The Myanmar Times
Saturday, 02 August 2014
The Myanmar Times
The Myanmar Times

Zone plan falling back

The Yangon zoning plan is behind its originally completed target date, as consultations are set to stretch into June.

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Finding room to grow

It’s rare to find a sprawling house in Yangon, but this Ahlone compound could be just the thing for someone who is looking to spend US$12,000 per month. 

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Changing faces of Chinatown’s property

The property market in Yangon’s Chinatown is rapidly changing, as its streets become famous for late-night beer shops and a range of stores popular among foreign tourists, expats and Myanmar people alike.

 

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IRD eyes income tax from property rentals

Yangon aims to increase the number of people paying taxes on income generated from rental properties, according to Ministry of Finance Internal Revenue Department (IRD) spokesperson U Hla Htay Oo.

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Idle industrial land draws ministry ire

Industrial land is too often not developed, instead falling into the hands of land speculators, according to deputy industry minister U Thein Aung.

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Bridge on Hlaing river ups land prices

Bridge construction to Hlaing Tharyar township in western Yangon aimed at easing traffic congestion is also driving up property prices. 

 

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Executive living: helipad provided

High-end Kabar Aye Executive Residence, designed to withstand both earthquakes and rainstorms, will feature a rooftop heliport to beat the traffic in case of “medical emergencies”.

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Condominiums not covered by Condo Law

Nearly all of Yangon’s recently constructed “condominiums” may not quality as condominiums under the draft Condominium Law, according to YCDC engineering deputy director U Nay Win.

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