Saturday, January 21, 2017
The Myanmar Times
The Myanmar Times

Real estate agents pin foreign investment hopes and tax consistency on new policy

Anticipation is building in many sectors ahead of a workshop in Nay Pyi Taw this weekend, where the government has invited business leaders to discuss the new rules governing investment and how this will mesh with the long-awaited economic policy.

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Property brokers eye offshore condo sales

Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment.

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Socialist-era public housing in Yankin in line for an upgrade

Yankin's Socialist-era public housing is targeted for demolition, with damaged and poorly maintained buildings set to be cleared in order to make way for modern housing developments.

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Construction and housing bank to extend duration on lending for low-cost housing

Low-cost housing residents who have borrowed to buy their homes could be given nearly twice as long as they expected to pay back their loans, a leading bank has announced.

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Condominium by-laws delayed with govt targeting completion by year’s end

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say.

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Developer plans lawsuit after YCDC changes design plans

A Yangon high-rise developer says he is planning to sue Yangon City Development Committee for K50 billion (US$39.9 million) in compensation after YCDC instructed him to reduce the number of floors on a residential project.

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High-rise committee gives Sule Square green light

The Committee for Quality Control for High-rise Building Projects (CQHP) has finished its inspection of Sule Square commercial complex and sent a formal approval to Yangon City Development Committee yesterday.

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Start-up takes on moneylenders with short-term microfinance loan options

Myanmar’s moneylenders have a captive customer base of poor households unable to access traditional bank or microfinance services. But a Yangon-based start-up is working on a system to offer small short-term loans that can compete directly with local loan sharks.

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