales of condominium units in Yangon have slowed this year, following a three year boom. As a result, some developers are likely to be left without enough money to continue to build and will be forced to default on their projects, which could further hurt market confidence, say experts.

Continue reading »

Confidence missing in Yangon New City

The Yangon Region government has issued a tender for the development of a new town project which would expand the city to the southwest, after parliament reapproved the temporarily-suspended project in June.

Continue reading »

Mandalay myothit charged higher taxes than downtown

The latest property tax assessments for the 2015-16 tax year have revealed that some areas of Mandalay’s myothit (“new town”), are more expensive than prime downtown locations.

Continue reading »

Compensation key for cancelled projects

The President’s surprise cancellation of the five developments near Shwedagon Pagoda on July 7 marked the culmination of a months-long protest movement to end the controversial projects.

Continue reading »

Speculators return to Dala as bridge plans firm up

The price of property and land in Dala has soared again, following government acceptance of a loan from South Korea to build a bridge linking the township to downtown Yangon.

Continue reading »