Rent falls for Yangon expats

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. More landlords furnishing apartments to appeal to foreigner workers, the changing nature of the […]

Permanent Residency Applications Open

Applications for the Permanent Residency (PR) have begun, starting on December 29, a senior official form the Ministry of Immigration and Population told reporters at a briefing. On the first day of application collection, 96 people applied for permanent residency, most of whom are ethnically Myanmar, but citizens of other countries. Two committees, a central […]

Panel Deals Blow to Suu Kyi’s Chances of Becoming President

Nobel laureate Aung San Suu Kyi’s hopes of becoming Myanmar’s president next year have been dealt a blow when a parliamentary committee voted not to change a constitutional clause that bars her from the post, two of the panel members said. The committee tasked with recommending amendments opted to retain the section that prevents anyone […]

Foreigners await condominium law to buy apartments

Foreigners are waiting for Parliament to pass the condominium law as they are more interested in buying condo and apartments compared to other types of accmmodations in Myanmar, according to the construction companies in Yangon. The Japanese investors also showed great interest in buying condominiums, they said. Most of the foreigners, who have been living […]