Thursday, May 26, 2016
The Myanmar Times
The Myanmar Times

Myanmar property awards to be held in late June

Preparing for a revitalised Myanmar property market, the Myanmar Property Awards 2016 ceremony will take place in June at Yangon’s Sul Shangri-la hotel.

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Condo law could help reverse investment drop, says DICA

Foreign investors would look to the incoming government to create a reliable and welcoming environment, experts say. The speedy adoption of the long-delayed condo law, which would allow foreigners to buy Myanmar real estate, and the reform of investment legislation that favours Myanmar citizens over foreign investors were two of the steps cited that could be taken to reverse a recent decline in foreign investment.

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Farmers sign over land for Southwest New City

The tender awards for the Yangon Southwest New City project were awarded earlier this month, and local famers have signed over their land to developers, according to an official at one of the chosen firms.

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Malaysian condo sales launched in Myanmar

Apartments in a luxury condominium in Malaysia have gone on sale to buyers in Yangon for the first time, as international developers begin to test Myanmar’s demand for overseas property.

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Housing project prices spark public anger

The price of apartments in Myanmar’s largest housing development project, which will be sold to buyers later this year, has been met with anger from the public.

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Informal contracts risk bite buyers

Most property buyers are using informal contracts that fall short of transferring full legal ownership and fail to stand up in court, a senior official from the Internal Revenue Department (IRD) told The Myanmar Times.

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Construction market slumped in 2015 but property prices remain high

More investment companies are coming to Myanmar to answer the demand for luxury housing and office space. But although the sales prices for property remain high, the market cooled considerably in 2015, according to real estate experts.

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iMyanmarHouse returns with expo

Hoping to kick-start the property market in the New Year, iMyanmarHouse, a website for selling and renting accommodation, is launching its second “Biggest Property Expo” at Tatmadaw Hall from December 25 to January 2.

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