Friday, February 12, 2016
The Myanmar Times
The Myanmar Times

Mortgage loan system key for addressing housing demand

Thousands of people in Yangon want a home of their own – and a system of mortgage loans would enable potential buyers to see their dream come true, housing industry experts say.

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Jade miner turns hand to Yangon condo

Nay Min Kabar Gems & Jade Mining Company has made its debut in the real estate sector, launching a mid-range condominium in Yangon through its subsidiary Green Development.

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Hope yet for Nay Pyi Taw’s real estate market

Real estate agents say they hope Nay Pyi Taw’s “sluggish” property market will pick up as the new government takes the reins early next year.

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Construction body calls for reform to opaque tendering process

For many years, large areas of land in Yangon have been handed over to well-connected companies for development, with little or no public information about the terms of the deals, and no space for smaller businesses to compete, said an industry body.

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Mandalay real estate agents hope for stable market

Some veteran estate agents in Mandalay said they would rather see a steady market, when the new government takes office next year, than surging prices.

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Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay.

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Shwe Taung launches $300m project in downtown Yangon

Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to emerge as a viable partner in the eyes of many international investors.

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YCDC’s e-gov spend to reach K2.35b over four years

Yangon City Development Committee spending on e-government projects across the four financial years from 2012 to 2016 will total K2.35 billion, said U Aung Win Myat, an IT consultant for YCDC.

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