Myanmar’s pricey realty rates to stay until 2018

Sky-high property prices in Myanmar, which in the country’s commercial capital Yangon have reached or partly exceeded the level of New York, Tokyo or Hong Kong, are to stay until at least 2018, dampening hopes that the sector would calm down from its current overheated state. This was the core message of Moe Thida, Assistant […]

Myanmar expects competitive realty prices by 2018

Exorbitant property prices, highlighted as one of the biggest business barriers in Myanmar, are expected to be brought down to a level competitive with that of neighbouring countries by 2018. Moe Thida, deputy director of the Construction Ministry’s Urban and Housing Development Department, told the Myanmar Global Investment Forum last week that some measures have […]

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 […]