Condo developers go small-town

As the market for condominium developments in Yangon becomes increasingly crowded, developers are looking at other locations across the country for opportunities to build new projects. Yangon’s skyline is changing quickly as developers race to build high-end condominiums, but elsewhere in Myanmar, the pace of growth has been much slower. Mandalay’s first condominium was built […]

Capital Development Ltd to Start Dishing Out Yangon Condo Units

Local construction firm Capital Development Ltd will soon start handing over condominium units to customers at its GEMS Garden Condominiums project in Hlaing township in Yangon. The project’s initial plan comprise four condominium complexes with 21 storeys on 12 acres of land. U Tin Maung Win, director of Capital Development Ltd, said the companies completed […]

Yangon residents key for first Taunggyi high rise condo

Condo fever may have spread all the way to remote Taunggyi, but residents of the Shan State capital seem resistant – most of the interest in the 16-storey high-rise is coming from Yangon residents, says the site’s developer. Nan Htike Shwe Sin Condo, claiming to be the first international-standard apartment block in Taunggyi, is being […]

Sky-high real estate prices hinder foreign investments – MIC

Myanmar’s sky-high real estate prices may dissuade new foreign investors, according to sources from Myanmar Investment Commission (MIC). “Currently the real estate prices are very high in the country. It may be a hindrance for foreign investments coming to the country. We have said often that the real estate prices in Yangon are higher than […]

No let-up in sight for condo prices

Condominium prices will shoot through the roof and reach its peak in the next two years if foreigners are allowed to purchase them, market experts and Myanmar Real Estate Services Association sources say. “There is a strong possibility of the prices going higher if foreigners are allowed to buy condos. The number of condos in […]