Wednesday, July 26, 2017

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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Sales rise in Yangon property market

Amid signs that the long freeze in the property market may be finally warming up, Yangon real estate agents are reporting a rise in transactions over the past few months. Since June, business has been up about 30 percent, they say.

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Low-cost flippers face blacklisting

People caught buying and re-selling low-cost government housing for profit will be blacklisted, according to an official from the state-supported Construction and Housing Development Bank (CHDB).

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Myanmar housing bank hoping for international loans to fund lending

The Construction and Housing Development Bank is hoping to secure low-interest loans from Japanese and Korean banks, which will allow it to offer its own low-interest financing schemes for Myanmar homebuyers.

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Green light for Southwest New City project?

A tentative green light has been given for the development of Yangon’s Southwest New City – but the regional government says it will exercise strict control to keep out land speculators.

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Public company to build government housing project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon.

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Mandalay publishes property tax brackets

It's official – Billionaires’ Row in Mandalay is between 81st and 84th streets.

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Myanmar property investors look overseas

Wealthy Myanmar property investors are showing more appetite for foreign purchases, according to KAE Alliance real estate, which has sold 20 foreign properties to local buyers this year.

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