YCDC, MPA in dispute over park land ownership

Yangon – The Yangon City Development Committee (YCDC) and the Myanmar Port Authority (MPA) are locked in a dispute over the land ownership of Seikkanthar Park which is included in the Asia World Project, sources say. The 1.5-acre park is located in Kyimyindine Township. Representatives of the Asia World company, officials from the western district […]

Property prices skyrocket due to speculation and laundering

The most widely heard analysis is that Myanmar’s real estate and property market has been gradually rising based on two genuine factors. One is the growing demand for housing due to ever increasing population in urban areas and the other is the government’s urban expansion and development of low-cost housing projects. This generally ignores another […]