The Myanmar Times
Saturday, 23 August 2014
The Myanmar Times
The Myanmar Times

Capital hotels frustrated by ministry recommendations

Government ministries steering visitors to Nay Pyi Taw towards newly built hotels in the state-guesthouse hotel zone is making it difficult for other hotels to attract guests, hoteliers say.

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Traders rebrands Yangon hotel to Shangri-La name

Yangon landmark Traders Hotel re-branded to Sule Shangri-La Yangon last week following two-and-a-half-years of renovations.

 

 

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Mystery project spikes ward’s prices

Property prices have soared in Yangon’s Sanpya Phasa Pa La Ward as the appearance of soil testers sparked rumours of an impending large-scale buyout plan by international firms keen to re-develop the area.

 

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Land near Thilawa sees steep increase

A lack of buyers has not stopped asking prices for land around Thilawa SEZ from continuing their upward trajectory, according to real estate agents.

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Transaction tax relief spurs Yangon buying spree

Reductions in property taxes have done little to encourage more tax payments but have helped heat up the Yangon market, say realtors.

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YCDC looks to curb high-rises as developers push back

A zoning map of Yangon city has been drawn up for discussion among construction professionals, with YCDC hoping to have the plan submitted to the Yangon Region Hluttaw later this year.

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New East Dagon property market continues to climb

The price of land located near key roads in New East Dagon has doubled since last October, and are set to soar further over the next few months, say brokers.

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Nay Pyi Taw property sees resurgence

Nay Pyi Taw’s flailing property market is showing signs of rebirth as cautious interest from residential buyers and industrial investors gathers momentum, industry players said.

 

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