Sales slow but ministers optimistic on Mandalay jade market

Mandalay jade sellers are still resisting moving to a new market due to open in August. Only a small percentage of apartments at the market have been sold, although the regional mining minister says he believes the market will be a success. Over 2000 apartments will be available at the new market facility, but just […]

US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

Mandalay jade traders say worst year ‘ever’ for sales

Jade traders in Mandalay say this could be the worst year ever for business. The main cause they cite is the absence of Chinese buyers, possibly nervous about the outcome of next month’s election. In interviews on October 25 at the Maha Aung Myay Gem Trading Centre, one trader after another bemoaned their current lot. […]

Property Market Report in Mandalay, 2015

Primer Research Report Mandalay | Property Market 2015 Highway to Mandalay The city rises as a property investment Destination The famous poem by Rudyard Kipling immortalized the city, making the name Mandalay more recognisable than the place itself. That situation is now slowly being addressed since Myanmar started the reform process in 2011. Mandalay, the […]