The Myanmar Times
The Myanmar Times

Construction and housing bank to extend duration on lending for low-cost housing

Low-cost housing residents who have borrowed to buy their homes could be given nearly twice as long as they expected to pay back their loans, a leading bank has announced.

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Condominium by-laws delayed with govt targeting completion by year’s end

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say.

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Developer plans lawsuit after YCDC changes design plans

A Yangon high-rise developer says he is planning to sue Yangon City Development Committee for K50 billion (US$39.9 million) in compensation after YCDC instructed him to reduce the number of floors on a residential project.

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High-rise committee gives Sule Square green light

The Committee for Quality Control for High-rise Building Projects (CQHP) has finished its inspection of Sule Square commercial complex and sent a formal approval to Yangon City Development Committee yesterday.

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Start-up takes on moneylenders with short-term microfinance loan options

Myanmar’s moneylenders have a captive customer base of poor households unable to access traditional bank or microfinance services. But a Yangon-based start-up is working on a system to offer small short-term loans that can compete directly with local loan sharks.

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YCDC threaten to take action against Mya Kyun Thar developers

Yangon City Development Committee (YCDC) has threatened to take action against those companies who do not cease construction and resubmit their proposals on developments at parkland beside the city’s Inya Lake.

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Be wary of rise in land speculation: experts

One of Myanmar’s leading real estate industry bodies has warned that speculation is driving up land prices in some corners of the market, as buyers turn to property to make a quick buck.

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Agents see property growth in outer city

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships.

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