Myanmar investors are to get a second chance to invest in Malaysia’s luxury property market. Singapore-based KAE Alliance is selling another set of units at the Paradiso Nuova luxury condo in Medini city, said Ko Naung Ko Ko Latt, the company’s sales consultant.
The Yangon region government expects to open its low-cost public housing development, Mahabandoola rental housing, in early June, according to an official with the Department of Urban and Housing Development (DUHD) under Yangon Region’s Ministry of Construction.
More supply and fewer foreign renters have caused rental prices in the high-end expat Yangon property market to fall, according to real estate industry figures – but a lack of data means the extent of the drop is hard to quantify.
Religious officials say they plan to press charges against Zaykabar Company, which sent uniformed men to destroy a religious building and insulted monks during the Thingyan holiday on a long-disputed plot of land in Yangon’s Mingalardon township.
Three developers will build 15,000 low-cost housing units on a large plot of government land in Yangon’s Dagon Seikkan township, as the new administration turns its attention to meeting a growing housing shortage in the commercial capital.