Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Yangon gov’t to sell apartments at Ks 12 million per unit

YANGON—Apartments from the Shwe Linban low-cost housing project, located in Hlaing Thayar Township in Yangon, will soon be sold at less than Ks 12 million (US$ 12,000 ) per unit, according to the Department for Human Settlement and Housing Development. “The Yangon regional government is now discussing the sale of apartments from the Shwe Linban […]

Low cost housings to be implemented across the country

Low cost housings will be implemented in Yangon and Mandalay, as well as in states in need of housings, according to Ministry of Construction. At present, Yangon is in need of housings and low cost housings are implemented to match with increasing numbers of population. Moreover, the government is upgrading Pyithawthar housing project. Similarly the […]