Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying

LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive purchasing, which has brought the value of land up by nearly 50 per cent in the last four months, according to real estate agents. “News spread […]

Emerging Honey Market Struggles with Chinese Fakes, Low Investment

Myanmar’s honey is good enough to enter the international market, but there are myriad challenges in penetrating the market, industry insiders say. When Myanmar faced sanctions, Myanmar only exported honey to neighbouring countries in the ASEAN market, but now it is trying to export honey to the EU. However, to get a foothold in those […]

Myanmar calls for S. Korea’s increased investments

BUSAN, Dec. 11 (Yonhap) — Myanmar’s president asked South Korea Thursday to expand its investment in a country that has undertaken a wave of reforms after decades of military rule. President Thein Sein made the request during a meeting with South Korean President Park Geun-hye on the sidelines of a special summit between South Korea […]

Hlaing Thayar industrial land price falls as govt target land speculators

YANGON — In a move targeting speculators, the Yangon government will require idle landholders in the division’s industrial zones to present a detailed business plan for how they will use the real estate or see it seized. The divisional Industrial Zones Management Committee, under Yangon’s Department of Human Settlement and Housing Development, announced late last […]

High rents holding back telecoms firms, claims CEO

Telecommunications companies are struggling to secure initial capital investment and cope with extortionate rents, said CEO Tun Thura Thet from Myanmar Information Technology (MIT) during an Asean business forum. “Land and rental prices in Myanmar are higher than those in Silicon Valley in the United States. It is depends on the location. If an office […]

Is the property bubble set to burst?

Economists are becoming increasing alarmed by rising speculation in real estate, saying it will disrupt or undermine the economic progress Myanmar is making. “Land prices are likely to rise in this time of economic transition. It will stop itself when the time comes. Like a balloon, it swells gradually and when it beyond the limit […]

Foreign companies show growing interest in Thilawa SEZ

A total of 45 companies from 11 countries – including Japan and the United States – have submitted proposals to invest in the Thilawa Special Economic Zone (SEZ), a major industrial complex located on the outskirts of Yangon. More than 17,000 intended subscribers offered to buy a total of more than 4 million shares, at […]

Thilawa SEZ to allow construction of factories this month

The Thilawa Special Economic Zone is to commence the construction of factories by this month, according to Win Aung, chairperson of Myanmar Thilawa SEZ Holdings. “Factories construction will be allowed late this month. The aim is to prevent the resale of plots bought in the zone. We sell plots to buyers according to their proposals […]

Thilawa land prices still up in air after share sale

Land prices for Thilawa SEZ will be competitive with other countries’ projects in ASEAN, according to SEZ Management Committee Chair U Set Aung. Although he declined to reveal exact costs, he said that as an example it could be a couple US dollars cheaper than prices for similar Vietman industrial estates. “One thing I can […]

Myanmar Govt Plans 30,000 New Affordable Homes in Yangon

YANGON — The Myanmar government’s housing department is planning to build 30,000 new low-cost homes in townships on the outskirts of the country’s largest city, an official said Wednesday. Moe Thida, assistant director of the planning division at the Department of Human Settlement and Housing Development—part of the Ministry of Construction—said the department was putting […]