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

Stronger dollar hits detached housing market

Prices in the rental market for detached houses, which often function as home and office space for expat workers, have dropped sharply, according to real estate agents.

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Yangon ‘new cities’ passed on to NLD

The future of a highly ambitious and controversial plan to build seven “new cities” around the outskirts of Yangon will now be in the hands of the incoming government, due to repeated delays, officials said.

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President’s Office to grant ministry land to Shwedagon developers

The President’s Office will grant ministry-owned land in Yangon to five companies, as compensation for cancelling their projects beside Shwedagon Pagoda earlier this year, a senior official said.

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Elusive condo law on hold again

Prospects for the passage of the elusive Condominium Law have receded still further as a debate aimed at reconciling differences in the draft bill between the two houses of parliament was postponed, with no new date fixed.

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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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