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. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Changes in Exchange Policy Daunt Local Auto Assemblers

Myanmar’s automotive factories are concerned that recent government changes to locally assembled vehicles exchange policy are undercutting the competitiveness of the country’s locally-assembled car industry. Decades of isolation left Myanmar’s roads filled with automobiles in extremely poor condition. In an effort to replace old cars, the government updated its vehicle exchange program, which allows car […]

Strict Lending Rules Limit Growth of Hire Purchase in Myanmar

Hire purchase is failing to catch on in Burma due to strict Central Bank rules limiting the length of credit agreements and demanding large amounts of paperwork from consumers, observers said this week. After private banks began to prosper in the country once again in 2010, there were signs a hire purchase market would take […]