The Myanmar Times
Sunday, 30 August 2015
The Myanmar Times
The Myanmar Times

Fake land deeds causing trouble for real estate dealers

Fake documentation for land has spiked as the property market cooled this year, requiring land traders to slow deals and add expenses as they authenticate the deeds, according to Myanmar Real Estate Service Association general secretary Daw Moh Moh Aung.

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Ayeyarwady industrial zone plan delayed due to land status

An industrial zone planned for Maubin in Ayeyarwady Region is on hold because of problems rezoning agricultural land for non-agricultural purposes, according to U Aung Kyaw Min, a member of the board of directors of Maubin Development public company.

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Developers pile in to tender for Southwest New City

In a sign of renewed confidence in a controversial project, more than 50 companies have signalled their interest in developing Southwest New City. Regional government officials say all have bought tender forms in preparation for bidding to take part.

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Smaller apartments coming due to rules on space between buildings

Developers will need to construct new buildings further apart from existing structures according to new rules to begin next month.

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MIL buys equity stake in Apollo Towers

Apollo Towers raised US$30 million in equity from Myanmar Investments International Limited (MIL) on July 31, six weeks after receiving approval for a $250 million loan from the US government’s development finance arm, Overseas Private Investment Corporation (OPIC).

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No buying rush for Thanlyin after satellite city designation

Thanlyin township may be the future site of the third Yangon satellite city, but speculators are not buying in just yet.

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Condo Law impasse could spur new draft

The Pyidaungsu Hluttaw will resume discussion of a controversial draft Condominium Law on August 10, according to Amyotha Hluttaw representative U Phone Myint Aung.

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Long-term real estate view needed in new Dagons

Investing in property in the new Dagon townships on the city’s outskirts must come with a long-term view, according to experts.

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